Envestnet Asset Management Inc. Cuts Stake in OneMain Holdings, Inc. (NYSE:OMF)

Envestnet Asset Management Inc. decreased its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 76.0% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 96,584 shares of the financial services provider’s stock after selling 306,165 shares during the period. Envestnet Asset Management Inc. owned approximately 0.08% of OneMain worth $4,220,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Rockefeller Capital Management L.P. raised its holdings in OneMain by 153.0% during the 1st quarter. Rockefeller Capital Management L.P. now owns 1,951,127 shares of the financial services provider’s stock valued at $72,346,000 after buying an additional 1,179,938 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in OneMain during the 2nd quarter valued at $211,000. FMR LLC raised its holdings in OneMain by 7.0% during the 1st quarter. FMR LLC now owns 10,860,979 shares of the financial services provider’s stock valued at $402,725,000 after buying an additional 711,440 shares during the last quarter. Barnett & Company Inc. raised its holdings in OneMain by 10.0% during the 1st quarter. Barnett & Company Inc. now owns 118,273 shares of the financial services provider’s stock valued at $4,386,000 after buying an additional 10,800 shares during the last quarter. Finally, Barclays PLC raised its holdings in OneMain by 35.8% during the 1st quarter. Barclays PLC now owns 42,486 shares of the financial services provider’s stock valued at $1,576,000 after buying an additional 11,202 shares during the last quarter. Hedge funds and other institutional investors own 79.70% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Royal Bank of Canada lowered their price target on shares of OneMain from $55.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, October 27th. BMO Capital Markets decreased their price objective on shares of OneMain from $42.00 to $38.00 and set a “market perform” rating for the company in a report on Thursday, October 26th. Citigroup decreased their price objective on shares of OneMain from $50.00 to $46.00 and set a “buy” rating for the company in a report on Friday, October 6th. JPMorgan Chase & Co. decreased their price objective on shares of OneMain from $48.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, October 17th. Finally, Barclays began coverage on shares of OneMain in a report on Wednesday, November 15th. They issued an “overweight” rating and a $51.00 price objective for the company. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, OneMain presently has a consensus rating of “Moderate Buy” and an average price target of $48.46.

OneMain Price Performance

Shares of OneMain stock opened at $38.54 on Tuesday. The company has a 50-day moving average of $38.32 and a 200 day moving average of $40.57. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of 7.11, a PEG ratio of 1.20 and a beta of 1.69. OneMain Holdings, Inc. has a 1 year low of $31.97 and a 1 year high of $48.64.

OneMain (NYSE:OMF) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.57 EPS for the quarter, beating the consensus estimate of $1.51 by $0.06. OneMain had a net margin of 14.58% and a return on equity of 22.12%. The company had revenue of $900.00 million for the quarter, compared to the consensus estimate of $907.28 million. On average, equities analysts anticipate that OneMain Holdings, Inc. will post 5.43 EPS for the current year.

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Monday, November 6th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 10.38%. The ex-dividend date was Friday, November 3rd. OneMain’s dividend payout ratio (DPR) is 73.80%.

OneMain 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.