Brandywine Global Investment Management LLC grew its position in OneMain Holdings, Inc. (NYSE:OMF – Free Report) by 107.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,155 shares of the financial services provider’s stock after purchasing an additional 40,425 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.06% of OneMain worth $2,898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of OMF. CWM LLC boosted its stake in shares of OneMain by 0.7% in the first quarter. CWM LLC now owns 37,568 shares of the financial services provider’s stock worth $1,393,000 after acquiring an additional 277 shares during the period. Kingsview Wealth Management LLC lifted its holdings in shares of OneMain by 3.0% in the third quarter. Kingsview Wealth Management LLC now owns 10,446 shares of the financial services provider’s stock worth $308,000 after buying an additional 301 shares in the last quarter. Platinum Investment Management Ltd. lifted its position in shares of OneMain by 14.9% in the fourth quarter. Platinum Investment Management Ltd. now owns 2,513 shares of the financial services provider’s stock worth $84,000 after buying an additional 325 shares in the last quarter. Treasurer of the State of North Carolina grew its holdings in OneMain by 0.7% during the 1st quarter. Treasurer of the State of North Carolina now owns 50,177 shares of the financial services provider’s stock valued at $1,861,000 after buying an additional 360 shares in the last quarter. Finally, Aspire Private Capital LLC purchased a new stake in shares of OneMain during the 1st quarter worth approximately $14,461,200,000. 79.70% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
OMF has been the topic of a number of recent research reports. Piper Sandler upped their price target on shares of OneMain from $53.00 to $57.00 in a research note on Thursday, July 27th. Bank of America initiated coverage on OneMain in a research note on Thursday, June 15th. They set a “buy” rating and a $49.00 price objective on the stock. JMP Securities dropped their price objective on shares of OneMain from $55.00 to $53.00 in a research note on Thursday, July 27th. StockNews.com initiated coverage on shares of OneMain in a research note on Thursday, August 17th. They issued a “buy” rating on the stock. Finally, Stephens reiterated an “overweight” rating and set a $60.00 price target on shares of OneMain in a report on Friday, August 18th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $50.31.
OneMain Stock Down 0.2 %
OMF opened at $41.03 on Friday. OneMain Holdings, Inc. has a 52 week low of $28.77 and a 52 week high of $48.64. The company has a market capitalization of $4.94 billion, a P/E ratio of 7.70, a PEG ratio of 1.27 and a beta of 1.71. The stock’s fifty day moving average is $43.18 and its two-hundred day moving average is $40.41.
OneMain (NYSE:OMF – Get Free Report) last announced its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.01 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.23). OneMain had a net margin of 14.60% and a return on equity of 22.23%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $883.84 million. During the same quarter in the prior year, the business posted $1.87 EPS. Equities analysts anticipate that OneMain Holdings, Inc. will post 5.61 earnings per share for the current year.
OneMain Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Monday, August 7th were given a $1.00 dividend. The ex-dividend date of this dividend was Friday, August 4th. This represents a $4.00 annualized dividend and a dividend yield of 9.75%. OneMain’s payout ratio is presently 75.05%.
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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