Point72 Asset Management L.P. Raises Position in OneMain Holdings Inc (OMF)
Point72 Asset Management L.P. boosted its stake in OneMain Holdings Inc (NYSE:OMF) by 1,353.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 303,700 shares of the financial services provider’s stock after purchasing an additional 282,800 shares during the period. Point72 Asset Management L.P. owned about 0.22% of OneMain worth $8,561,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in OneMain in the 3rd quarter valued at approximately $119,000. JPMorgan Chase & Co. lifted its stake in OneMain by 103.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,336 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 2,200 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in OneMain in the 2nd quarter valued at approximately $132,000. Pacer Advisors Inc. lifted its stake in OneMain by 12.0% in the 2nd quarter. Pacer Advisors Inc. now owns 7,261 shares of the financial services provider’s stock valued at $179,000 after purchasing an additional 779 shares during the last quarter. Finally, Virginia Retirement Systems ET AL bought a new position in OneMain in the 3rd quarter valued at approximately $206,000. 95.85% of the stock is owned by institutional investors and hedge funds.
In related news, Director Wesley R. Edens sold 1,000,000 shares of OneMain stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $26.00, for a total transaction of $26,000,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Wesley R. Edens sold 10,000,000 shares of OneMain stock in a transaction on Friday, November 10th. The stock was sold at an average price of $26.00, for a total transaction of $260,000,000.00. The disclosure for this sale can be found here. 57.73% of the stock is currently owned by company insiders.
OneMain Holdings Inc (NYSE:OMF) opened at $25.50 on Friday. The stock has a market cap of $3,451.40, a price-to-earnings ratio of 7.77, a PEG ratio of 1.45 and a beta of 2.72. OneMain Holdings Inc has a 52 week low of $21.50 and a 52 week high of $33.39.
OneMain (NYSE:OMF) last released its quarterly 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). The business had revenue of $808.00 million for the quarter, compared to the consensus estimate of $800.50 million. OneMain had a net margin of 4.85% and a return on equity of 14.15%. OneMain’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.90 EPS. equities analysts predict that OneMain Holdings Inc will post 3.52 earnings per share for the current fiscal year.
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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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