Wellington Shields Capital Management LLC lessened its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 55.8% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 11,640 shares of the financial services provider’s stock after selling 14,680 shares during the quarter. Wellington Shields Capital Management LLC’s holdings in OneMain Holdings were worth $328,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of OMF. JPMorgan Chase & Co. lifted its stake in shares of OneMain Holdings by 103.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,336 shares of the financial services provider’s stock worth $107,000 after buying an additional 2,200 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in OneMain Holdings in the 2nd quarter worth about $132,000. Pacer Advisors Inc. raised its stake in OneMain Holdings by 12.0% in the 2nd quarter. Pacer Advisors Inc. now owns 7,261 shares of the financial services provider’s stock worth $179,000 after purchasing an additional 779 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in OneMain Holdings in the 2nd quarter worth about $237,000. Finally, Amalgamated Bank acquired a new stake in OneMain Holdings in the 2nd quarter worth about $238,000. Institutional investors own 95.85% of the company’s stock.
Shares of OneMain Holdings, Inc. (NYSE OMF) traded down $0.79 during trading on Wednesday, hitting $24.10. 823,000 shares of the company traded hands, compared to its average volume of 626,274. The company has a market cap of $3,367.77, a price-to-earnings ratio of 7.59, a PEG ratio of 1.41 and a beta of 2.87. OneMain Holdings, Inc. has a 12 month low of $19.38 and a 12 month high of $33.39.
OneMain Holdings (NYSE:OMF) last announced its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.14). The company had revenue of $808.00 million for the quarter, compared to the consensus estimate of $800.50 million. OneMain Holdings 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 last year, the firm posted $0.90 earnings per share. analysts expect that OneMain Holdings, Inc. will post 3.52 EPS for the current fiscal year.
In related news, Director Wesley R. Edens sold 10,000,000 shares of OneMain Holdings stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $26.00, for a total transaction of $260,000,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 57.73% of the company’s stock.
Several brokerages have weighed in on OMF. Bank of America Corporation cut shares of OneMain Holdings from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 8th. ValuEngine cut shares of OneMain Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. BMO Capital Markets reiterated a “buy” rating on shares of OneMain Holdings in a research note on Monday, November 6th. Northland Securities reiterated a “hold” rating and issued a $35.00 price objective on shares of OneMain Holdings in a research note on Friday, November 3rd. Finally, Compass Point cut shares of OneMain Holdings from a “buy” rating to a “neutral” rating and set a $31.00 price objective for the company. in a research note 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 stock. The company presently has a consensus rating of “Hold” and a consensus target price of $32.21.
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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