OneMain Holdings, Inc. $OMF Stock Holdings Increased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lifted its stake in OneMain Holdings, Inc. (NYSE:OMF) by 159.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,008 shares of the financial services provider’s stock after purchasing an additional 32,568 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in OneMain were worth $3,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Forum Financial Management LP increased its holdings in OneMain by 4.6% in the second quarter. Forum Financial Management LP now owns 4,749 shares of the financial services provider’s stock worth $271,000 after buying an additional 209 shares during the last quarter. Central Pacific Bank Trust Division raised its position in OneMain by 2.7% during the second quarter. Central Pacific Bank Trust Division now owns 8,079 shares of the financial services provider’s stock valued at $461,000 after acquiring an additional 210 shares in the last quarter. Vista Finance LLC raised its position in OneMain by 4.1% during the second quarter. Vista Finance LLC now owns 7,073 shares of the financial services provider’s stock valued at $403,000 after acquiring an additional 279 shares in the last quarter. Deutsche Bank AG raised its position in OneMain by 0.8% during the first quarter. Deutsche Bank AG now owns 36,581 shares of the financial services provider’s stock valued at $1,788,000 after acquiring an additional 290 shares in the last quarter. Finally, Allworth Financial LP raised its position in OneMain by 21.7% during the first quarter. Allworth Financial LP now owns 1,976 shares of the financial services provider’s stock valued at $96,000 after acquiring an additional 352 shares in the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on OMF shares. JMP Securities reduced their price target on OneMain from $65.00 to $63.00 and set a “market outperform” rating for the company in a research report on Monday, October 13th. Weiss Ratings reiterated a “buy (b-)” rating on shares of OneMain in a report on Wednesday, October 8th. Citigroup reiterated an “outperform” rating on shares of OneMain in a report on Monday, October 13th. Wall Street Zen downgraded OneMain from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Finally, Wells Fargo & Company began coverage on OneMain in a report on Monday, August 25th. They set an “equal weight” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.14.

OneMain Trading Down 0.6%

Shares of OneMain stock opened at $55.68 on Friday. The company’s fifty day simple moving average is $58.38 and its 200-day simple moving average is $55.29. The company has a market cap of $6.62 billion, a price-to-earnings ratio of 10.05, a PEG ratio of 0.45 and a beta of 1.32. OneMain Holdings, Inc. has a 1 year low of $38.00 and a 1 year high of $63.24.

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.