Dynamic Technology Lab Private Ltd bought a new position in OneMain Holdings, Inc. (NYSE:OMF) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 37,260 shares of the financial services provider’s stock, valued at approximately $1,050,000.
Several other institutional investors and hedge funds also recently modified their holdings of the company. FMR LLC boosted its stake in shares of OneMain by 7.9% in the second quarter. FMR LLC now owns 10,776,907 shares of the financial services provider’s stock worth $265,004,000 after buying an additional 789,858 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of OneMain by 4.1% in the second quarter. Vanguard Group Inc. now owns 4,401,256 shares of the financial services provider’s stock worth $108,227,000 after buying an additional 172,224 shares during the last quarter. Brandywine Global Investment Management LLC boosted its stake in shares of OneMain by 6.8% in the second quarter. Brandywine Global Investment Management LLC now owns 1,612,038 shares of the financial services provider’s stock worth $39,641,000 after buying an additional 102,652 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of OneMain by 77.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,544,127 shares of the financial services provider’s stock worth $37,971,000 after buying an additional 676,203 shares during the last quarter. Finally, Wedge Capital Management L L P NC raised its holdings in OneMain by 1.3% in the 2nd quarter. Wedge Capital Management L L P NC now owns 911,867 shares of the financial services provider’s stock worth $22,423,000 after purchasing an additional 11,970 shares during the period. Hedge funds and other institutional investors own 95.85% of the company’s stock.
In other OneMain news, Director Wesley R. Edens sold 10,000,000 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $26.00, for a total transaction of $260,000,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 57.73% of the stock is owned by corporate insiders.
OMF has been the subject of a number of analyst reports. Citigroup initiated coverage on OneMain in a report on Monday, October 16th. They issued a “neutral” rating and a $35.00 price target for the company. Bank of America set a $35.00 price target on OneMain and gave the stock a “buy” rating in a report on Friday, October 13th. Zacks Investment Research raised OneMain from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Northland Securities reaffirmed a “hold” rating and issued a $35.00 price target on shares of OneMain in a report on Friday, November 3rd. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of OneMain in a report on Monday, November 6th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $32.21.
Shares of OneMain Holdings, Inc. (NYSE OMF) traded up $1.04 during trading on Thursday, hitting $26.43. The company’s stock had a trading volume of 1,011,440 shares, compared to its average volume of 649,132. OneMain Holdings, Inc. has a fifty-two week low of $21.35 and a fifty-two week high of $33.39. The firm has a market capitalization of $3,434.07, a PE ratio of 7.74, a P/E/G ratio of 1.44 and a beta of 2.72.
OneMain (NYSE:OMF) last announced its earnings results on Wednesday, November 1st. The financial services provider reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.14). OneMain had a net margin of 4.85% and a return on equity of 14.15%. The firm had revenue of $808.00 million for the quarter, compared to analyst estimates of $800.50 million. During the same period in the previous year, the company earned $0.90 EPS. OneMain’s revenue was up 4.9% compared to the same quarter last year. research analysts anticipate that OneMain Holdings, Inc. will post 3.52 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION WARNING: “Dynamic Technology Lab Private Ltd Takes Position in OneMain Holdings, Inc. (NYSE:OMF)” was posted by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.thelincolnianonline.com/2017/12/07/dynamic-technology-lab-private-ltd-purchases-new-position-in-onemain-holdings-inc-omf-updated-updated.html.
OneMain 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.
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 MarketBeat.com's FREE daily email newsletter.