Public Employees Retirement System of Ohio increased its stake in shares of OneMain Holdings Inc (NYSE:OMF) by 197.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 52,423 shares of the financial services provider’s stock after buying an additional 34,792 shares during the period. Public Employees Retirement System of Ohio’s holdings in OneMain were worth $1,478,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in OneMain by 103.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,336 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 2,200 shares in the last quarter. SG Americas Securities LLC acquired a new stake in OneMain in the 3rd quarter worth about $119,000. Cubist Systematic Strategies LLC acquired a new stake in OneMain in the 2nd quarter worth about $132,000. Pacer Advisors Inc. raised its stake in OneMain by 12.0% in the 2nd quarter. Pacer Advisors Inc. now owns 7,261 shares of the financial services provider’s stock worth $179,000 after purchasing an additional 779 shares in the last quarter. Finally, Virginia Retirement Systems ET AL acquired a new position in shares of OneMain in the 3rd quarter valued at approximately $206,000. 95.81% of the stock is owned by institutional investors and hedge funds.
Shares of OneMain Holdings Inc (NYSE OMF) opened at $34.40 on Friday. OneMain Holdings Inc has a 1-year low of $21.56 and a 1-year high of $34.71. The firm has a market cap of $4,660.00, a P/E ratio of 27.30, a price-to-earnings-growth ratio of 1.28 and a beta of 2.72.
In other news, Director Wesley R. Edens sold 10,000,000 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $26.00, for a total value of $260,000,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Fortress Investment Group Llc sold 7,500,000 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $25.10, for a total transaction of $188,250,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,500,000 shares of company stock worth $474,250,000. Insiders own 57.73% of the company’s stock.
Several equities analysts have recently commented on the stock. Bank of America upgraded shares of OneMain from a “neutral” rating to a “buy” rating and set a $41.00 target price for the company in a research report on Thursday. Compass Point upgraded shares of OneMain from a “neutral” rating to a “buy” rating in a research report on Thursday. ValuEngine upgraded shares of OneMain from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Barclays restated a “hold” rating and issued a $35.00 target price on shares of OneMain in a research report on Wednesday, December 13th. Finally, BMO Capital Markets boosted their target price on shares of OneMain from $31.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $33.31.
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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