B. Riley Wealth Advisors Inc. Acquires New Shares in OneMain Holdings, Inc. (NYSE:OMF)

Posted by on Oct 25th, 2023

B. Riley Wealth Advisors Inc. acquired a new stake in shares of OneMain Holdings, Inc. (NYSE:OMF – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,833 shares of the financial services provider’s stock, valued at approximately $211,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rockefeller Capital Management L.P. boosted its position in OneMain by 153.0% during the 1st quarter. Rockefeller Capital Management L.P. now owns 1,951,127 shares of the financial services provider’s stock worth $72,346,000 after acquiring an additional 1,179,938 shares during the period. FMR LLC boosted its position in OneMain by 7.0% during the 1st quarter. FMR LLC now owns 10,860,979 shares of the financial services provider’s stock worth $402,725,000 after acquiring an additional 711,440 shares during the period. Barnett & Company Inc. boosted its position in OneMain by 10.0% during the 1st quarter. Barnett & Company Inc. now owns 118,273 shares of the financial services provider’s stock worth $4,386,000 after acquiring an additional 10,800 shares during the period. Barclays PLC boosted its position in OneMain by 35.8% during the 1st quarter. Barclays PLC now owns 42,486 shares of the financial services provider’s stock worth $1,576,000 after acquiring an additional 11,202 shares during the period. Finally, Virtu Financial LLC acquired a new position in OneMain during the 1st quarter worth $329,000. Institutional investors and hedge funds own 79.70% of the company’s stock.

OneMain Trading Down 0.1 %

Shares of OneMain stock opened at $36.67 on Wednesday. The stock has a 50-day moving average price of $39.46 and a 200 day moving average price of $40.68. The company has a market cap of $4.42 billion, a P/E ratio of 6.88, a P/E/G ratio of 1.13 and a beta of 1.69. OneMain Holdings, Inc. has a 1 year low of $30.85 and a 1 year high of $48.64.

OneMain (NYSE:OMF – Get Free Report) last issued its earnings results on Wednesday, July 26th. The financial services provider reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.23). OneMain had a return on equity of 22.23% and a net margin of 14.60%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $883.84 million. During the same period in the previous year, the company earned $1.87 earnings per share. On average, equities analysts forecast that OneMain Holdings, Inc. will post 5.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on OMF. Stephens reissued an “overweight” rating and issued a $60.00 price objective on shares of OneMain in a research note on Friday, August 18th. JPMorgan Chase & Co. cut their price objective on OneMain from $48.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, October 17th. Wells Fargo & Company cut their price objective on OneMain from $47.00 to $41.00 in a report on Thursday, October 5th. Citigroup cut their price objective on OneMain from $50.00 to $46.00 and set a “buy” rating for the company in a report on Friday, October 6th. Finally, JMP Securities cut their price objective on OneMain from $55.00 to $53.00 in a report on Thursday, July 27th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, OneMain has an average rating of “Moderate Buy” and a consensus price target of $49.67.

View Our Latest Stock Analysis on OneMain

OneMain Company Profile

(Free Report)

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

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Institutional Ownership by Quarter for OneMain (NYSE:OMF)

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