Dynamic Technology Lab Private Ltd Takes Position in OneMain Holdings, Inc. (NYSE:OMF)

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.

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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.

Institutional Ownership by Quarter for OneMain (NYSE:OMF)

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