Wedge Capital Management L L P NC Sells 17,353 Shares of OneMain Holdings Inc (NYSE:OMF)

Wedge Capital Management L L P NC decreased its position in OneMain Holdings Inc (NYSE:OMF) by 2.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 655,724 shares of the financial services provider’s stock after selling 17,353 shares during the quarter. Wedge Capital Management L L P NC’s holdings in OneMain were worth $22,170,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in OMF. Global Retirement Partners LLC lifted its position in OneMain by 33.0% in the 1st quarter. Global Retirement Partners LLC now owns 1,430 shares of the financial services provider’s stock worth $45,000 after buying an additional 355 shares during the last quarter. CWM LLC bought a new stake in OneMain in the 1st quarter worth approximately $79,000. Twin Tree Management LP lifted its position in OneMain by 19.4% in the 1st quarter. Twin Tree Management LP now owns 2,780 shares of the financial services provider’s stock worth $88,000 after buying an additional 451 shares during the last quarter. Advisors Asset Management Inc. lifted its position in OneMain by 211.5% in the 1st quarter. Advisors Asset Management Inc. now owns 4,772 shares of the financial services provider’s stock worth $152,000 after buying an additional 3,240 shares during the last quarter. Finally, Quantamental Technologies LLC lifted its position in OneMain by 49.1% in the 1st quarter. Quantamental Technologies LLC now owns 6,156 shares of the financial services provider’s stock worth $195,000 after buying an additional 2,027 shares during the last quarter. Institutional investors own 91.33% of the company’s stock.

OMF stock traded down $1.45 during midday trading on Wednesday, hitting $37.61. The company had a trading volume of 19,844 shares, compared to its average volume of 552,675. OneMain Holdings Inc has a 52 week low of $22.47 and a 52 week high of $43.28. The firm has a 50 day moving average price of $36.24. The company has a market capitalization of $5.14 billion, a PE ratio of 7.48, a price-to-earnings-growth ratio of 0.66 and a beta of 2.44.



OneMain (NYSE:OMF) last announced its quarterly earnings data on Monday, July 29th. The financial services provider reported $1.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.27. OneMain had a return on equity of 19.99% and a net margin of 15.98%. The firm had revenue of $762.00 million during the quarter, compared to the consensus estimate of $743.08 million. During the same quarter in the previous year, the company posted $1.18 earnings per share. As a group, analysts expect that OneMain Holdings Inc will post 6.02 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th will be given a $0.25 dividend. The ex-dividend date is Monday, August 26th. This represents a $1.00 annualized dividend and a yield of 2.66%. OneMain’s payout ratio is currently 19.76%.

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. upgraded OneMain from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $37.50 to $41.00 in a research report on Tuesday, July 16th. Barclays restated a “hold” rating on shares of OneMain in a research report on Sunday, August 4th. Piper Jaffray Companies set a $48.00 target price on OneMain and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Zacks Investment Research upgraded OneMain from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Friday, August 2nd. Finally, Wedbush upgraded OneMain from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $35.00 to $45.00 in a research report on Tuesday, July 30th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. OneMain presently has a consensus rating of “Buy” and a consensus price target of $41.27.

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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