D.A. Davidson & CO. Boosts Stake in OneMain Holdings, Inc. $OMF

D.A. Davidson & CO. boosted its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 127.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,028 shares of the financial services provider’s stock after buying an additional 13,442 shares during the period. D.A. Davidson & CO.’s holdings in OneMain were worth $1,370,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of OMF. GAMMA Investing LLC lifted its holdings in OneMain by 191.9% during the first quarter. GAMMA Investing LLC now owns 1,007 shares of the financial services provider’s stock worth $49,000 after buying an additional 662 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in OneMain by 8.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 14,269 shares of the financial services provider’s stock worth $697,000 after buying an additional 1,147 shares during the period. Golden State Wealth Management LLC purchased a new stake in OneMain during the first quarter worth $54,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in OneMain by 5.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,851 shares of the financial services provider’s stock worth $1,251,000 after buying an additional 1,441 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in OneMain by 56.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 121,577 shares of the financial services provider’s stock worth $5,966,000 after buying an additional 43,915 shares during the period. Hedge funds and other institutional investors own 85.82% of the company’s stock.

OneMain Price Performance

NYSE OMF opened at $58.30 on Tuesday. The stock’s fifty day moving average price is $58.46 and its 200 day moving average price is $55.09. OneMain Holdings, Inc. has a 1 year low of $38.00 and a 1 year high of $63.24. The company has a market cap of $6.93 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 0.46 and a beta of 1.32.

OneMain (NYSE:OMF) last released its earnings results on Friday, July 25th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.20. OneMain had a return on equity of 20.65% and a net margin of 12.63%.The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the firm earned $1.02 EPS. The firm’s revenue was up 7.1% on a year-over-year basis. Research analysts expect that OneMain Holdings, Inc. will post 6.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Wells Fargo & Company began coverage on OneMain in a report on Monday, August 25th. They set an “equal weight” rating for the company. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $57.00 price objective (down previously from $63.00) on shares of OneMain in a report on Tuesday, October 7th. Citigroup reiterated an “outperform” rating on shares of OneMain in a report on Monday, October 13th. JMP Securities decreased their price objective on OneMain from $65.00 to $63.00 and set a “market outperform” rating for the company in a report on Monday, October 13th. Finally, Wall Street Zen lowered OneMain from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $60.50.

OneMain Profile

OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses in the United States. It originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit cards; optional credit insurance products, including life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.