Sippican Capital Advisors Grows Holdings in OneMain Holdings Inc (OMF)

Sippican Capital Advisors raised its stake in shares of OneMain Holdings Inc (NYSE:OMF) by 7.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,772 shares of the financial services provider’s stock after purchasing an additional 2,507 shares during the period. Sippican Capital Advisors’ holdings in OneMain were worth $930,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Phocas Financial Corp. lifted its holdings in shares of OneMain by 4.5% in the 2nd quarter. Phocas Financial Corp. now owns 192,457 shares of the financial services provider’s stock valued at $4,733,000 after acquiring an additional 8,330 shares during the last quarter. Tributary Capital Management LLC bought a new position in shares of OneMain in the 3rd quarter valued at about $1,068,000. Prudential Financial Inc. bought a new position in shares of OneMain in the 3rd quarter valued at about $583,000. HL Financial Services LLC lifted its holdings in shares of OneMain by 65.4% in the 3rd quarter. HL Financial Services LLC now owns 55,400 shares of the financial services provider’s stock valued at $1,562,000 after acquiring an additional 21,900 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of OneMain by 77.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,544,127 shares of the financial services provider’s stock valued at $37,971,000 after acquiring an additional 676,203 shares during the last quarter. 95.83% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently commented on OMF. JPMorgan Chase & Co. downgraded shares of OneMain from a “neutral” rating to an “underweight” rating and set a $25.00 price target for the company. in a report on Friday, January 12th. Jefferies Group reaffirmed a “buy” rating and issued a $48.00 price target on shares of OneMain in a report on Thursday, January 11th. Zacks Investment Research raised shares of OneMain from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. Bank of America raised shares of OneMain from a “neutral” rating to a “buy” rating and set a $41.00 price target for the company in a report on Thursday, January 4th. Finally, Compass Point raised shares of OneMain from a “neutral” rating to a “buy” rating in a report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $34.00.

In other news, Director Wesley R. Edens sold 10,000,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $26.00, for a total transaction of $260,000,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Fortress Investment Group Llc sold 7,500,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was 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. Insiders sold a total of 18,500,000 shares of company stock worth $474,250,000 over the last three months. 57.73% of the stock is currently owned by corporate insiders.

OneMain Holdings Inc (NYSE OMF) traded down $0.02 during trading on Wednesday, reaching $33.57. 431,270 shares of the company were exchanged, compared to its average volume of 1,734,040. OneMain Holdings Inc has a 12 month low of $21.56 and a 12 month high of $35.11. The stock has a market cap of $4,612.71, a price-to-earnings ratio of 26.64, a P/E/G ratio of 1.56 and a beta of 2.72.

OneMain (NYSE:OMF) last posted its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $0.91 earnings per share for the quarter, missing the Zacks’ 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 firm had revenue of $808.00 million during the quarter, compared to analysts’ expectations of $800.50 million. During the same period last year, the company earned $0.90 earnings per share. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. equities research analysts forecast that OneMain Holdings Inc will post 3.52 EPS for the current fiscal year.

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OneMain 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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