15,000 Shares in OneMain Stake Inc (OMF) Obtained by Searle & CO.

15,000 Shares in OneMain Stake Inc (OMF) Obtained by Searle & CO.

Searle & CO. acquired a new stake in OneMain Holdings Inc (NYSE:OMF) during the fourth quarter, Holdings Channel reports. The fund acquired 15,000 shares of the company’s stock, valued at approximately $332,000.

Other large investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in OneMain Holdings during the fourth quarter valued at $8,970,000. Teachers Retirement System of The State of Kentucky purchased a new stake in OneMain Holdings during the fourth quarter valued at $387,000. Ellington Management Group LLC purchased a new stake in OneMain Holdings during the fourth quarter valued at $235,000. Fir Tree Inc. purchased a new stake in OneMain Holdings during the fourth quarter valued at $5,643,000. Finally, Alyeska Investment Group L.P. purchased a new stake in OneMain Holdings during the fourth quarter valued at $10,657,000. 98.31% of the stock is owned by institutional investors and hedge funds.

OneMain Holdings Inc (NYSE:OMF) opened at 24.85 on Friday. The firm has a market cap of $3.36 billion, a P/E ratio of 15.63 and a beta of 2.70. The stock has a 50 day moving average price of $26.64 and a 200 day moving average price of $25.43. OneMain Holdings Inc has a 1-year low of $16.03 and a 1-year high of $33.31.

OneMain Holdings (NYSE:OMF) last issued its quarterly earnings results on Monday, February 13th. The company reported $0.80 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.81 by $0.01. OneMain Holdings had a net margin of 6.46% and a return on equity of 18.93%. During the same period in the prior year, the company posted $0.77 EPS. On average, analysts anticipate that OneMain Holdings Inc will post $3.79 EPS for the current year.

Several equities research analysts recently weighed in on the stock. Wedbush raised shares of OneMain Holdings from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $30.00 to $35.00 in a research report on Wednesday, February 15th. TheStreet raised shares of OneMain Holdings from a “d” rating to a “c-” rating in a research report on Monday, February 13th. Compass Point raised shares of OneMain Holdings from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $20.00 to $31.00 in a research report on Tuesday, February 14th. Jefferies Group LLC reissued a “buy” rating and issued a $30.00 target price on shares of OneMain Holdings in a report on Tuesday, February 14th. Finally, Zacks Investment Research raised shares of OneMain Holdings from a “sell” rating to a “hold” rating in a report on Thursday, February 2nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $28.69.

OneMain Holdings Company 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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