Y Intercept Hong Kong Ltd Has $3.02 Million Stock Position in OneMain Holdings, Inc. $OMF

Y Intercept Hong Kong Ltd raised its position in OneMain Holdings, Inc. (NYSE:OMF) by 159.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,008 shares of the financial services provider’s stock after acquiring an additional 32,568 shares during the period. Y Intercept Hong Kong Ltd’s holdings in OneMain were worth $3,021,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Kingstone Capital Partners Texas LLC acquired a new stake in OneMain during the second quarter worth $611,102,000. Dimensional Fund Advisors LP boosted its stake in OneMain by 7.4% during the first quarter. Dimensional Fund Advisors LP now owns 3,736,070 shares of the financial services provider’s stock worth $182,610,000 after buying an additional 256,308 shares in the last quarter. Fiduciary Management Inc. WI boosted its stake in OneMain by 21.8% during the first quarter. Fiduciary Management Inc. WI now owns 2,647,875 shares of the financial services provider’s stock worth $129,428,000 after buying an additional 474,161 shares in the last quarter. Royal Bank of Canada boosted its stake in OneMain by 11.1% during the first quarter. Royal Bank of Canada now owns 1,000,775 shares of the financial services provider’s stock worth $48,919,000 after buying an additional 99,599 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in OneMain during the first quarter worth $48,282,000. Institutional investors and hedge funds own 85.82% of the company’s stock.

OneMain Stock Down 0.6%

OneMain stock opened at $55.68 on Friday. The stock has a 50-day simple moving average of $58.38 and a 200 day simple moving average of $55.29. OneMain Holdings, Inc. has a 12-month low of $38.00 and a 12-month high of $63.24. The stock has a market capitalization of $6.62 billion, a price-to-earnings ratio of 10.05, a P/E/G ratio of 0.45 and a beta of 1.32.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Wall Street Zen downgraded shares of OneMain from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of OneMain in a report on Wednesday, October 8th. Citigroup reissued an “outperform” rating on shares of OneMain in a report on Monday, October 13th. JMP Securities cut 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, Barclays increased their price target on OneMain from $48.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $60.14.

About OneMain

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.