Hsbc Holdings PLC purchased a new stake in OneMain Holdings Inc (NYSE:OMF) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,910 shares of the financial services provider’s stock, valued at approximately $207,000.
Other large investors have also recently added to or reduced their stakes in the company. Gruss Capital Management LP boosted its stake in OneMain by 19.5% during the fourth quarter. Gruss Capital Management LP now owns 1,165,000 shares of the financial services provider’s stock worth $30,278,000 after buying an additional 190,000 shares in the last quarter. Eaton Vance Management boosted its stake in shares of OneMain by 62.0% in the 4th quarter. Eaton Vance Management now owns 1,550,833 shares of the financial services provider’s stock valued at $40,306,000 after purchasing an additional 593,268 shares in the last quarter. HBK Investments L P acquired a new stake in shares of OneMain in the 4th quarter valued at $528,000. Swiss National Bank boosted its stake in shares of OneMain by 25.8% in the 4th quarter. Swiss National Bank now owns 125,500 shares of the financial services provider’s stock valued at $3,262,000 after purchasing an additional 25,700 shares in the last quarter. Finally, Basswood Capital Management L.L.C. lifted its position in OneMain by 62.9% during the 4th quarter. Basswood Capital Management L.L.C. now owns 2,765,855 shares of the financial services provider’s stock worth $71,885,000 after buying an additional 1,068,203 shares in the last quarter. 92.09% of the stock is currently owned by institutional investors.
OMF opened at $33.29 on Friday. The firm has a market capitalization of $4.54 billion, a P/E ratio of 9.40, a price-to-earnings-growth ratio of 0.91 and a beta of 2.74. OneMain Holdings Inc has a 1-year low of $23.68 and a 1-year high of $36.32.
OneMain (NYSE:OMF) last released its quarterly earnings data on Wednesday, May 2nd. The financial services provider reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.05. The business had revenue of $662.00 million for the quarter, compared to analyst estimates of $667.57 million. OneMain had a return on equity of 16.47% and a net margin of 7.37%. During the same period last year, the firm posted $0.25 earnings per share. equities analysts expect that OneMain Holdings Inc will post 4.88 earnings per share for the current year.
OMF has been the topic of several research reports. UBS Group initiated coverage on shares of OneMain in a research report on Tuesday, March 27th. They set a “buy” rating and a $40.00 price target on the stock. Citigroup raised OneMain from a “neutral” rating to a “buy” rating and set a $35.00 price objective for the company in a report on Friday, April 20th. Zacks Investment Research cut OneMain from a “buy” rating to a “hold” rating in a report on Thursday, March 15th. ValuEngine cut OneMain from a “buy” rating to a “hold” rating in a research note on Saturday, June 2nd. Finally, Wells Fargo & Co started coverage on OneMain in a research note on Wednesday, April 4th. They issued an “outperform” rating and a $38.00 price target for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. OneMain currently has a consensus rating of “Buy” and a consensus price target of $35.33.
In other news, Director Fortress Investment Group Llc sold 54,937,500 shares of OneMain stock in a transaction dated Monday, June 25th. The stock was sold at an average price of $26.00, for a total transaction of $1,428,375,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 43.93% of the company’s stock.
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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