OneMain Holdings, Inc. (OMF) Position Lowered by California State Teachers Retirement System

California State Teachers Retirement System trimmed its stake in OneMain Holdings, Inc. (NYSE:OMF) by 9.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,124 shares of the financial services provider’s stock after selling 10,140 shares during the period. California State Teachers Retirement System owned approximately 0.07% of OneMain Holdings worth $2,413,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC boosted its stake in OneMain Holdings by 7.9% during the 2nd quarter. FMR LLC now owns 10,776,907 shares of the financial services provider’s stock worth $265,004,000 after purchasing an additional 789,858 shares during the period. Gruss Capital Management LP acquired a new stake in OneMain Holdings during the 2nd quarter worth $17,483,000. Dimensional Fund Advisors LP boosted its stake 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 purchasing an additional 676,203 shares during the period. American Century Companies Inc. boosted its stake in OneMain Holdings by 73.5% during the 2nd quarter. American Century Companies Inc. now owns 654,916 shares of the financial services provider’s stock worth $16,104,000 after purchasing an additional 277,433 shares during the period. Finally, Vanguard Group Inc. boosted its stake in OneMain Holdings by 4.8% during the 1st quarter. Vanguard Group Inc. now owns 4,229,032 shares of the financial services provider’s stock worth $105,091,000 after purchasing an additional 191,932 shares during the period. 95.85% of the stock is currently owned by hedge funds and other institutional investors.

Shares of OneMain Holdings, Inc. (OMF) opened at $24.98 on Monday. OneMain Holdings, Inc. has a 52 week low of $18.23 and a 52 week high of $33.39. The company has a market cap of $3,379.95, a PE ratio of 7.62, a P/E/G ratio of 1.42 and a beta of 2.87.

OneMain Holdings (NYSE:OMF) last posted its earnings results on Wednesday, November 1st. The financial services provider reported $0.91 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($0.14). OneMain Holdings had a net margin of 4.85% and a return on equity of 14.15%. The business had revenue of $808.00 million for the quarter, compared to analysts’ expectations of $800.50 million. During the same quarter last year, the business posted $0.90 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. research analysts expect that OneMain Holdings, Inc. will post 3.52 earnings per share for the current fiscal year.

A number of brokerages recently weighed in on OMF. Bank of America Corporation cut shares of OneMain Holdings from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 8th. ValuEngine cut shares of OneMain Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. BMO Capital Markets restated a “buy” rating on shares of OneMain Holdings in a research note on Monday, November 6th. Northland Securities restated a “hold” rating and issued a $35.00 target price on shares of OneMain Holdings in a research note on Friday, November 3rd. Finally, Compass Point cut shares of OneMain Holdings from a “buy” rating to a “neutral” rating and set a $31.00 target price for the company. in a research note on Friday, November 3rd. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. OneMain Holdings has an average rating of “Hold” and an average target price of $32.21.

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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.

Institutional Ownership by Quarter for OneMain Holdings (NYSE:OMF)

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