Stifel Financial Corp Raises Holdings in OneMain Holdings, Inc. (OMF)
Stifel Financial Corp boosted its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 5.1% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 11,175 shares of the financial services provider’s stock after acquiring an additional 547 shares during the quarter. Stifel Financial Corp’s holdings in OneMain Holdings were worth $275,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Brandywine Global Investment Management LLC lifted its position in OneMain Holdings by 6.8% during the 2nd quarter. Brandywine Global Investment Management LLC now owns 1,612,038 shares of the financial services provider’s stock worth $39,641,000 after acquiring an additional 102,652 shares during the period. Gruss Capital Management LP acquired a new stake in OneMain Holdings during the 2nd quarter worth about $17,483,000. OxFORD Asset Management LLP acquired a new stake in OneMain Holdings during the 2nd quarter worth about $1,423,000. Dimensional Fund Advisors LP lifted 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. Finally, Teachers Retirement System of The State of Kentucky lifted its position in OneMain Holdings by 23.3% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 21,583 shares of the financial services provider’s stock worth $531,000 after acquiring an additional 4,083 shares during the period. 95.81% of the stock is owned by institutional investors.
A number of brokerages have commented on OMF. Zacks Investment Research raised OneMain Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Bank of America Corporation set a $35.00 price target on OneMain Holdings and gave the stock a “buy” rating in a research report on Friday, October 13th. DA Davidson reaffirmed a “buy” rating and set a $31.00 price target on shares of OneMain Holdings in a research report on Tuesday, July 18th. Northland Securities reaffirmed a “hold” rating and set a $35.00 price target on shares of OneMain Holdings in a research report on Friday. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $28.00 price target on shares of OneMain Holdings in a research report on Friday, July 14th. Ten research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $31.29.
OneMain Holdings, Inc. (NYSE OMF) opened at $32.14 on Friday. The firm has a market capitalization of $4,348.61, a PE ratio of 9.80 and a beta of 2.87. OneMain Holdings, Inc. has a 52 week low of $16.03 and a 52 week high of $33.39.
OneMain Holdings (NYSE:OMF) last released 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). The company had revenue of $808.00 million for the quarter, compared to analysts’ expectations of $800.50 million. OneMain Holdings had a net margin of 4.85% and a return on equity of 14.28%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.90 EPS. analysts expect that OneMain Holdings, Inc. will post 3.68 earnings per share for the current year.
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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.
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