OneMain Holdings, Inc. (NYSE:OMF) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lessened its position in OneMain Holdings, Inc. (NYSE:OMF) by 19.8% during the fourth quarter, Holdings Channel reports. The fund owned 5,856 shares of the financial services provider’s stock after selling 1,448 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in OneMain were worth $289,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Quantbot Technologies LP acquired a new stake in shares of OneMain in the 3rd quarter worth about $26,000. Geneos Wealth Management Inc. increased its stake in OneMain by 129.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 710 shares of the financial services provider’s stock valued at $33,000 after buying an additional 400 shares during the period. Blue Trust Inc. increased its stake in OneMain by 49.9% during the 4th quarter. Blue Trust Inc. now owns 730 shares of the financial services provider’s stock valued at $36,000 after buying an additional 243 shares during the period. International Assets Investment Management LLC acquired a new position in OneMain during the 3rd quarter valued at about $30,000. Finally, Atlas Capital Advisors LLC acquired a new position in OneMain during the 2nd quarter valued at about $29,000. Institutional investors and hedge funds own 85.82% of the company’s stock.

OneMain Price Performance

Shares of OMF opened at $47.43 on Wednesday. OneMain Holdings, Inc. has a one year low of $33.67 and a one year high of $51.65. The company has a 50-day moving average of $48.00 and a two-hundred day moving average of $44.71. The stock has a market cap of $5.68 billion, a price-to-earnings ratio of 8.92, a PEG ratio of 0.65 and a beta of 1.65.

OneMain (NYSE:OMF) last announced its earnings results on Wednesday, February 7th. The financial services provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.37 by $0.02. OneMain had a net margin of 14.04% and a return on equity of 21.07%. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $913.90 million. During the same period last year, the company posted $1.56 earnings per share. Analysts anticipate that OneMain Holdings, Inc. will post 5.67 earnings per share for the current year.

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Tuesday, February 20th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 8.43%. The ex-dividend date of this dividend was Friday, February 16th. OneMain’s dividend payout ratio is currently 75.19%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. JPMorgan Chase & Co. raised their target price on shares of OneMain from $47.00 to $51.00 and gave the company an “overweight” rating in a research note on Wednesday, April 3rd. Barclays lowered their target price on shares of OneMain from $57.00 to $54.00 and set an “overweight” rating on the stock in a research note on Thursday, February 8th. Stephens lowered their target price on shares of OneMain from $61.00 to $57.00 and set an “overweight” rating on the stock in a research note on Thursday, February 8th. Piper Sandler cut shares of OneMain from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $55.00 to $49.00 in a research note on Thursday, February 8th. Finally, Royal Bank of Canada lifted their price objective on shares of OneMain from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $51.54.

OneMain Company Profile

OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses in the United States. It originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit cards; optional credit insurance products, including life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.