Raymond James Financial Services Advisors Inc. Cuts Position in OneMain Holdings, Inc. (NYSE:OMF)

Raymond James Financial Services Advisors Inc. reduced its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 57.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,004 shares of the financial services provider’s stock after selling 6,669 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in OneMain were worth $246,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Invesco Ltd. boosted its holdings in shares of OneMain by 36.5% in the 3rd quarter. Invesco Ltd. now owns 565,150 shares of the financial services provider’s stock valued at $22,657,000 after buying an additional 151,226 shares in the last quarter. Jump Financial LLC purchased a new position in OneMain during the 3rd quarter worth $1,351,000. Robertson Stephens Wealth Management LLC purchased a new stake in OneMain in the third quarter valued at about $855,000. Seven Eight Capital LP acquired a new stake in OneMain in the third quarter worth about $1,672,000. Finally, Hsbc Holdings PLC grew its stake in shares of OneMain by 630.4% during the third quarter. Hsbc Holdings PLC now owns 36,183 shares of the financial services provider’s stock worth $1,459,000 after acquiring an additional 31,229 shares during the last quarter. Institutional investors own 85.82% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of OneMain in a research note on Wednesday, January 10th. They set a “buy” rating and a $68.00 price objective for the company. StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a report on Wednesday, February 14th. Wells Fargo & Company upped 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. Royal Bank of Canada raised their target price on shares of OneMain from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Finally, Northland Securities downgraded OneMain from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $46.00 to $49.00 in a research report on Wednesday, January 17th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $51.54.

OneMain Price Performance

Shares of NYSE:OMF opened at $50.42 on Wednesday. The business’s 50 day moving average price is $48.26 and its 200-day moving average price is $45.00. OneMain Holdings, Inc. has a 1 year low of $33.67 and a 1 year high of $51.65. The firm has a market capitalization of $6.04 billion, a price-to-earnings ratio of 9.48, a price-to-earnings-growth ratio of 0.67 and a beta of 1.65.

OneMain (NYSE:OMF) last posted its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.02. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $913.90 million. OneMain had a net margin of 14.04% and a return on equity of 21.07%. During the same period in the prior year, the business posted $1.56 earnings per share. On average, sell-side analysts expect that OneMain Holdings, Inc. will post 5.67 earnings per share for the current year.

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Tuesday, February 20th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 7.93%. The ex-dividend date was Friday, February 16th. OneMain’s payout ratio is 75.19%.

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.