Envestnet Asset Management Inc. Grows Position in OneMain Holdings, Inc. (NYSE:OMF)

Envestnet Asset Management Inc. raised its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF – Get Rating) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,136 shares of the financial services provider’s stock after buying an additional 1,591 shares during the quarter. Envestnet Asset Management Inc. owned about 0.07% of OneMain worth $2,703,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD grew its holdings in shares of OneMain by 784.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 3,112,696 shares of the financial services provider’s stock valued at $91,887,000 after purchasing an additional 2,760,751 shares during the period. Empowered Funds LLC purchased a new stake in shares of OneMain during the third quarter worth approximately $283,000. Donoghue Forlines LLC increased its stake in shares of OneMain by 12.3% during the third quarter. Donoghue Forlines LLC now owns 13,361 shares of the financial services provider’s stock worth $394,000 after buying an additional 1,459 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of OneMain by 2.7% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 63,558 shares of the financial services provider’s stock worth $2,117,000 after buying an additional 1,687 shares during the period. Finally, CX Institutional increased its stake in OneMain by 106.1% in the third quarter. CX Institutional now owns 33,304 shares of the financial services provider’s stock valued at $983,000 after purchasing an additional 17,146 shares during the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Wall Street Analysts Forecast Growth

OMF has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their price target on OneMain from $47.00 to $43.00 and set an “overweight” rating for the company in a report on Monday, April 17th. Citigroup lifted their price objective on OneMain from $39.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, February 9th. Barclays lifted their price target on OneMain from $39.00 to $46.00 and gave the company an “equal weight” rating in a report on Wednesday, February 8th. Northland Securities lowered their price target on OneMain from $50.00 to $48.00 in a report on Wednesday, April 26th. Finally, Wells Fargo & Company lowered their price target on OneMain from $46.00 to $41.00 in a report on Monday, April 17th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $50.15.

OneMain Stock Up 4.0 %

NYSE:OMF opened at $36.92 on Thursday. OneMain Holdings, Inc. has a 1-year low of $28.77 and a 1-year high of $46.99. The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of 5.99 and a beta of 1.69. The stock has a fifty day simple moving average of $36.60 and a 200 day simple moving average of $38.37.

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

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 12th. Stockholders of record on Friday, May 5th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 10.83%. The ex-dividend date was Thursday, May 4th. OneMain’s payout ratio is presently 64.94%.

OneMain Profile

(Get Rating)

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.