Millennium Management LLC Sells 306,974 Shares of OneMain Holdings Inc (OMF)

Millennium Management LLC cut its position in OneMain Holdings Inc (NYSE:OMF) by 51.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 287,352 shares of the financial services provider’s stock after selling 306,974 shares during the quarter. Millennium Management LLC owned approximately 0.21% of OneMain worth $9,566,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in OMF. Apollo Management Holdings L.P. acquired a new position in shares of OneMain during the second quarter valued at about $1,828,869,000. Maltese Capital Management LLC acquired a new position in shares of OneMain during the second quarter valued at about $2,830,000. State of Alaska Department of Revenue increased its holdings in shares of OneMain by 41.5% during the second quarter. State of Alaska Department of Revenue now owns 7,780 shares of the financial services provider’s stock valued at $258,000 after acquiring an additional 2,280 shares in the last quarter. James Investment Research Inc. acquired a new position in shares of OneMain during the second quarter valued at about $2,348,000. Finally, Strs Ohio acquired a new position in shares of OneMain during the second quarter valued at about $244,000. Institutional investors and hedge funds own 91.29% of the company’s stock.

OMF has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of OneMain from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Tuesday, August 7th. Barclays set a $39.00 price objective on shares of OneMain and gave the company an “equal weight” rating in a report on Friday, July 20th. Finally, BMO Capital Markets upped their price objective on shares of OneMain from $41.00 to $43.00 and gave the company an “outperform” rating in a report on Wednesday, August 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. OneMain presently has an average rating of “Buy” and a consensus price target of $37.75.

In related news, SVP Michael A. Hedlund sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The stock was 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 in the company, valued at $270,674.04. The sale was disclosed in a legal filing with the SEC, which is available through this link. 43.93% of the stock is owned by corporate insiders.

Shares of NYSE OMF opened at $32.27 on Monday. The company has a market capitalization of $4.56 billion, a P/E ratio of 9.12, a PEG ratio of 0.90 and a beta of 2.71. OneMain Holdings Inc has a 52 week low of $23.68 and a 52 week high of $37.29.

OneMain (NYSE:OMF) last issued its earnings results on Monday, July 30th. The financial services provider reported $1.18 EPS for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.04. The firm had revenue of $685.00 million for the quarter, compared to analyst estimates of $676.82 million. OneMain had a return on equity of 17.55% and a net margin of 6.41%. During the same quarter in the prior year, the firm earned $0.81 earnings per share. As a group, equities analysts expect that OneMain Holdings Inc will post 4.97 EPS for the current 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.

See Also: Understanding Average Daily Trade Volume

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Institutional Ownership by Quarter for OneMain (NYSE:OMF)

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