Sippican Capital Advisors boosted its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 16.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,215 shares of the financial services provider’s stock after buying an additional 4,585 shares during the period. Sippican Capital Advisors’ holdings in OneMain Holdings were worth $817,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Quantitative Investment Management LLC purchased a new stake in OneMain Holdings during the first quarter valued at approximately $2,320,000. Comerica Bank purchased a new stake in OneMain Holdings during the first quarter valued at approximately $2,078,000. Norges Bank purchased a new stake in OneMain Holdings during the fourth quarter valued at approximately $8,970,000. Omega Advisors Inc. raised its stake in OneMain Holdings by 10.3% in the first quarter. Omega Advisors Inc. now owns 944,057 shares of the financial services provider’s stock valued at $23,460,000 after buying an additional 88,047 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky purchased a new stake in OneMain Holdings during the fourth quarter valued at approximately $387,000. Institutional investors own 95.31% of the company’s stock.
OneMain Holdings, Inc. (OMF) traded up 0.93% during trading on Friday, hitting $27.09. 349,551 shares of the stock traded hands. The stock has a market cap of $3.67 billion, a P/E ratio of 29.10 and a beta of 2.85. The company’s 50 day moving average price is $25.86 and its 200-day moving average price is $24.81. OneMain Holdings, Inc. has a 52-week low of $16.03 and a 52-week high of $32.28.
OneMain Holdings (NYSE:OMF) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.81 EPS for the quarter, missing the Zacks’ consensus estimate of $0.89 by $0.08. The business had revenue of $569 million during the quarter, compared to analyst estimates of $631.92 million. OneMain Holdings had a net margin of 3.63% and a return on equity of 14.31%. During the same period in the previous year, the company posted $0.96 earnings per share. Equities research analysts forecast that OneMain Holdings, Inc. will post $3.76 earnings per share for the current fiscal year.
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Several analysts recently commented on OMF shares. Zacks Investment Research lowered shares of OneMain Holdings from a “hold” rating to a “sell” rating in a research report on Friday, May 5th. Barclays PLC set a $30.00 price objective on shares of OneMain Holdings and gave the company a “hold” rating in a report on Friday, August 4th. ValuEngine raised shares of OneMain Holdings from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Jefferies Group LLC reaffirmed a “buy” rating and set a $30.00 price objective on shares of OneMain Holdings in a report on Friday, July 14th. Finally, Northland Securities reaffirmed a “hold” rating and set a $30.00 price objective on shares of OneMain Holdings in a report on Friday, August 4th. Ten research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $29.06.
OneMain Holdings 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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