Sippican Capital Advisors decreased its stake in shares of OneMain Holdings Inc (NYSE:OMF) by 4.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,024 shares of the financial services provider’s stock after selling 1,380 shares during the period. Sippican Capital Advisors’ holdings in OneMain were worth $953,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. First Hawaiian Bank acquired a new position in OneMain in the fourth quarter valued at approximately $25,000. Global Retirement Partners LLC boosted its stake in OneMain by 96.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,075 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 528 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in OneMain in the fourth quarter valued at $37,000. Meeder Asset Management Inc. boosted its stake in OneMain by 36.7% in the fourth quarter. Meeder Asset Management Inc. now owns 2,142 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 575 shares in the last quarter. Finally, Quantamental Technologies LLC acquired a new position in OneMain in the fourth quarter valued at $100,000. Institutional investors and hedge funds own 93.42% of the company’s stock.
Several analysts have recently commented on OMF shares. Zacks Investment Research upgraded shares of OneMain from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Wednesday, December 19th. ValuEngine raised shares of OneMain from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 2nd. JPMorgan Chase & Co. raised shares of OneMain from an “underweight” rating to a “neutral” rating and cut their target price for the company from $34.50 to $32.00 in a research note on Wednesday, January 16th. JMP Securities raised their target price on shares of OneMain from $39.00 to $44.00 and gave the company a “market outperform” rating in a research note on Wednesday, February 13th. Finally, BMO Capital Markets raised their target price on shares of OneMain from $43.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, February 13th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $39.14.
Shares of NYSE OMF traded up $0.21 during midday trading on Wednesday, hitting $33.90. The company’s stock had a trading volume of 12,474 shares, compared to its average volume of 454,584. OneMain Holdings Inc has a 1-year low of $22.47 and a 1-year high of $37.29. The firm has a market capitalization of $4.58 billion, a PE ratio of 6.70, a price-to-earnings-growth ratio of 0.58 and a beta of 2.51.
OneMain (NYSE:OMF) last posted its earnings results on Monday, February 11th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The firm had revenue of $882.00 million during the quarter, compared to analyst estimates of $730.46 million. OneMain had a net margin of 11.30% and a return on equity of 19.23%. Equities research analysts expect that OneMain Holdings Inc will post 5.67 earnings per share for the current year.
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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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