Standard Life Investments LTD reduced its position in shares of OneMain Holdings Inc. (NYSE:OMF) by 19.4% during the second quarter, Holdings Channel reports. The fund owned 1,500,963 shares of the company’s stock after selling 362,034 shares during the period. Standard Life Investments LTD’s holdings in OneMain Holdings were worth $34,268,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in OMF. Royal Bank of Canada boosted its position in OneMain Holdings by 45.0% in the first quarter. Royal Bank of Canada now owns 5,365 shares of the company’s stock worth $147,000 after buying an additional 1,664 shares during the last quarter. Quadrature Capital Ltd boosted its position in OneMain Holdings by 43.6% in the first quarter. Quadrature Capital Ltd now owns 16,732 shares of the company’s stock worth $460,000 after buying an additional 5,079 shares during the last quarter. Barnett & Company Inc. boosted its position in OneMain Holdings by 18.8% in the first quarter. Barnett & Company Inc. now owns 59,920 shares of the company’s stock worth $1,644,000 after buying an additional 9,500 shares during the last quarter. Sippican Capital Advisors purchased a new position in OneMain Holdings during the second quarter worth about $219,000. Finally, BlackRock Inc. boosted its position in OneMain Holdings by 750.2% in the first quarter. BlackRock Inc. now owns 12,745 shares of the company’s stock worth $350,000 after buying an additional 11,246 shares during the last quarter. Hedge funds and other institutional investors own 99.17% of the company’s stock.
OneMain Holdings Inc. (NYSE:OMF) traded up 1.29% during midday trading on Wednesday, reaching $31.47. 698,510 shares of the company traded hands. The stock’s market capitalization is $4.24 billion. The company has a 50 day moving average price of $30.27 and a 200-day moving average price of $28.50. OneMain Holdings Inc. has a one year low of $18.55 and a one year high of $51.39.
OneMain Holdings (NYSE:OMF) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.96 EPS for the quarter, missing the Thomson Reuters’ 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. Analysts forecast that OneMain Holdings Inc. will post $4.25 EPS for the current fiscal year.
A number of equities analysts have issued reports on the stock. Jefferies Group restated a “buy” rating and issued a $40.00 price objective on shares of OneMain Holdings in a research report on Sunday, July 10th. Zacks Investment Research upgraded shares of OneMain Holdings from a “sell” rating to a “hold” rating in a research report on Friday, July 15th. Barclays PLC restated an “overweight” rating and issued a $36.00 price objective on shares of OneMain Holdings in a research report on Friday, July 15th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of OneMain Holdings in a research note on Friday, August 5th. Finally, JPMorgan Chase & Co. began coverage on shares of OneMain Holdings in a research note on Monday, September 12th. They set an “overweight” rating and a $38.00 target price on the stock. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus 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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