Tributary Capital Management LLC Cuts Position in OneMain Holdings Inc (OMF)

Tributary Capital Management LLC reduced its position in OneMain Holdings Inc (NYSE:OMF) by 7.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 35,000 shares of the financial services provider’s stock after selling 2,900 shares during the quarter. Tributary Capital Management LLC’s holdings in OneMain were worth $910,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. FMR LLC raised its position in shares of OneMain by 7.9% in the 2nd quarter. FMR LLC now owns 10,776,907 shares of the financial services provider’s stock worth $265,004,000 after buying an additional 789,858 shares during the period. Vanguard Group Inc. raised its position in shares of OneMain by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 4,401,256 shares of the financial services provider’s stock worth $108,227,000 after buying an additional 172,224 shares during the period. Dimensional Fund Advisors LP raised its position in shares of OneMain by 22.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,888,253 shares of the financial services provider’s stock worth $53,231,000 after buying an additional 344,126 shares during the period. Alyeska Investment Group L.P. raised its position in shares of OneMain by 5.9% in the 3rd quarter. Alyeska Investment Group L.P. now owns 1,314,062 shares of the financial services provider’s stock worth $37,043,000 after buying an additional 72,821 shares during the period. Finally, Gruss Capital Management LP raised its position in shares of OneMain by 37.1% in the 3rd quarter. Gruss Capital Management LP now owns 975,000 shares of the financial services provider’s stock worth $27,485,000 after buying an additional 264,000 shares during the period. 95.84% of the stock is currently owned by institutional investors and hedge funds.

OneMain Holdings Inc (NYSE:OMF) opened at $33.79 on Friday. OneMain Holdings Inc has a 52-week low of $21.72 and a 52-week high of $35.11. The company has a market capitalization of $4,513.91, a PE ratio of 10.17, a price-to-earnings-growth ratio of 1.49 and a beta of 2.72.

OneMain (NYSE:OMF) last released its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $0.91 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.14). OneMain had a net margin of 4.85% and a return on equity of 14.15%. The company had revenue of $808.00 million during the quarter, compared to analysts’ expectations of $800.50 million. During the same period last year, the business earned $0.90 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. analysts anticipate that OneMain Holdings Inc will post 3.52 EPS for the current fiscal year.

Several brokerages recently weighed in on OMF. JPMorgan Chase & Co. lowered OneMain from a “neutral” rating to an “underweight” rating and set a $25.00 target price on the stock. in a research report on Friday, January 12th. Zacks Investment Research raised OneMain from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Jefferies Group reaffirmed a “buy” rating and issued a $48.00 target price on shares of OneMain in a research report on Thursday, January 11th. Compass Point lowered OneMain from a “buy” rating to a “neutral” rating and set a $31.00 price objective on the stock. in a research report on Friday, November 3rd. Finally, Northland Securities reissued a “hold” rating and issued a $35.00 price objective on shares of OneMain in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. OneMain currently has an average rating of “Hold” and a consensus price target of $34.00.

In other news, Director Wesley R. Edens sold 1,000,000 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $26.00, for a total transaction of $26,000,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Fortress Investment Group Llc sold 7,500,000 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $25.10, for a total value of $188,250,000.00. The disclosure for this sale can be found here. Insiders sold 18,500,000 shares of company stock worth $474,250,000 over the last three months. 57.73% of the stock is currently owned by corporate insiders.

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About OneMain

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.

Institutional Ownership by Quarter for OneMain (NYSE:OMF)

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