Lucus Advisors LLC Takes Position in OneMain Holdings, Inc. (OMF)

Lucus Advisors LLC acquired a new stake in shares of OneMain Holdings, Inc. (NYSE:OMF) during the first quarter, Holdings Channel reports. The firm acquired 16,154 shares of the financial services provider’s stock, valued at approximately $401,000.

Other institutional investors have also made changes to their positions in the company. UBS Group AG raised its position in shares of OneMain Holdings by 1,891.8% in the first quarter. UBS Group AG now owns 60,849 shares of the financial services provider’s stock valued at $1,512,000 after buying an additional 57,794 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of OneMain Holdings by 8.4% in the first quarter. Dimensional Fund Advisors LP now owns 867,924 shares of the financial services provider’s stock valued at $21,570,000 after buying an additional 67,625 shares in the last quarter. Geode Capital Management LLC raised its position in shares of OneMain Holdings by 7.9% in the first quarter. Geode Capital Management LLC now owns 414,384 shares of the financial services provider’s stock valued at $10,297,000 after buying an additional 30,219 shares in the last quarter. Vanguard Group Inc. raised its position in shares of OneMain Holdings by 4.8% in the first quarter. Vanguard Group Inc. now owns 4,229,032 shares of the financial services provider’s stock valued at $105,091,000 after buying an additional 191,932 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of OneMain Holdings by 126.5% in the first quarter. Legal & General Group Plc now owns 25,484 shares of the financial services provider’s stock valued at $633,000 after buying an additional 14,232 shares in the last quarter. Institutional investors and hedge funds own 95.25% of the company’s stock.

Institutional Ownership by Quarter for OneMain Holdings (NYSE:OMF)

OneMain Holdings, Inc. (NYSE OMF) traded up 0.91% during midday trading on Monday, reaching $23.35. 354,916 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $23.14 and its 200 day moving average price is $23.96. OneMain Holdings, Inc. has a 1-year low of $16.03 and a 1-year high of $32.28. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 28.37 and a beta of 2.85.

OneMain Holdings (NYSE:OMF) last posted its quarterly earnings data on Wednesday, May 3rd. The financial services provider reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.02. OneMain Holdings had a net margin of 3.16% and a return on equity of 17.31%. The company had revenue of $698 million for the quarter, compared to analyst estimates of $773.82 million. During the same period in the prior year, the firm posted $1.05 EPS. The company’s quarterly revenue was down 23.1% on a year-over-year basis. Equities research analysts anticipate that OneMain Holdings, Inc. will post $3.78 EPS for the current year.

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Several equities analysts recently weighed in on the stock. ValuEngine lowered shares of OneMain Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $28.00 price objective on shares of OneMain Holdings in a report on Thursday, May 25th. Bank of America Corporation upgraded shares of OneMain Holdings from an “underperform” rating to a “buy” rating and increased their price objective for the company from $23.00 to $28.00 in a report on Thursday, May 11th. Zacks Investment Research lowered shares of OneMain Holdings from a “hold” rating to a “sell” rating in a report on Friday, May 5th. Finally, BMO Capital Markets restated a “buy” rating and issued a $30.00 price objective on shares of OneMain Holdings in a report on Tuesday, April 11th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. OneMain Holdings currently has a consensus rating of “Hold” and a consensus price target of $28.13.

About OneMain Holdings

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.

Want to see what other hedge funds are holding OMF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for OneMain Holdings, Inc. (NYSE:OMF).

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