OneMain Holdings, Inc. (NYSE:OMF) Shares Sold by Strs Ohio

Strs Ohio lessened its position in OneMain Holdings, Inc. (NYSE:OMF) by 35.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,718 shares of the financial services provider’s stock after selling 13,918 shares during the period. Strs Ohio’s holdings in OneMain were worth $1,265,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Taylor Frigon Capital Management LLC bought a new stake in shares of OneMain in the 4th quarter worth $1,649,000. Phocas Financial Corp. raised its stake in shares of OneMain by 2.0% in the 4th quarter. Phocas Financial Corp. now owns 121,518 shares of the financial services provider’s stock worth $5,979,000 after buying an additional 2,332 shares in the last quarter. Lecap Asset Management Ltd. bought a new stake in shares of OneMain in the 4th quarter worth $473,000. Cerity Partners LLC acquired a new stake in shares of OneMain during the fourth quarter worth $1,429,000. Finally, Harbor Investment Advisory LLC raised its position in shares of OneMain by 26.1% during the fourth quarter. Harbor Investment Advisory LLC now owns 3,737 shares of the financial services provider’s stock worth $184,000 after purchasing an additional 773 shares during the period. Institutional investors own 85.82% of the company’s stock.

OneMain Price Performance

Shares of NYSE OMF opened at $49.16 on Tuesday. OneMain Holdings, Inc. has a one year low of $33.67 and a one year high of $51.65. The business’s 50-day moving average price is $48.26 and its two-hundred day moving average price is $45.00. The company has a market capitalization of $5.89 billion, a P/E ratio of 9.24, a price-to-earnings-growth ratio of 0.67 and a beta of 1.65.

OneMain (NYSE:OMF) last announced its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.37 by $0.02. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $913.90 million. OneMain had a return on equity of 21.07% and a net margin of 14.04%. During the same quarter in the previous year, the business posted $1.56 EPS. On average, equities analysts anticipate that OneMain Holdings, Inc. will post 5.67 EPS for the current 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 $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 8.14%. The ex-dividend date was Friday, February 16th. OneMain’s payout ratio is presently 75.19%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on OMF. JPMorgan Chase & Co. boosted their target price on OneMain from $47.00 to $51.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 3rd. Barclays cut their target price on OneMain from $57.00 to $54.00 and set an “overweight” rating on the stock in a research report on Thursday, February 8th. Piper Sandler lowered OneMain from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $55.00 to $49.00 in a research report on Thursday, February 8th. JMP Securities reaffirmed a “market outperform” rating and set a $57.00 target price on shares of OneMain in a research report on Wednesday, April 17th. Finally, StockNews.com raised OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 14th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, OneMain presently has a consensus rating of “Moderate Buy” and an average price target 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.