OneMain Holdings, Inc. (NYSE:OMF) Stake Raised by Pictet Asset Management SA

Pictet Asset Management SA increased its holdings in OneMain Holdings, Inc. (NYSE:OMFGet Rating) by 30.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,466 shares of the financial services provider’s stock after acquiring an additional 1,495 shares during the period. Pictet Asset Management SA’s holdings in OneMain were worth $242,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of OMF. Steward Partners Investment Advisory LLC lifted its stake in OneMain by 78.9% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 680 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 300 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of OneMain by 129.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 710 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 400 shares in the last quarter. AGF Investments LLC purchased a new stake in shares of OneMain during the 1st quarter worth about $34,000. Key Financial Inc purchased a new stake in shares of OneMain during the 2nd quarter worth about $37,000. Finally, EverSource Wealth Advisors LLC purchased a new stake in shares of OneMain during the 2nd quarter worth about $64,000. 81.90% of the stock is owned by hedge funds and other institutional investors.

OneMain Stock Up 0.6 %

OMF opened at $38.26 on Thursday. The firm has a market capitalization of $4.68 billion, a P/E ratio of 5.05 and a beta of 1.68. The stock’s 50 day moving average price is $34.37 and its two-hundred day moving average price is $37.40. OneMain Holdings, Inc. has a 12-month low of $28.77 and a 12-month high of $55.50.

OneMain (NYSE:OMFGet Rating) last released its earnings results on Wednesday, October 26th. The financial services provider reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.28. The firm had revenue of $895.00 million for the quarter, compared to analyst estimates of $900.45 million. OneMain had a return on equity of 33.73% and a net margin of 20.29%. As a group, analysts anticipate that OneMain Holdings, Inc. will post 7.26 earnings per share for the current year.

OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 14th. Shareholders of record on Monday, November 7th were issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 9.93%. The ex-dividend date of this dividend was Friday, November 4th. OneMain’s dividend payout ratio (DPR) is currently 50.13%.

Analysts Set New Price Targets

OMF has been the subject of a number of recent research reports. Credit Suisse Group raised their price target on OneMain from $46.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, October 28th. Royal Bank of Canada cut their price target on OneMain from $51.00 to $46.00 and set an “outperform” rating for the company in a research note on Tuesday, October 25th. StockNews.com downgraded OneMain from a “buy” rating to a “hold” rating in a research note on Friday, October 28th. JPMorgan Chase & Co. lowered their price objective on OneMain from $44.00 to $38.00 and set an “overweight” rating on the stock in a report on Tuesday, October 18th. Finally, Barclays lowered their price objective on OneMain from $57.00 to $49.00 and set an “overweight” rating on the stock in a report on Thursday, October 13th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $46.64.

About OneMain

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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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