Wells Fargo & Company MN lifted its position in shares of OneMain Holdings Inc (NYSE:OMF) by 35.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,290 shares of the financial services provider’s stock after buying an additional 13,376 shares during the quarter. Wells Fargo & Company MN’s holdings in OneMain were worth $1,446,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC increased its position in shares of OneMain by 7.9% in the second quarter. FMR LLC now owns 10,776,907 shares of the financial services provider’s stock worth $265,004,000 after purchasing an additional 789,858 shares during the period. Vanguard Group Inc. increased its position in shares of OneMain by 4.1% in the second quarter. Vanguard Group Inc. now owns 4,401,256 shares of the financial services provider’s stock worth $108,227,000 after purchasing an additional 172,224 shares during the period. Brandywine Global Investment Management LLC increased its position in shares of OneMain by 6.8% in the second quarter. Brandywine Global Investment Management LLC now owns 1,612,038 shares of the financial services provider’s stock worth $39,641,000 after purchasing an additional 102,652 shares during the period. Dimensional Fund Advisors LP increased its position in shares of OneMain by 77.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,544,127 shares of the financial services provider’s stock worth $37,971,000 after purchasing an additional 676,203 shares during the period. Finally, Gruss Capital Management LP bought a new position in shares of OneMain in the second quarter worth $17,483,000. 95.83% of the stock is owned by institutional investors.
In other OneMain news, Director Fortress Investment Group Llc sold 7,500,000 shares of OneMain stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $25.10, for a total value of $188,250,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Wesley R. Edens sold 1,000,000 shares of OneMain stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $26.00, for a total value of $26,000,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,500,000 shares of company stock worth $474,250,000. Company insiders own 57.73% of the company’s stock.
OneMain (NYSE:OMF) last released its earnings results on Wednesday, November 1st. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($0.14). OneMain had a net margin of 4.85% and a return on equity of 14.15%. The business had revenue of $808.00 million during the quarter, compared to the consensus estimate of $800.50 million. During the same quarter in the prior year, the firm earned $0.90 EPS. The business’s revenue was up 4.9% on a year-over-year basis. equities analysts expect that OneMain Holdings Inc will post 3.52 earnings per share for the current fiscal year.
A number of research analysts recently commented on OMF shares. ValuEngine upgraded OneMain from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Compass Point cut OneMain from a “buy” rating to a “neutral” rating and set a $31.00 price target on the stock. in a research report on Friday, November 3rd. BMO Capital Markets restated a “buy” rating on shares of OneMain in a research report on Monday, November 6th. Bank of America cut OneMain from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 8th. Finally, Zacks Investment Research upgraded OneMain from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $34.00.
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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