Second Curve Capital LLC cut its holdings in shares of OneMain Holdings Inc (NYSE:OMF) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 625,953 shares of the financial services provider’s stock after selling 8,000 shares during the quarter. OneMain comprises approximately 6.4% of Second Curve Capital LLC’s investment portfolio, making the stock its 7th biggest position. Second Curve Capital LLC owned 0.46% of OneMain worth $16,268,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in OneMain in the 3rd quarter valued at about $119,000. Cubist Systematic Strategies LLC purchased a new position in OneMain during the 2nd quarter worth approximately $132,000. State of Alaska Department of Revenue purchased a new position in shares of OneMain in the 4th quarter valued at approximately $142,000. Virginia Retirement Systems ET AL purchased a new position in shares of OneMain in the 3rd quarter valued at approximately $206,000. Finally, Quantitative Systematic Strategies LLC purchased a new position in shares of OneMain in the 4th quarter valued at approximately $251,000. Institutional investors and hedge funds own 94.34% of the company’s stock.
Shares of OneMain Holdings Inc (NYSE OMF) traded down $0.35 during trading on Wednesday, hitting $31.22. The stock had a trading volume of 416,204 shares, compared to its average volume of 979,277. OneMain Holdings Inc has a fifty-two week low of $22.04 and a fifty-two week high of $36.32. The firm has a market cap of $4,260.00, a PE ratio of 16.27, a price-to-earnings-growth ratio of 1.31 and a beta of 2.79.
OneMain (NYSE:OMF) last issued its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.01. The business had revenue of $799.00 million during the quarter, compared to analyst estimates of $798.70 million. OneMain had a return on equity of 15.04% and a net margin of 5.06%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.80 EPS. equities research analysts predict that OneMain Holdings Inc will post 4.91 earnings per share for the current fiscal year.
In other news, Director Fortress Investment Group Llc sold 7,500,000 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $25.10, for a total transaction of $188,250,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 57.73% of the stock is currently owned by corporate insiders.
A number of research firms recently weighed in on OMF. JPMorgan Chase & Co. downgraded OneMain from a “neutral” rating to an “underweight” rating and set a $25.00 price target on the stock. in a research note on Friday, January 12th. Zacks Investment Research raised OneMain from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. Jefferies Group reaffirmed a “buy” rating and set a $48.00 price objective on shares of OneMain in a report on Thursday, January 11th. Janney Montgomery Scott raised OneMain from a “neutral” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Barclays reaffirmed a “hold” rating and issued a $35.00 price objective on shares of OneMain in a research report on Wednesday, December 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $34.58.
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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.
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