Kennedy Capital Management Inc. acquired a new position in OneMain Holdings Inc (NYSE:OMF) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 98,422 shares of the financial services provider’s stock, valued at approximately $2,558,000. Kennedy Capital Management Inc. owned 0.07% of OneMain as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its holdings in OneMain by 5.2% in the third quarter. Bank of New York Mellon Corp now owns 194,040 shares of the financial services provider’s stock worth $5,471,000 after purchasing an additional 9,618 shares during the period. Prudential Financial Inc. acquired a new stake in OneMain in the third quarter worth about $583,000. Polianta Ltd acquired a new stake in OneMain in the fourth quarter worth about $1,177,000. Gruss Capital Management LP lifted its holdings in OneMain by 37.1% in the third quarter. Gruss Capital Management LP now owns 975,000 shares of the financial services provider’s stock worth $27,485,000 after purchasing an additional 264,000 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its holdings in OneMain by 197.3% in the third quarter. Public Employees Retirement System of Ohio now owns 52,423 shares of the financial services provider’s stock worth $1,478,000 after purchasing an additional 34,792 shares during the period. 94.34% of the stock is owned by institutional investors and hedge funds.
OMF has been the subject of several research analyst reports. JPMorgan Chase & Co. downgraded shares of OneMain from a “neutral” rating to an “underweight” rating and set a $25.00 price objective for the company. in a report on Friday, January 12th. Zacks Investment Research upgraded shares of OneMain from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Compass Point upgraded shares of OneMain from a “neutral” rating to a “buy” rating in a research report on Thursday, January 4th. Bank of America upgraded shares of OneMain from a “neutral” rating to a “buy” rating and set a $41.00 price target on the stock in a research report on Thursday, January 4th. Finally, Barclays reiterated a “hold” rating and issued a $35.00 price target on shares of OneMain in a research report on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. OneMain presently has an average rating of “Buy” and an average price target of $34.58.
Shares of OneMain Holdings Inc (NYSE:OMF) opened at $31.57 on Wednesday. The stock has a market capitalization of $4,359.67, a PE ratio of 9.08, a price-to-earnings-growth ratio of 1.31 and a beta of 2.79. OneMain Holdings Inc has a twelve month low of $22.04 and a twelve month high of $36.32.
OneMain (NYSE:OMF) last posted its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.01. The firm had revenue of $799.00 million for the quarter, compared to the consensus estimate of $798.70 million. OneMain had a return on equity of 15.04% and a net margin of 5.06%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.80 EPS. equities research analysts forecast that OneMain Holdings Inc will post 4.91 earnings per share for the current year.
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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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