Signaturefd LLC Buys 642 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Signaturefd LLC boosted its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 11.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,414 shares of the financial services provider’s stock after buying an additional 642 shares during the period. Signaturefd LLC’s holdings in OneMain were worth $316,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new stake in OneMain during the third quarter valued at $26,000. Blue Trust Inc. lifted its stake in OneMain by 49.9% during the fourth quarter. Blue Trust Inc. now owns 730 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 243 shares during the last quarter. ZRC Wealth Management LLC bought a new stake in OneMain during the fourth quarter worth about $45,000. Operose Advisors LLC bought a new stake in OneMain during the third quarter worth about $40,000. Finally, Allworth Financial LP lifted its stake in OneMain by 368.4% during the third quarter. Allworth Financial LP now owns 1,068 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 840 shares during the last quarter. Institutional investors own 85.82% of the company’s stock.

OneMain Price Performance

OMF opened at $50.90 on Friday. The business has a 50 day simple moving average of $48.51 and a two-hundred day simple moving average of $45.17. The firm has a market capitalization of $6.10 billion, a price-to-earnings ratio of 9.57, a PEG ratio of 0.71 and a beta of 1.65. OneMain Holdings, Inc. has a one year low of $33.67 and a one year high of $51.65.

OneMain (NYSE:OMF) last released its quarterly 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 quarter in the prior year, the company posted $1.56 EPS. As a group, sell-side analysts expect that OneMain Holdings, Inc. will post 5.67 EPS for the current fiscal year.

OneMain Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Tuesday, February 20th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 7.86%. The ex-dividend date was Friday, February 16th. OneMain’s dividend payout ratio is currently 75.19%.

Wall Street Analyst Weigh In

OMF has been the subject of several research analyst reports. Royal Bank of Canada lifted their price target on OneMain from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. Citigroup dropped their price target on OneMain from $54.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Barclays dropped their price target on OneMain from $57.00 to $54.00 and set an “overweight” rating for the company in a research note on Thursday, February 8th. StockNews.com upgraded OneMain from a “hold” rating to a “buy” rating in a report on Wednesday, February 14th. Finally, Northland Securities downgraded OneMain from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $46.00 to $49.00 in a report on Wednesday, January 17th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, OneMain presently has an average rating of “Moderate Buy” and an average target price of $51.54.

OneMain 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.