Raymond James Financial Services Advisors Inc. Has $987,000 Position in OneMain Holdings, Inc. (OMF)
Raymond James Financial Services Advisors Inc. trimmed its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 6.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,009 shares of the financial services provider’s stock after selling 2,300 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in OneMain were worth $987,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. First Trust Advisors LP grew its stake in OneMain by 32.9% during the 3rd quarter. First Trust Advisors LP now owns 627,036 shares of the financial services provider’s stock worth $17,676,000 after purchasing an additional 155,182 shares in the last quarter. Northpointe Capital LLC acquired a new position in shares of OneMain during the 3rd quarter worth about $2,395,000. Tributary Capital Management LLC acquired a new position in shares of OneMain during the 3rd quarter worth about $1,068,000. Phocas Financial Corp. boosted its position in shares of OneMain by 4.5% during the 2nd quarter. Phocas Financial Corp. now owns 192,457 shares of the financial services provider’s stock worth $4,733,000 after acquiring an additional 8,330 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in shares of OneMain by 35.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 17,631 shares of the financial services provider’s stock worth $434,000 after acquiring an additional 4,650 shares in the last quarter. 95.25% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently issued reports on OMF shares. ValuEngine raised OneMain from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Compass Point cut OneMain from a “buy” rating to a “neutral” rating and set a $31.00 price objective for the company. in a research report on Friday, November 3rd. BMO Capital Markets reaffirmed a “buy” rating on shares of OneMain in a research report on Monday, November 6th. Bank of America cut OneMain from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 8th. Finally, Zacks Investment Research raised OneMain from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $32.21.
Shares of OneMain Holdings, Inc. (OMF) traded up $0.28 during midday trading on Friday, hitting $26.09. The company had a trading volume of 1,885,894 shares, compared to its average volume of 1,197,329. The firm has a market cap of $3,530.13, a PE ratio of 7.95, a PEG ratio of 1.48 and a beta of 2.74. OneMain Holdings, Inc. has a 1 year low of $20.14 and a 1 year high of $33.39.
OneMain (NYSE:OMF) last announced its earnings results on Wednesday, November 1st. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.14). The firm had revenue of $808.00 million during 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 firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $0.90 earnings per share. research analysts predict that OneMain Holdings, Inc. will post 3.52 earnings per share for the current fiscal year.
In related news, Director Wesley R. Edens sold 10,000,000 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $26.00, for a total value of $260,000,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 57.73% of the stock is owned by corporate insiders.
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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