Russell Investments Group Ltd. Increases Stake in OneMain Holdings, Inc. (OMF)
Russell Investments Group Ltd. raised its stake in OneMain Holdings, Inc. (NYSE:OMF) by 73.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,052 shares of the financial services provider’s stock after buying an additional 41,531 shares during the period. Russell Investments Group Ltd. owned about 0.07% of OneMain Holdings worth $2,411,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of OMF. Stifel Financial Corp acquired a new stake in OneMain Holdings during the first quarter valued at approximately $264,000. Pacer Advisors Inc. raised its stake in OneMain Holdings by 3.2% in the first quarter. Pacer Advisors Inc. now owns 6,482 shares of the financial services provider’s stock valued at $161,000 after buying an additional 204 shares during the last quarter. HL Financial Services LLC raised its stake in OneMain Holdings by 73.2% in the first quarter. HL Financial Services LLC now owns 16,800 shares of the financial services provider’s stock valued at $417,000 after buying an additional 7,100 shares during the last quarter. Quantitative Investment Management LLC acquired a new stake in OneMain Holdings during the first quarter valued at approximately $2,320,000. Finally, Engineers Gate Manager LP acquired a new stake in OneMain Holdings during the first quarter valued at approximately $1,229,000. 95.68% of the stock is currently owned by institutional investors and hedge funds.
Shares of OneMain Holdings, Inc. (NYSE:OMF) traded up 1.24% on Friday, hitting $27.71. 385,714 shares of the stock traded hands. The stock’s 50 day moving average price is $26.69 and its 200 day moving average price is $25.19. The stock has a market cap of $3.75 billion, a P/E ratio of 29.76 and a beta of 2.84. OneMain Holdings, Inc. has a 52-week low of $16.03 and a 52-week high of $32.28.
OneMain Holdings (NYSE:OMF) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by $0.08. OneMain Holdings had a net margin of 3.63% and a return on equity of 14.31%. The firm had revenue of $569 million during the quarter, compared to the consensus estimate of $631.92 million. During the same quarter in the prior year, the business posted $0.96 earnings per share. On average, equities analysts expect that OneMain Holdings, Inc. will post $3.76 EPS for the current fiscal year.
TRADEMARK VIOLATION WARNING: This news story was originally posted by Watch List News and is owned by of Watch List News. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international trademark and copyright law. The legal version of this news story can be accessed at https://www.watchlistnews.com/russell-investments-group-ltd-increases-stake-in-onemain-holdings-inc-omf/1538447.html.
Several equities research analysts recently commented on the stock. ValuEngine lowered shares of OneMain Holdings from a “buy” rating to a “hold” rating in a research note on Friday. Jefferies Group LLC reissued a “buy” rating and set a $39.00 price objective (up previously from $30.00) on shares of OneMain Holdings in a research note on Wednesday, August 9th. Barclays PLC set a $30.00 price objective on shares of OneMain Holdings and gave the stock a “hold” rating in a research note on Friday, August 4th. Zacks Investment Research lowered shares of OneMain Holdings from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Finally, Northland Securities reissued a “hold” rating and set a $30.00 price objective on shares of OneMain Holdings in a research note on Friday, August 4th. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. OneMain Holdings has a consensus rating of “Hold” and a consensus target price of $29.53.
OneMain Holdings 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.
Want to see what other hedge funds are holding OMF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for OneMain Holdings, Inc. (NYSE:OMF).
Receive News & Ratings for OneMain Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OneMain Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.