Fortress Investment Group Llc Sells 7,500,000 Shares of OneMain Holdings Inc (OMF) Stock
OneMain Holdings Inc (NYSE:OMF) Director Fortress Investment Group Llc sold 7,500,000 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $25.10, for a total transaction of $188,250,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of OneMain Holdings Inc (NYSE:OMF) traded up $0.25 during trading hours on Monday, hitting $25.50. The stock had a trading volume of 2,101,900 shares, compared to its average volume of 677,483. The firm has a market capitalization of $3,451.40, a P/E ratio of 7.77, a P/E/G ratio of 1.45 and a beta of 2.72. OneMain Holdings Inc has a 12 month low of $21.50 and a 12 month high of $33.39.
OneMain (NYSE:OMF) last issued its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($0.14). The business had revenue of $808.00 million during the quarter, compared to analyst estimates of $800.50 million. OneMain had a net margin of 4.85% and a return on equity of 14.15%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.90 earnings per share. equities analysts expect that OneMain Holdings Inc will post 3.52 EPS for the current fiscal year.
Several equities analysts have commented on the stock. Barclays reissued a “hold” rating and set a $35.00 target price on shares of OneMain in a research report on Wednesday, December 13th. Bank of America downgraded shares of OneMain from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 8th. ValuEngine downgraded shares of OneMain from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. BMO Capital Markets reissued a “buy” rating on shares of OneMain in a research report on Monday, November 6th. Finally, Northland Securities reissued a “hold” rating and set a $35.00 target price on shares of OneMain in a research report on Friday, November 3rd. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $32.85.
OneMain Company Profile
OneMain Holdings, Inc is a financial services holding company. The Company is a consumer finance company, which is engaged in providing personal loan products; credit and non-credit insurance, and service loans owned by it and service or subservice loans owned by third-parties. The Company’s segments include Consumer and Insurance; Acquisitions and Servicing; Real Estate, and Other.
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