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.