Wedge Capital Management L L P NC trimmed its position in OneMain Holdings Inc (NYSE:OMF) by 1.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 638,385 shares of the financial services provider’s stock after selling 9,041 shares during the period. Wedge Capital Management L L P NC’s holdings in OneMain were worth $26,908,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Quest Capital Management Inc. ADV bought a new position in shares of OneMain during the 3rd quarter worth about $25,000. Toronto Dominion Bank bought a new position in OneMain during the second quarter worth about $32,000. Bank of Montreal Can boosted its holdings in OneMain by 164.5% during the second quarter. Bank of Montreal Can now owns 2,182 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 1,357 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in OneMain during the third quarter valued at approximately $95,000. Finally, Dupont Capital Management Corp acquired a new stake in OneMain in the 3rd quarter valued at $205,000. 82.92% of the stock is owned by hedge funds and other institutional investors.
OMF stock opened at $41.72 on Thursday. The business has a fifty day moving average price of $42.78 and a 200 day moving average price of $38.94. OneMain Holdings Inc has a fifty-two week low of $27.68 and a fifty-two week high of $44.87. The stock has a market capitalization of $5.69 billion, a price-to-earnings ratio of 8.25, a P/E/G ratio of 0.63 and a beta of 2.31.
A number of analysts have weighed in on the company. ValuEngine cut OneMain from a “sell” rating to a “strong sell” rating in a research report on Friday, January 3rd. Stephens reissued a “buy” rating on shares of OneMain in a report on Thursday, November 21st. BTIG Research set a $49.00 target price on shares of OneMain and gave the company a “buy” rating in a research note on Friday, November 1st. Piper Jaffray Companies upped their target price on shares of OneMain from $48.00 to $51.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. They noted that the move was a valuation call. Finally, Northland Securities initiated coverage on shares of OneMain in a research report on Thursday, November 21st. They set a “buy” rating and a $55.00 target price for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. OneMain currently has an average rating of “Buy” and a consensus target price of $44.60.
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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