OneMain Holdings, Inc. (OMF) Holdings Boosted by Gruss Capital Management LP

Gruss Capital Management LP raised its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 37.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 975,000 shares of the financial services provider’s stock after acquiring an additional 264,000 shares during the period. OneMain comprises approximately 2.4% of Gruss Capital Management LP’s investment portfolio, making the stock its 11th largest holding. Gruss Capital Management LP owned 0.72% of OneMain worth $27,485,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of OneMain by 22.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,888,253 shares of the financial services provider’s stock valued at $53,231,000 after purchasing an additional 344,126 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of OneMain by 50.5% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 362,170 shares of the financial services provider’s stock valued at $10,210,000 after purchasing an additional 121,470 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of OneMain by 35.3% during the 3rd quarter. Wells Fargo & Company MN now owns 51,290 shares of the financial services provider’s stock valued at $1,446,000 after purchasing an additional 13,376 shares during the last quarter. Virginia Retirement Systems ET AL purchased a new stake in shares of OneMain during the 3rd quarter valued at $206,000. Finally, Legal & General Group Plc increased its position in shares of OneMain by 1,398.0% during the 3rd quarter. Legal & General Group Plc now owns 37,166 shares of the financial services provider’s stock valued at $1,048,000 after purchasing an additional 34,685 shares during the last quarter. 95.85% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on OMF. Bank of America lowered OneMain from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 8th. ValuEngine lowered OneMain from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. BMO Capital Markets reissued a “buy” rating on shares of OneMain in a report on Monday, November 6th. Northland Securities reissued a “hold” rating and issued a $35.00 price objective on shares of OneMain in a report on Friday, November 3rd. Finally, Compass Point lowered OneMain from a “buy” rating to a “neutral” rating and set a $31.00 price objective for the company. in a report on Friday, November 3rd. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $32.21.

Shares of OneMain Holdings, Inc. (NYSE OMF) traded up $0.01 during midday trading on Thursday, reaching $25.39. The company’s stock had a trading volume of 909,600 shares, compared to its average volume of 647,590. OneMain Holdings, Inc. has a fifty-two week low of $21.35 and a fifty-two week high of $33.39. The company has a market cap of $3,434.07, a P/E ratio of 7.74, a P/E/G ratio of 1.44 and a beta of 2.72.

OneMain (NYSE:OMF) last issued its earnings results on Wednesday, November 1st. The financial services provider reported $0.91 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.14). OneMain had a return on equity of 14.15% and a net margin of 4.85%. The company had revenue of $808.00 million during the quarter, compared to the consensus estimate of $800.50 million. During the same quarter in the prior year, the business earned $0.90 EPS. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. sell-side analysts predict that OneMain Holdings, Inc. will post 3.52 EPS for the current fiscal year.

In other OneMain news, Director Wesley R. Edens sold 10,000,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $26.00, for a total value of $260,000,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 57.73% of the stock is owned by company insiders.

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OneMain Company Profile

OneMain Holdings, Inc is a financial services holding company. The Company is a consumer finance company, which is engaged in providing personal loan products; credit and non-credit insurance, and service loans owned by it and service or subservice loans owned by third-parties. The Company’s segments include Consumer and Insurance; Acquisitions and Servicing; Real Estate, and Other.

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Institutional Ownership by Quarter for OneMain (NYSE:OMF)

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