Credit Suisse AG increased its stake in shares of OneMain Holdings, Inc. (NYSE:OMF – Free Report) by 1.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 118,860 shares of the financial services provider’s stock after acquiring an additional 1,221 shares during the quarter. Credit Suisse AG owned approximately 0.10% of OneMain worth $4,407,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in OneMain by 0.4% during the first quarter. Vanguard Group Inc. now owns 12,428,932 shares of the financial services provider’s stock worth $589,256,000 after buying an additional 51,537 shares during the last quarter. Capital International Investors raised its holdings in OneMain by 77.1% during the first quarter. Capital International Investors now owns 9,842,786 shares of the financial services provider’s stock worth $466,646,000 after buying an additional 4,284,232 shares during the last quarter. BlackRock Inc. raised its holdings in OneMain by 3.9% during the third quarter. BlackRock Inc. now owns 5,420,306 shares of the financial services provider’s stock worth $160,009,000 after buying an additional 204,780 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of OneMain by 38.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,317,008 shares of the financial services provider’s stock valued at $143,799,000 after purchasing an additional 1,204,312 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of OneMain by 5.9% in the first quarter. Wellington Management Group LLP now owns 3,126,854 shares of the financial services provider’s stock valued at $148,244,000 after purchasing an additional 174,300 shares during the last quarter. 79.70% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on OMF shares. Royal Bank of Canada raised their price objective on shares of OneMain from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Tuesday, August 1st. Bank of America initiated coverage on shares of OneMain in a research note on Thursday, June 15th. They issued a “buy” rating and a $49.00 target price for the company. StockNews.com initiated coverage on shares of OneMain in a research note on Thursday, August 17th. They issued a “buy” rating for the company. JMP Securities reduced their target price on shares of OneMain from $55.00 to $53.00 in a research note on Thursday, July 27th. Finally, Stephens reiterated an “overweight” rating and issued a $60.00 target price on shares of OneMain in a research note on Friday, August 18th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $50.31.
OneMain Price Performance
OMF stock opened at $41.06 on Thursday. OneMain Holdings, Inc. has a one year low of $28.77 and a one year high of $48.64. The stock has a market cap of $4.94 billion, a PE ratio of 7.70, a P/E/G ratio of 1.26 and a beta of 1.71. The firm has a 50 day simple moving average of $43.74 and a two-hundred day simple moving average of $40.70.
OneMain (NYSE:OMF – Get Free Report) last announced its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.23). The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $883.84 million. OneMain had a return on equity of 22.23% and a net margin of 14.60%. During the same quarter in the previous year, the firm posted $1.87 earnings per share. On average, research analysts expect that OneMain Holdings, Inc. will post 5.61 EPS for the current fiscal year.
OneMain Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Monday, August 7th were issued a $1.00 dividend. The ex-dividend date was Friday, August 4th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 9.74%. OneMain’s payout ratio is 75.05%.
OneMain Company Profile
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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