OneMain Holdings Inc (OMF) Director Fortress Investment Group Llc Sells 7,500,000 Shares
OneMain Holdings Inc (NYSE:OMF) Director Fortress Investment Group Llc sold 7,500,000 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $25.10, for a total value of $188,250,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
OneMain Holdings Inc (OMF) opened at $25.55 on Tuesday. OneMain Holdings Inc has a 52-week low of $21.50 and a 52-week high of $33.39. The stock has a market capitalization of $3,451.40, a P/E ratio of 7.77, a price-to-earnings-growth ratio of 1.45 and a beta of 2.72.
OneMain (NYSE:OMF) last released its earnings results on Wednesday, November 1st. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($0.14). OneMain had a return on equity of 14.15% and a net margin of 4.85%. The business had revenue of $808.00 million for the quarter, compared to analyst estimates of $800.50 million. During the same quarter in the previous year, the firm posted $0.90 EPS. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. research analysts expect that OneMain Holdings Inc will post 3.52 earnings per share for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its holdings in shares of OneMain by 103.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,336 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 2,200 shares during the period. SG Americas Securities LLC acquired a new stake in shares of OneMain in the 3rd quarter worth approximately $119,000. Cubist Systematic Strategies LLC acquired a new stake in shares of OneMain in the 2nd quarter worth approximately $132,000. Pacer Advisors Inc. grew its holdings in shares of OneMain 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 acquiring an additional 779 shares during the period. Finally, Virginia Retirement Systems ET AL acquired a new stake in shares of OneMain in the 3rd quarter worth approximately $206,000. Institutional investors own 95.85% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “OneMain Holdings Inc (OMF) Director Fortress Investment Group Llc Sells 7,500,000 Shares” was first posted by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/onemain-holdings-inc-omf-director-fortress-investment-group-llc-sells-7500000-shares/1772219.html.
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.
Receive News & Ratings for OneMain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OneMain and related companies with MarketBeat.com's FREE daily email newsletter.