Cubist Systematic Strategies LLC Acquires Shares of 5,380 OneMain Holdings, Inc. (OMF)
Cubist Systematic Strategies LLC acquired a new position in shares of OneMain Holdings, Inc. (NYSE:OMF) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,380 shares of the financial services provider’s stock, valued at approximately $132,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in OMF. FMR LLC boosted its position in OneMain Holdings by 7.9% during the 2nd quarter. FMR LLC now owns 10,776,907 shares of the financial services provider’s stock worth $265,004,000 after acquiring an additional 789,858 shares during the period. Gruss Capital Management LP acquired a new stake in OneMain Holdings during the 2nd quarter worth about $17,483,000. Dimensional Fund Advisors LP boosted its position in OneMain Holdings by 77.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,544,127 shares of the financial services provider’s stock worth $37,971,000 after acquiring an additional 676,203 shares during the period. American Century Companies Inc. boosted its position in OneMain Holdings by 73.5% during the 2nd quarter. American Century Companies Inc. now owns 654,916 shares of the financial services provider’s stock worth $16,104,000 after acquiring an additional 277,433 shares during the period. Finally, Vanguard Group Inc. boosted its position in OneMain Holdings by 4.8% during the 1st quarter. Vanguard Group Inc. now owns 4,229,032 shares of the financial services provider’s stock worth $105,091,000 after acquiring an additional 191,932 shares during the period. Hedge funds and other institutional investors own 95.80% of the company’s stock.
OneMain Holdings, Inc. (OMF) opened at $31.63 on Tuesday. OneMain Holdings, Inc. has a one year low of $16.03 and a one year high of $33.39. The firm has a market capitalization of $4,348.60, a P/E ratio of 9.80, a P/E/G ratio of 1.75 and a beta of 2.87.
OneMain Holdings (NYSE:OMF) last issued its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $0.91 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($0.14). OneMain Holdings had a net margin of 4.85% and a return on equity of 14.28%. The company had revenue of $808.00 million during the quarter, compared to the consensus estimate of $800.50 million. During the same period in the previous year, the business posted $0.90 earnings per share. The firm’s revenue was up 4.9% on a year-over-year basis. equities analysts anticipate that OneMain Holdings, Inc. will post 3.68 EPS for the current year.
A number of equities research analysts have commented on OMF shares. Stephens upgraded OneMain Holdings from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $29.00 to $35.00 in a research report on Wednesday, August 23rd. Citigroup Inc. started coverage on OneMain Holdings in a research report on Monday, October 16th. They set a “neutral” rating and a $35.00 price objective for the company. Barclays PLC set a $30.00 price objective on OneMain Holdings and gave the stock a “hold” rating in a research report on Friday, August 4th. Zacks Investment Research lowered OneMain Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, ValuEngine lowered OneMain Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday, July 14th. Ten analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. OneMain Holdings currently has a consensus rating of “Hold” and an average target price of $31.29.
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OneMain Holdings 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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