Thrivent Financial for Lutherans Has $5.83 Million Stake in OneMain Holdings, Inc. (NYSE:OMF)

Thrivent Financial for Lutherans decreased its position in OneMain Holdings, Inc. (NYSE:OMF – Get Rating) by 52.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 174,951 shares of the financial services provider’s stock after selling 190,667 shares during the quarter. Thrivent Financial for Lutherans owned about 0.14% of OneMain worth $5,828,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Donoghue Forlines LLC grew its position in OneMain by 87.8% during the fourth quarter. Donoghue Forlines LLC now owns 25,086 shares of the financial services provider’s stock worth $836,000 after buying an additional 11,725 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in OneMain by 19.8% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 83,393 shares of the financial services provider’s stock worth $2,778,000 after buying an additional 13,803 shares in the last quarter. California Public Employees Retirement System grew its position in OneMain by 3.3% during the fourth quarter. California Public Employees Retirement System now owns 263,106 shares of the financial services provider’s stock worth $8,764,000 after buying an additional 8,505 shares in the last quarter. Swiss National Bank grew its position in OneMain by 0.6% during the fourth quarter. Swiss National Bank now owns 283,700 shares of the financial services provider’s stock worth $9,450,000 after buying an additional 1,600 shares in the last quarter. Finally, Arizona State Retirement System grew its position in OneMain by 2.6% during the fourth quarter. Arizona State Retirement System now owns 33,151 shares of the financial services provider’s stock worth $1,104,000 after buying an additional 826 shares in the last quarter. Institutional investors and hedge funds own 84.29% of the company’s stock.

OneMain Stock Performance

OMF stock opened at $35.54 on Friday. The company has a market capitalization of $4.29 billion, a P/E ratio of 5.77 and a beta of 1.69. OneMain Holdings, Inc. has a 52-week low of $28.77 and a 52-week high of $46.99. The business has a 50-day simple moving average of $36.97 and a two-hundred day simple moving average of $38.35.

OneMain (NYSE:OMF – Get Rating) last released its quarterly earnings results on Tuesday, April 25th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.13). The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $864.65 million. OneMain had a net margin of 17.03% and a return on equity of 25.93%. During the same quarter last year, the firm posted $2.36 EPS. As a group, sell-side analysts forecast that OneMain Holdings, Inc. will post 6.06 earnings per share for the current fiscal year.

OneMain Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 12th. Shareholders of record on Friday, May 5th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, May 4th. This represents a $4.00 annualized dividend and a dividend yield of 11.25%. OneMain’s dividend payout ratio is currently 64.94%.

Analyst Ratings Changes

OMF has been the topic of a number of research analyst reports. Piper Sandler raised their target price on OneMain from $47.00 to $51.00 and gave the company an “overweight” rating in a report on Wednesday, February 8th. Wells Fargo & Company reduced their target price on OneMain from $46.00 to $41.00 in a report on Monday, April 17th. Royal Bank of Canada raised their target price on OneMain from $48.00 to $53.00 and gave the company an “outperform” rating in a report on Monday, February 13th. TheStreet raised OneMain from a “c+” rating to a “b-” rating in a report on Thursday, January 26th. Finally, Citigroup raised their target price on OneMain from $39.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, February 9th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, OneMain has a consensus rating of “Moderate Buy” and a consensus target price of $50.15.

OneMain Profile

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OneMain Holdings, Inc is a consumer finance company, which provides origination, underwriting, and servicing of personal loans, primarily to non-prime customers. It operates through the Consumer and Insurance segment. The Consumer and Insurance segment offers services to secured and unsecured personal loans, voluntary credit, and non-credit insurance, and related products through its combined branch network, digital platform, and centralized operations.