29,031 Shares in OneMain Holdings, Inc. (NYSE:OMF) Bought by Cerity Partners LLC

Cerity Partners LLC bought a new position in shares of OneMain Holdings, Inc. (NYSE:OMF) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 29,031 shares of the financial services provider’s stock, valued at approximately $1,429,000.

Several other institutional investors have also recently made changes to their positions in OMF. JPMorgan Chase & Co. raised its holdings in shares of OneMain by 43.2% during the first quarter. JPMorgan Chase & Co. now owns 200,354 shares of the financial services provider’s stock worth $9,500,000 after purchasing an additional 60,428 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in OneMain by 106.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 13,392 shares of the financial services provider’s stock valued at $635,000 after buying an additional 6,898 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in OneMain in the first quarter valued at $534,000. Bank of Montreal Can increased its holdings in OneMain by 72.6% in the first quarter. Bank of Montreal Can now owns 49,082 shares of the financial services provider’s stock valued at $2,336,000 after buying an additional 20,646 shares in the last quarter. Finally, MetLife Investment Management LLC purchased a new position in OneMain in the first quarter valued at $104,000. Hedge funds and other institutional investors own 85.82% of the company’s stock.

OneMain Trading Up 1.7 %

Shares of NYSE OMF opened at $48.70 on Friday. OneMain Holdings, Inc. has a 12-month low of $33.67 and a 12-month high of $51.65. The stock has a market cap of $5.83 billion, a PE ratio of 9.15, a P/E/G ratio of 0.66 and a beta of 1.65. The company has a 50-day moving average of $48.21 and a 200 day moving average of $44.87.

OneMain (NYSE:OMF) last announced its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, beating 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 quarter in the prior year, the company earned $1.56 EPS. On average, sell-side analysts forecast that OneMain Holdings, Inc. will post 5.67 EPS for the current fiscal year.

OneMain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Tuesday, February 20th were paid a dividend of $1.00 per share. The ex-dividend date was Friday, February 16th. This represents a $4.00 annualized dividend and a yield of 8.21%. OneMain’s dividend payout ratio is presently 75.19%.

Analysts Set New Price Targets

A number of research analysts have weighed in on OMF shares. Wells Fargo & Company lifted their price objective on shares of OneMain from $43.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, January 4th. Citigroup cut their price objective on shares of OneMain from $54.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, February 8th. JMP Securities reissued a “market outperform” rating and set a $57.00 target price on shares of OneMain in a research note on Wednesday. Royal Bank of Canada boosted their target price 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. Finally, Barclays cut their target price on shares of OneMain from $57.00 to $54.00 and set an “overweight” rating for the company in a research note on Thursday, February 8th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.