Tributary Capital Management LLC trimmed its stake in OneMain Holdings Inc (NYSE:OMF) by 4.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,200 shares of the financial services provider’s stock after selling 1,700 shares during the period. Tributary Capital Management LLC’s holdings in OneMain were worth $1,284,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Apollo Management Holdings L.P. acquired a new stake in shares of OneMain during the 2nd quarter valued at about $1,828,869,000. Millennium Management LLC boosted its position in shares of OneMain by 529.9% during the 1st quarter. Millennium Management LLC now owns 594,326 shares of the financial services provider’s stock valued at $17,794,000 after acquiring an additional 499,968 shares in the last quarter. BlackRock Inc. boosted its position in shares of OneMain by 11.4% during the 1st quarter. BlackRock Inc. now owns 3,123,361 shares of the financial services provider’s stock valued at $93,513,000 after acquiring an additional 318,833 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of OneMain by 7.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,992,762 shares of the financial services provider’s stock valued at $99,631,000 after acquiring an additional 197,761 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its position in shares of OneMain by 347.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 230,300 shares of the financial services provider’s stock valued at $7,667,000 after acquiring an additional 178,800 shares in the last quarter. Institutional investors own 91.26% of the company’s stock.
Several analysts have recently weighed in on OMF shares. Zacks Investment Research upgraded shares of OneMain from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Tuesday, August 7th. Barclays set a $39.00 target price on shares of OneMain and gave the company an “equal weight” rating in a research report on Friday, July 20th. BMO Capital Markets lifted their target price on shares of OneMain from $41.00 to $43.00 and gave the company an “outperform” rating in a research report on Wednesday, August 1st. Finally, ValuEngine lowered shares of OneMain from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $37.75.
NYSE:OMF opened at $29.82 on Friday. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 7.05, a PEG ratio of 0.82 and a beta of 2.70. OneMain Holdings Inc has a 12 month low of $23.68 and a 12 month high of $37.29.
OneMain (NYSE:OMF) last released its quarterly earnings results on Monday, July 30th. The financial services provider reported $1.18 EPS for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.04. The firm had revenue of $685.00 million for the quarter, compared to analyst estimates of $676.82 million. OneMain had a net margin of 6.41% and a return on equity of 17.55%. During the same period in the previous year, the business earned $0.81 earnings per share. Equities research analysts predict that OneMain Holdings Inc will post 4.96 EPS for the current year.
OneMain Holdings, Inc, through its subsidiaries, provides consumer finance and insurance products and services. The company operates in two segments, Consumer and Insurance, and Acquisitions and Servicing. It provides secured and unsecured personal loans; credit insurance products, such as life, disability, and involuntary unemployment insurance products; non-credit insurance; and auto membership plans, as well as retail sales finance services.
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