OneMain Holdings, Inc. (OMF) Stake Cut by Fmr LLC

FMR LLC reduced its stake in OneMain Holdings, Inc. (NYSE:OMF) by 9.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,987,049 shares of the financial services provider’s stock after selling 985,036 shares during the period. FMR LLC owned approximately 7.39% of OneMain Holdings worth $248,179,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. increased its position in shares of OneMain Holdings by 3.2% in the first quarter. Pacer Advisors Inc. now owns 6,482 shares of the financial services provider’s stock valued at $161,000 after buying an additional 204 shares during the last quarter. Ellington Management Group LLC bought a new position in OneMain Holdings during the fourth quarter worth $235,000. Rafferty Asset Management LLC acquired a new stake in shares of OneMain Holdings during the first quarter valued at about $238,000. Nationwide Fund Advisors increased its stake in shares of OneMain Holdings by 23.3% in the first quarter. Nationwide Fund Advisors now owns 9,986 shares of the financial services provider’s stock valued at $248,000 after buying an additional 1,886 shares during the period. Finally, Stifel Financial Corp acquired a new stake in shares of OneMain Holdings during the first quarter valued at about $264,000. 95.25% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for OneMain Holdings (NYSE:OMF)

OneMain Holdings, Inc. (OMF) traded up 0.35% during midday trading on Thursday, reaching $23.12. The company’s stock had a trading volume of 595,921 shares. The stock has a market capitalization of $3.13 billion, a PE ratio of 28.09 and a beta of 2.85. OneMain Holdings, Inc. has a 52 week low of $16.03 and a 52 week high of $32.28. The firm’s 50-day moving average price is $23.15 and its 200-day moving average price is $24.06.

OneMain Holdings (NYSE:OMF) last posted its quarterly earnings data on Wednesday, May 3rd. The financial services provider reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.02. The business had revenue of $698 million for the quarter, compared to analyst estimates of $773.82 million. OneMain Holdings had a net margin of 3.16% and a return on equity of 17.31%. The business’s revenue for the quarter was down 23.1% on a year-over-year basis. During the same quarter last year, the business earned $1.05 earnings per share. On average, analysts anticipate that OneMain Holdings, Inc. will post $3.79 earnings per share for the current year.

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A number of research firms have issued reports on OMF. ValuEngine downgraded OneMain Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Bank of America Corporation raised OneMain Holdings from an “underperform” rating to a “buy” rating and boosted their target price for the company from $23.00 to $28.00 in a research report on Thursday, May 11th. Zacks Investment Research cut OneMain Holdings from a “hold” rating to a “sell” rating in a report on Friday, May 5th. Jefferies Group LLC reiterated a “buy” rating and issued a $30.00 target price on shares of OneMain Holdings in a report on Friday, April 7th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $28.00 price objective on shares of OneMain Holdings in a research note on Thursday, May 25th. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $28.13.

About OneMain Holdings

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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