SignalPoint Asset Management LLC acquired a new stake in OneMain Holdings Inc. (NYSE:OMF) during the second quarter, Holdings Channel reports. The institutional investor acquired 19,138 shares of the company’s stock, valued at approximately $437,000.
Other large investors have also added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in OneMain Holdings by 45.0% in the first quarter. Royal Bank of Canada now owns 5,365 shares of the company’s stock valued at $147,000 after buying an additional 1,664 shares in the last quarter. Sippican Capital Advisors acquired a new stake in OneMain Holdings during the second quarter valued at about $219,000. Fox Run Management L.L.C. acquired a new stake in OneMain Holdings during the second quarter valued at about $322,000. BlackRock Inc. increased its stake in OneMain Holdings by 750.2% in the first quarter. BlackRock Inc. now owns 12,745 shares of the company’s stock valued at $350,000 after buying an additional 11,246 shares in the last quarter. Finally, BlackRock Japan Co. Ltd acquired a new stake in OneMain Holdings during the first quarter valued at about $449,000. Institutional investors own 99.17% of the company’s stock.
Shares of OneMain Holdings Inc. (NYSE:OMF) traded up 1.29% during mid-day trading on Wednesday, hitting $31.47. 698,510 shares of the company’s stock were exchanged. The company’s market capitalization is $4.24 billion. The firm has a 50 day moving average price of $30.21 and a 200-day moving average price of $28.48. OneMain Holdings Inc. has a 52 week low of $18.55 and a 52 week high of $51.39.
OneMain Holdings (NYSE:OMF) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.96 earnings per share for the quarter, missing the consensus estimate of $1.00 by $0.04. OneMain Holdings had a negative net margin of 1.70% and a positive return on equity of 17.89%. During the same quarter in the prior year, the business posted $0.38 EPS. On average, equities analysts anticipate that OneMain Holdings Inc. will post $4.25 EPS for the current year.
OMF has been the subject of several analyst reports. Barclays PLC restated an “overweight” rating and issued a $36.00 target price on shares of OneMain Holdings in a research note on Friday, July 15th. Zacks Investment Research downgraded shares of OneMain Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 6th. JPMorgan Chase & Co. initiated coverage on shares of OneMain Holdings in a research note on Monday, September 12th. They issued an “overweight” rating and a $38.00 target price for the company. Jefferies Group restated a “buy” rating and issued a $40.00 target price on shares of OneMain Holdings in a research note on Sunday, July 10th. Finally, Credit Suisse Group AG restated a “buy” rating on shares of OneMain Holdings in a research note on Friday, August 5th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. OneMain Holdings currently has an average rating of “Buy” and an average price target of $39.67.
OneMain Holdings Company Profile
OneMain Holdings, Inc, formerly Springleaf Holdings, Inc, incorporated on August 5, 2013, is a financial services holding company. The Company provides responsible loan products; offers credit and non-credit insurance; pursues strategic acquisitions of loan portfolios, and pursues acquisitions of companies and/or establish joint ventures.
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