First Trust Advisors LP grew its stake in shares of OneMain Holdings Inc (NYSE:OMF) by 20.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 373,912 shares of the financial services provider’s stock after buying an additional 63,546 shares during the period. First Trust Advisors LP owned 0.27% of OneMain worth $11,872,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of OMF. Nomura Holdings Inc. lifted its holdings in OneMain by 36.5% in the 4th quarter. Nomura Holdings Inc. now owns 40,703 shares of the financial services provider’s stock worth $985,000 after purchasing an additional 10,894 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in OneMain by 236.9% in the 4th quarter. Squarepoint Ops LLC now owns 92,317 shares of the financial services provider’s stock worth $2,242,000 after purchasing an additional 64,915 shares in the last quarter. Marshall Wace North America L.P. purchased a new position in OneMain in the 1st quarter worth approximately $3,604,000. D. E. Shaw & Co. Inc. lifted its holdings in OneMain by 2,064.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 384,170 shares of the financial services provider’s stock worth $9,332,000 after purchasing an additional 366,417 shares in the last quarter. Finally, Highland Capital Management LLC lifted its holdings in OneMain by 42.3% in the 1st quarter. Highland Capital Management LLC now owns 60,581 shares of the financial services provider’s stock worth $1,923,000 after purchasing an additional 18,015 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts recently commented on OMF shares. Wedbush reissued an “outperform” rating and issued a $124.00 price target on shares of New Relic in a report on Wednesday, May 15th. Northland Securities started coverage on Enphase Energy in a report on Wednesday, June 26th. They set an “outperform” rating and a $24.00 price objective on the stock. Zacks Investment Research cut Zafgen from a “buy” rating to a “hold” rating in a report on Saturday. Finally, JPMorgan Chase & Co. set a €50.00 ($58.14) target price on Brenntag and gave the company a “buy” rating in a research report on Tuesday. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $40.38.
OneMain (NYSE:OMF) last released its earnings results on Monday, April 29th. The financial services provider reported $1.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.05. The firm had revenue of $720.00 million for the quarter, compared to the consensus estimate of $735.94 million. OneMain had a return on equity of 19.22% and a net margin of 11.73%. During the same quarter in the previous year, the company posted $1.18 EPS. Equities analysts expect that OneMain Holdings Inc will post 5.69 earnings per share for the current fiscal year.
OneMain Company Profile
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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