GSA Capital Partners LLP Takes $892,000 Position in OneMain Holdings Inc (OMF)

GSA Capital Partners LLP purchased a new stake in OneMain Holdings Inc (NYSE:OMF) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,783 shares of the financial services provider’s stock, valued at approximately $892,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Stifel Financial Corp raised its stake in OneMain by 14.1% during the first quarter. Stifel Financial Corp now owns 15,081 shares of the financial services provider’s stock valued at $448,000 after buying an additional 1,863 shares in the last quarter. Russell Investments Group Ltd. raised its stake in OneMain by 164.1% during the first quarter. Russell Investments Group Ltd. now owns 248,581 shares of the financial services provider’s stock valued at $7,441,000 after buying an additional 154,468 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in OneMain during the first quarter valued at approximately $207,000. BNP Paribas Arbitrage SA raised its stake in OneMain by 907.1% during the first quarter. BNP Paribas Arbitrage SA now owns 7,140 shares of the financial services provider’s stock valued at $214,000 after buying an additional 6,431 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in OneMain during the first quarter valued at approximately $679,000. Hedge funds and other institutional investors own 92.16% of the company’s stock.

Shares of OneMain opened at $33.55 on Friday, Marketbeat.com reports. OneMain Holdings Inc has a twelve month low of $22.30 and a twelve month high of $36.32. The company has a market cap of $4.54 billion, a PE ratio of 9.48, a P/E/G ratio of 1.37 and a beta of 2.74.



OneMain (NYSE:OMF) last posted its earnings results on Wednesday, May 2nd. The financial services provider reported $1.18 EPS for the quarter, beating the consensus estimate of $1.13 by $0.05. OneMain had a return on equity of 16.47% and a net margin of 7.37%. The firm had revenue of $662.00 million for the quarter, compared to analysts’ expectations of $667.57 million. During the same period last year, the firm earned $0.25 EPS. research analysts predict that OneMain Holdings Inc will post 4.88 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on OMF shares. Janney Montgomery Scott upgraded OneMain from a “neutral” rating to a “buy” rating in a research report on Thursday, March 1st. Zacks Investment Research upgraded OneMain from a “sell” rating to a “hold” rating in a research report on Saturday, May 5th. ValuEngine cut OneMain from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. Citigroup upgraded OneMain from a “neutral” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Friday, April 20th. Finally, UBS Group started coverage on OneMain in a research report on Tuesday, March 27th. They set a “buy” rating and a $40.00 price target on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $35.33.

OneMain Company Profile

OneMain Holdings, Inc, through its subsidiaries, provides consumer finance and insurance products and services. The company operates in two segments, Consumer and Insurance, and Acquisitions and Servicing. It provides secured and unsecured personal loans; credit insurance products, such as life, disability, and involuntary unemployment insurance products; non-credit insurance; and auto membership plans, as well as retail sales finance services.

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Institutional Ownership by Quarter for OneMain (NYSE:OMF)

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