Stifel Financial Corp boosted its holdings in OneMain Holdings Inc (NYSE:OMF) by 5.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 14,010 shares of the financial services provider’s stock after buying an additional 776 shares during the quarter. Stifel Financial Corp’s holdings in OneMain were worth $343,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the business. Wells Fargo & Company MN grew its position in OneMain by 26.1% during the 3rd quarter. Wells Fargo & Company MN now owns 54,536 shares of the financial services provider’s stock worth $1,833,000 after purchasing an additional 11,297 shares in the last quarter. BlackRock Inc. grew its position in OneMain by 7.7% during the 3rd quarter. BlackRock Inc. now owns 3,415,729 shares of the financial services provider’s stock worth $114,801,000 after purchasing an additional 245,159 shares in the last quarter. Franklin Resources Inc. purchased a new position in OneMain during the 3rd quarter worth approximately $2,625,000. Renaissance Technologies LLC grew its position in OneMain by 18.5% during the 3rd quarter. Renaissance Technologies LLC now owns 420,900 shares of the financial services provider’s stock worth $14,146,000 after purchasing an additional 65,800 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in OneMain by 130.7% during the 3rd quarter. AQR Capital Management LLC now owns 27,617 shares of the financial services provider’s stock worth $928,000 after purchasing an additional 15,647 shares in the last quarter. Hedge funds and other institutional investors own 93.42% of the company’s stock.
OneMain stock opened at $33.69 on Wednesday. OneMain Holdings Inc has a 12 month low of $22.47 and a 12 month high of $37.29. The firm has a market cap of $4.49 billion, a PE ratio of 6.52, a P/E/G ratio of 0.58 and a beta of 2.51.
OneMain (NYSE:OMF) last posted its quarterly earnings results on Monday, February 11th. The financial services provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.33 by $0.06. OneMain had a net margin of 11.30% and a return on equity of 19.23%. The business had revenue of $882.00 million for the quarter, compared to analysts’ expectations of $730.46 million. As a group, sell-side analysts predict that OneMain Holdings Inc will post 5.67 earnings per share for the current year.
OMF has been the topic of several research analyst reports. JPMorgan Chase & Co. upgraded shares of OneMain from an “underweight” rating to a “neutral” rating and lowered their price objective for the stock from $34.50 to $32.00 in a research report on Wednesday, January 16th. BMO Capital Markets boosted their price target on shares of OneMain from $43.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, February 13th. BTIG Research started coverage on shares of OneMain in a report on Friday, February 22nd. They set a “buy” rating and a $43.00 price target on the stock. JMP Securities boosted their price target on shares of OneMain from $39.00 to $44.00 and gave the company a “market outperform” rating in a report on Wednesday, February 13th. Finally, ValuEngine upgraded shares of OneMain from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 2nd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $39.14.
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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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