Capital Advisors Ltd. LLC raised its position in OneMain Holdings, Inc. (NYSE:OMF – Get Rating) by 53.5% during the first quarter, Holdings Channel reports. The firm owned 2,265 shares of the financial services provider’s stock after buying an additional 789 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in OneMain were worth $107,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of OMF. Allspring Global Investments Holdings LLC purchased a new stake in shares of OneMain during the fourth quarter worth $4,209,000. Commonwealth Equity Services LLC increased its position in shares of OneMain by 40.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 5,611 shares of the financial services provider’s stock worth $280,000 after acquiring an additional 1,626 shares during the period. State of New Jersey Common Pension Fund D increased its position in shares of OneMain by 19.0% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 56,901 shares of the financial services provider’s stock worth $2,847,000 after acquiring an additional 9,092 shares during the period. CWM LLC purchased a new stake in shares of OneMain during the fourth quarter worth $1,848,000. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of OneMain by 587.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 33,185 shares of the financial services provider’s stock worth $1,660,000 after acquiring an additional 28,357 shares during the period. Hedge funds and other institutional investors own 84.43% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft cut their price objective on OneMain from $75.00 to $53.00 in a research report on Friday, July 29th. Royal Bank of Canada lowered their target price on shares of OneMain from $62.00 to $51.00 and set an “outperform” rating for the company in a research note on Tuesday. BMO Capital Markets lowered their target price on shares of OneMain from $58.00 to $50.00 in a research note on Monday, August 1st. JMP Securities lowered their target price on shares of OneMain from $68.00 to $58.00 and set a “market outperform” rating for the company in a research note on Friday, July 15th. Finally, Compass Point lowered their target price on shares of OneMain to $63.00 in a research note on Monday, July 4th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $57.91.
Insider Transactions at OneMain
OneMain Price Performance
NYSE OMF opened at $36.51 on Friday. OneMain Holdings, Inc. has a 1 year low of $34.22 and a 1 year high of $60.51. The company has a market capitalization of $4.52 billion, a PE ratio of 4.44 and a beta of 1.61. The company has a fifty day moving average of $39.36 and a two-hundred day moving average of $44.61.
OneMain (NYSE:OMF – Get Rating) last announced its earnings results on Wednesday, July 27th. The financial services provider reported $1.87 earnings per share for the quarter, missing the consensus estimate of $1.94 by ($0.07). OneMain had a return on equity of 37.61% and a net margin of 22.43%. During the same quarter last year, the company posted $2.66 EPS. On average, research analysts expect that OneMain Holdings, Inc. will post 7.69 earnings per share for the current year.
OneMain Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Stockholders of record on Monday, August 8th will be paid a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, August 5th. This represents a $3.80 annualized dividend and a dividend yield of 10.41%. OneMain’s dividend payout ratio (DPR) is 46.17%.
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 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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