Argent Capital Management LLC purchased a new position in OneMain Holdings, Inc. (NYSE:OMF) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 56,775 shares of the financial services provider’s stock, valued at approximately $1,600,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. FMR LLC raised its position in OneMain by 7.9% during the second quarter. FMR LLC now owns 10,776,907 shares of the financial services provider’s stock valued at $265,004,000 after acquiring an additional 789,858 shares in the last quarter. Vanguard Group Inc. raised its position in OneMain by 4.1% during the second quarter. Vanguard Group Inc. now owns 4,401,256 shares of the financial services provider’s stock valued at $108,227,000 after acquiring an additional 172,224 shares in the last quarter. Dimensional Fund Advisors LP raised its position in OneMain by 22.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,888,253 shares of the financial services provider’s stock valued at $53,231,000 after acquiring an additional 344,126 shares in the last quarter. Brandywine Global Investment Management LLC raised its position in OneMain by 6.8% during the second quarter. Brandywine Global Investment Management LLC now owns 1,612,038 shares of the financial services provider’s stock valued at $39,641,000 after acquiring an additional 102,652 shares in the last quarter. Finally, Alyeska Investment Group L.P. raised its position in OneMain by 5.9% during the third quarter. Alyeska Investment Group L.P. now owns 1,314,062 shares of the financial services provider’s stock valued at $37,043,000 after acquiring an additional 72,821 shares in the last quarter. 95.85% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently weighed in on OMF shares. BMO Capital Markets reaffirmed a “buy” rating on shares of OneMain in a research report on Monday, November 6th. ValuEngine raised shares of OneMain from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Bank of America set a $35.00 price target on OneMain and gave the company a “buy” rating in a report on Friday, October 13th. Zacks Investment Research upgraded OneMain from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, Northland Securities reiterated a “hold” rating and set a $35.00 price target on shares of OneMain in a report on Friday, November 3rd. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $32.57.

Shares of OneMain Holdings, Inc. (NYSE OMF) traded down $0.03 during mid-day trading on Wednesday, reaching $27.18. The company’s stock had a trading volume of 1,058,500 shares, compared to its average volume of 652,835. OneMain Holdings, Inc. has a one year low of $21.35 and a one year high of $33.39. The firm has a market capitalization of $3,681.68, a P/E ratio of 8.30, a PEG ratio of 1.55 and a beta of 2.72.

OneMain (NYSE:OMF) last announced its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $0.91 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 analyst estimates of $800.50 million. OneMain 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% on a year-over-year basis. During the same quarter last year, the business earned $0.90 EPS. analysts expect that OneMain Holdings, Inc. will post 3.52 earnings per share for the current year.

In other news, Director Wesley R. Edens sold 10,000,000 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $26.00, for a total value of $260,000,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Wesley R. Edens sold 1,000,000 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $26.00, for a total transaction of $26,000,000.00. The disclosure for this sale can be found here. Company insiders own 57.73% of the company’s stock.

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OneMain 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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Institutional Ownership by Quarter for OneMain (NYSE:OMF)

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