abrdn plc Has $7.87 Million Stake in OneMain Holdings, Inc. (NYSE:OMF)

abrdn plc trimmed its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 20.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 160,000 shares of the financial services provider’s stock after selling 40,000 shares during the quarter. abrdn plc owned approximately 0.13% of OneMain worth $7,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in OMF. AE Wealth Management LLC raised its stake in shares of OneMain by 27.8% in the 3rd quarter. AE Wealth Management LLC now owns 9,001 shares of the financial services provider’s stock valued at $361,000 after acquiring an additional 1,959 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of OneMain by 3.0% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 97,198 shares of the financial services provider’s stock valued at $3,897,000 after acquiring an additional 2,800 shares in the last quarter. Sippican Capital Advisors raised its stake in shares of OneMain by 2.9% in the 3rd quarter. Sippican Capital Advisors now owns 33,399 shares of the financial services provider’s stock valued at $1,339,000 after acquiring an additional 945 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of OneMain by 5.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,052,225 shares of the financial services provider’s stock valued at $42,184,000 after acquiring an additional 58,079 shares in the last quarter. Finally, Verdence Capital Advisors LLC increased its position in OneMain by 1.0% in the 3rd quarter. Verdence Capital Advisors LLC now owns 35,708 shares of the financial services provider’s stock worth $1,432,000 after buying an additional 363 shares during the period. 85.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

OMF has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on OneMain from $47.00 to $51.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 3rd. Barclays dropped their price target on OneMain from $57.00 to $54.00 and set an “overweight” rating on the stock in a research report on Thursday, February 8th. Stephens dropped their price target on OneMain from $61.00 to $57.00 and set an “overweight” rating on the stock in a research report on Thursday, February 8th. Citigroup lowered their price objective on OneMain from $54.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Finally, Royal Bank of Canada boosted their price objective on OneMain from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $51.54.

OneMain Stock Up 0.8 %

OMF stock opened at $50.90 on Friday. The company has a market cap of $6.10 billion, a P/E ratio of 9.57, a PEG ratio of 0.71 and a beta of 1.65. OneMain Holdings, Inc. has a twelve month low of $33.67 and a twelve month high of $51.65. The business has a fifty day moving average of $48.51 and a 200-day moving average of $45.17.

OneMain (NYSE:OMF) last released its earnings results 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 the consensus estimate 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 company posted $1.56 earnings per share. As a group, equities research analysts anticipate that OneMain Holdings, Inc. will post 5.67 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The business 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. The ex-dividend date was Friday, February 16th. This represents a $4.00 dividend on an annualized basis and a yield of 7.86%. OneMain’s dividend payout ratio is presently 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.