Trading Report: The Virginia Retirement Systems ET AL Takes Position in OneMain Holdings Inc. (OMF)

The Virginia Retirement Systems ET AL Takes Position in OneMain Holdings Inc. (OMF)

Virginia Retirement Systems ET AL bought a new stake in shares of OneMain Holdings Inc. (NYSE:OMF) during the second quarter, according to its most recent filing with the SEC. The fund bought 26,599 shares of the company’s stock, valued at approximately $607,000.

Other institutional investors have also recently bought and sold shares of the company. Omega Advisors Inc. raised its position in OneMain Holdings by 25.3% in the first quarter. Omega Advisors Inc. now owns 3,155,079 shares of the company’s stock valued at $86,544,000 after buying an additional 636,979 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in OneMain Holdings by 1.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,237,791 shares of the company’s stock valued at $33,953,000 after buying an additional 15,348 shares during the period. BlackRock Inc. raised its position in OneMain Holdings by 750.2% in the first quarter. BlackRock Inc. now owns 12,745 shares of the company’s stock valued at $350,000 after buying an additional 11,246 shares during the period. Fox Run Management L.L.C. purchased a new position in OneMain Holdings during the second quarter valued at $322,000. Finally, Seven Eight Capital LLC raised its position in OneMain Holdings by 3,359.6% in the first quarter. Seven Eight Capital LLC now owns 17,298 shares of the company’s stock valued at $474,000 after buying an additional 16,798 shares during the period. 99.17% of the stock is owned by hedge funds and other institutional investors.

Shares of OneMain Holdings Inc. (NYSE:OMF) opened at 31.07 on Wednesday. OneMain Holdings Inc. has a 52 week low of $18.55 and a 52 week high of $51.39. The firm’s 50-day moving average is $30.21 and its 200 day moving average is $28.48. The firm’s market cap is $4.19 billion.

OneMain Holdings (NYSE:OMF) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by $0.04. OneMain Holdings had a negative net margin of 1.70% and a positive return on equity of 17.89%. During the same period in the previous year, the firm posted $0.38 earnings per share. Equities research analysts forecast that OneMain Holdings Inc. will post $4.25 EPS for the current year.

OMF has been the subject of several recent research reports. JPMorgan Chase & Co. initiated coverage on shares of OneMain Holdings in a report on Monday, September 12th. They set an “overweight” rating and a $38.00 target price for the company. Zacks Investment Research lowered shares of OneMain Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 6th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of OneMain Holdings in a report on Friday, August 5th. Barclays PLC reissued an “overweight” rating and issued a $36.00 price target on shares of OneMain Holdings in a research note on Friday, July 15th. Finally, Jefferies Group reissued a “buy” rating and issued a $40.00 price target on shares of OneMain Holdings in a research note on Sunday, July 10th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. OneMain Holdings presently has an average rating of “Buy” and an average target price of $39.67.

OneMain Holdings Company Profile

OneMain Holdings, Inc, formerly Springleaf Holdings, Inc, incorporated on August 5, 2013, is a financial services holding company. The Company provides responsible loan products; offers credit and non-credit insurance; pursues strategic acquisitions of loan portfolios, and pursues acquisitions of companies and/or establish joint ventures.

Related posts

Leave a Comment