Point72 Asset Management L.P. increased its holdings in OneMain Holdings Inc (NYSE:OMF) by 347.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 230,300 shares of the financial services provider’s stock after buying an additional 178,800 shares during the quarter. Point72 Asset Management L.P. owned about 0.17% of OneMain worth $7,667,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. James Investment Research Inc. acquired a new stake in OneMain in the second quarter worth approximately $2,348,000. State of Alaska Department of Revenue lifted its position in OneMain by 41.5% in the second quarter. State of Alaska Department of Revenue now owns 7,780 shares of the financial services provider’s stock worth $258,000 after purchasing an additional 2,280 shares during the period. Maltese Capital Management LLC acquired a new stake in OneMain in the second quarter worth approximately $2,830,000. Monarch Partners Asset Management LLC lifted its position in OneMain by 85.3% in the second quarter. Monarch Partners Asset Management LLC now owns 353,225 shares of the financial services provider’s stock worth $11,759,000 after purchasing an additional 162,610 shares during the period. Finally, Mackay Shields LLC lifted its position in OneMain by 105.4% in the second quarter. Mackay Shields LLC now owns 84,525 shares of the financial services provider’s stock worth $2,814,000 after purchasing an additional 43,383 shares during the period. 91.30% of the stock is owned by institutional investors and hedge funds.

In other news, Director Fortress Investment Group Llc sold 54,937,500 shares of the stock in a transaction on Monday, June 25th. The stock was sold at an average price of $26.00, for a total transaction of $1,428,375,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Michael A. Hedlund sold 2,500 shares of the stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $35.41, for a total value of $88,525.00. Following the sale, the senior vice president now owns 7,644 shares of the company’s stock, valued at approximately $270,674.04. The disclosure for this sale can be found here. 43.93% of the stock is currently owned by corporate insiders.

A number of research firms have weighed in on OMF. Zacks Investment Research upgraded OneMain from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Tuesday, August 7th. Barclays upped their target price on OneMain from $39.00 to $40.00 and gave the stock a “hold” rating in a research report on Wednesday, August 1st. BMO Capital Markets upped their target price on OneMain from $41.00 to $43.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 1st. Finally, ValuEngine downgraded OneMain from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $37.75.

Shares of NYSE:OMF opened at $34.37 on Monday. OneMain Holdings Inc has a one year low of $23.68 and a one year high of $37.29. The firm has a market cap of $4.62 billion, a PE ratio of 9.71, a P/E/G ratio of 0.91 and a beta of 2.69.

OneMain (NYSE:OMF) last announced its quarterly earnings data on Monday, July 30th. The financial services provider reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. OneMain had a return on equity of 17.55% and a net margin of 6.41%. The company had revenue of $685.00 million during the quarter, compared to the consensus estimate of $676.82 million. During the same quarter in the prior year, the firm earned $0.81 EPS. sell-side analysts forecast that OneMain Holdings Inc will post 4.97 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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Institutional Ownership by Quarter for OneMain (NYSE:OMF)

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