Raymond James & Associates Sells 2,368 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Raymond James & Associates decreased its stake in OneMain Holdings, Inc. (NYSE:OMF) by 6.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 33,848 shares of the financial services provider’s stock after selling 2,368 shares during the quarter. Raymond James & Associates’ holdings in OneMain were worth $1,665,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in OneMain in the 4th quarter valued at approximately $112,000. Handelsinvest Investeringsforvaltning bought a new position in shares of OneMain during the fourth quarter valued at $315,000. FCF Advisors LLC bought a new position in shares of OneMain during the fourth quarter valued at $560,000. Arden Trust Co bought a new position in shares of OneMain during the fourth quarter valued at $236,000. Finally, Public Employees Retirement System of Ohio raised its stake in shares of OneMain by 0.7% during the third quarter. Public Employees Retirement System of Ohio now owns 51,100 shares of the financial services provider’s stock valued at $2,049,000 after acquiring an additional 350 shares during the last quarter. Institutional investors own 85.82% of the company’s stock.

OneMain Price Performance

Shares of OMF opened at $47.89 on Friday. OneMain Holdings, Inc. has a one year low of $33.67 and a one year high of $51.65. The company has a market cap of $5.74 billion, a PE ratio of 9.00, a P/E/G ratio of 0.66 and a beta of 1.65. The stock has a 50-day moving average of $48.13 and a 200-day moving average of $44.75.

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

OneMain Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Tuesday, February 20th were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 8.35%. The ex-dividend date was Friday, February 16th. OneMain’s payout ratio is 75.19%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on OMF shares. Wells Fargo & Company raised their price target on shares of OneMain from $43.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, January 4th. Citigroup dropped their price target on shares of OneMain from $54.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. JMP Securities reaffirmed a “market outperform” rating and set a $57.00 price target on shares of OneMain in a research note on Wednesday. JPMorgan Chase & Co. increased their price objective on shares of OneMain from $47.00 to $51.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 3rd. Finally, StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 14th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, OneMain currently has an average rating of “Moderate Buy” and an average target price of $51.54.

About OneMain

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.