OneMain Holdings Inc (OMF) Shares Bought by Russell Investments Group Ltd.

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Russell Investments Group Ltd. grew its stake in OneMain Holdings Inc (NYSE:OMF) by 34.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 335,084 shares of the financial services provider’s stock after acquiring an additional 86,503 shares during the period. Russell Investments Group Ltd.’s holdings in OneMain were worth $11,155,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Stifel Financial Corp grew its stake in OneMain by 14.1% in the 1st quarter. Stifel Financial Corp now owns 15,081 shares of the financial services provider’s stock worth $448,000 after acquiring an additional 1,863 shares in the last quarter. State of Alaska Department of Revenue grew its stake in OneMain by 41.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 7,780 shares of the financial services provider’s stock worth $258,000 after acquiring an additional 2,280 shares in the last quarter. Xact Kapitalforvaltning AB grew its stake in OneMain by 24.3% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 12,781 shares of the financial services provider’s stock worth $425,000 after acquiring an additional 2,500 shares in the last quarter. Legal & General Group Plc grew its stake in OneMain by 5.4% in the 1st quarter. Legal & General Group Plc now owns 50,582 shares of the financial services provider’s stock worth $1,514,000 after acquiring an additional 2,607 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its stake in OneMain by 3.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 70,885 shares of the financial services provider’s stock worth $2,122,000 after acquiring an additional 2,648 shares in the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

In other news, SVP Michael A. Hedlund sold 2,500 shares of the stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $35.41, for a total transaction of $88,525.00. Following the transaction, the senior vice president now directly owns 7,644 shares in the company, valued at $270,674.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Fortress Investment Group Llc sold 54,937,500 shares of the stock in a transaction that occurred on Monday, June 25th. The shares were sold at an average price of $26.00, for a total transaction of $1,428,375,000.00. The disclosure for this sale can be found here. 43.93% of the stock is currently owned by company insiders.

NYSE OMF opened at $36.57 on Wednesday. OneMain Holdings Inc has a 52-week low of $23.68 and a 52-week high of $37.29. The company has a market cap of $4.98 billion, a PE ratio of 8.48, a price-to-earnings-growth ratio of 0.98 and a beta of 2.70.

OneMain (NYSE:OMF) last released its quarterly earnings data on Monday, July 30th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.04. OneMain had a net margin of 6.41% and a return on equity of 17.55%. The firm had revenue of $685.00 million for the quarter, compared to the consensus estimate of $676.82 million. During the same period last year, the firm earned $0.81 earnings per share. analysts predict that OneMain Holdings Inc will post 4.97 EPS for the current year.

OMF has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of OneMain from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Tuesday, August 7th. Barclays upped their target price on shares of OneMain from $39.00 to $40.00 and gave the stock a “hold” rating in a research note on Wednesday, August 1st. BMO Capital Markets upped their target price on shares of OneMain from $41.00 to $43.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 1st. Finally, ValuEngine downgraded shares of OneMain from a “buy” rating to a “hold” rating in a research note on Saturday, June 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $37.75.

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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