OneMain Holdings, Inc. (NYSE:OMF) Shares Bought by Citigroup Inc.

Citigroup Inc. boosted its position in shares of OneMain Holdings, Inc. (NYSE:OMF – Get Rating) by 16.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,874 shares of the financial services provider’s stock after acquiring an additional 7,909 shares during the period. Citigroup Inc.’s holdings in OneMain were worth $1,828,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OMF. Atlas Capital Advisors LLC acquired a new position in OneMain during the 2nd quarter worth approximately $29,000. Geneos Wealth Management Inc. grew its holdings in 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 acquiring an additional 400 shares in the last quarter. Captrust Financial Advisors grew its holdings in OneMain by 39.5% during the 2nd quarter. Captrust Financial Advisors now owns 2,215 shares of the financial services provider’s stock worth $83,000 after acquiring an additional 627 shares in the last quarter. MetLife Investment Management LLC acquired a new position in OneMain during the 1st quarter worth approximately $104,000. Finally, Covestor Ltd grew its holdings in OneMain by 73.9% during the 1st quarter. Covestor Ltd now owns 2,684 shares of the financial services provider’s stock worth $127,000 after acquiring an additional 1,141 shares in the last quarter. Institutional investors and hedge funds own 84.29% of the company’s stock.

OneMain Stock Performance

Shares of OneMain stock opened at $37.26 on Friday. The company has a market cap of $4.49 billion, a P/E ratio of 6.05 and a beta of 1.69. OneMain Holdings, Inc. has a one year low of $28.77 and a one year high of $46.99. The firm has a fifty day moving average of $36.69 and a two-hundred day moving average of $38.33.

OneMain (NYSE:OMF – Get Rating) last posted its quarterly earnings results on Tuesday, April 25th. The financial services provider reported $1.46 earnings per share 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 company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $864.65 million. During the same period last year, the company earned $2.36 earnings per share. As a group, equities analysts predict that OneMain Holdings, Inc. will post 6.06 earnings per share for the current year.

OneMain Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 12th. Stockholders of record on Friday, May 5th were paid a dividend of $1.00 per share. The ex-dividend date was Thursday, May 4th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 10.74%. OneMain’s dividend payout ratio (DPR) is presently 64.94%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. TheStreet upgraded shares of OneMain from a “c+” rating to a “b-” rating in a research report on Thursday, January 26th. Barclays boosted their price objective on shares of OneMain from $39.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 8th. Wells Fargo & Company reduced their price objective on shares of OneMain from $46.00 to $41.00 in a research report on Monday, April 17th. Citigroup boosted their price objective on shares of OneMain from $39.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, February 9th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of OneMain from $47.00 to $43.00 and set an “overweight” rating for the company in a research report on Monday, April 17th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, OneMain presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.15.

OneMain Company 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.