Saba Capital Management L.P. Has $2.58 Million Position in OneMain Holdings Inc (OMF)

Saba Capital Management L.P. lowered its position in OneMain Holdings Inc (NYSE:OMF) by 25.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 86,163 shares of the financial services provider’s stock after selling 29,000 shares during the quarter. Saba Capital Management L.P.’s holdings in OneMain were worth $2,580,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. boosted its stake in OneMain by 11.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 403,475 shares of the financial services provider’s stock worth $10,487,000 after buying an additional 41,305 shares during the period. SG Americas Securities LLC boosted its stake in OneMain by 50.2% during the fourth quarter. SG Americas Securities LLC now owns 6,338 shares of the financial services provider’s stock worth $165,000 after buying an additional 2,119 shares during the period. Comerica Bank boosted its stake in OneMain by 61.6% during the fourth quarter. Comerica Bank now owns 137,932 shares of the financial services provider’s stock worth $4,601,000 after buying an additional 52,587 shares during the period. Aperio Group LLC boosted its stake in OneMain by 18.9% during the fourth quarter. Aperio Group LLC now owns 10,187 shares of the financial services provider’s stock worth $265,000 after buying an additional 1,617 shares during the period. Finally, Teacher Retirement System of Texas purchased a new position in OneMain during the fourth quarter worth about $598,000. 92.16% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have weighed in on OMF shares. Janney Montgomery Scott raised shares of OneMain from a “neutral” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research cut shares of OneMain from a “buy” rating to a “hold” rating in a research report on Thursday, March 15th. Piper Jaffray Companies initiated coverage on shares of OneMain in a research report on Wednesday, March 21st. They set an “overweight” rating and a $37.00 price target on the stock. UBS Group initiated coverage on shares of OneMain in a research report on Tuesday, March 27th. They set a “buy” rating and a $40.00 price target on the stock. Finally, Wells Fargo & Co initiated coverage on shares of OneMain in a research report on Wednesday, April 4th. They set an “outperform” rating and a $38.00 price target on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $35.33.

Shares of NYSE:OMF opened at $33.44 on Thursday. The company has a market capitalization of $4.51 billion, a P/E ratio of 9.45, a PEG ratio of 1.35 and a beta of 2.74. OneMain Holdings Inc has a fifty-two week low of $22.10 and a fifty-two week high of $36.32.

OneMain (NYSE:OMF) last issued its earnings results on Wednesday, May 2nd. The financial services provider reported $1.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.05. The firm had revenue of $662.00 million for the quarter, compared to analysts’ expectations of $667.57 million. OneMain had a net margin of 7.37% and a return on equity of 16.47%. During the same quarter last year, the company earned $0.25 earnings per share. equities analysts forecast that OneMain Holdings Inc will post 4.91 EPS for the current year.

OneMain Company Profile

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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Institutional Ownership by Quarter for OneMain (NYSE:OMF)

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