Handelsbanken Fonder AB Has $929,000 Position in OneMain Holdings, Inc. (NYSE:OMF)

Handelsbanken Fonder AB lifted its stake in OneMain Holdings, Inc. (NYSE:OMF) by 8.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,881 shares of the financial services provider’s stock after acquiring an additional 1,500 shares during the quarter. Handelsbanken Fonder AB’s holdings in OneMain were worth $929,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Signaturefd LLC increased its stake in shares of OneMain by 11.1% in the fourth quarter. Signaturefd LLC now owns 6,414 shares of the financial services provider’s stock worth $316,000 after acquiring an additional 642 shares during the last quarter. Verdence Capital Advisors LLC increased its stake in shares of OneMain by 1.3% in the fourth quarter. Verdence Capital Advisors LLC now owns 36,163 shares of the financial services provider’s stock worth $1,779,000 after acquiring an additional 455 shares during the last quarter. Redmont Wealth Advisors LLC acquired a new position in shares of OneMain in the fourth quarter worth $209,000. Xponance Inc. acquired a new position in shares of OneMain in the fourth quarter worth $201,000. Finally, Federated Hermes Inc. increased its stake in shares of OneMain by 101.8% in the fourth quarter. Federated Hermes Inc. now owns 10,476 shares of the financial services provider’s stock worth $515,000 after acquiring an additional 5,286 shares during the last quarter. 85.82% of the stock is owned by institutional investors and hedge funds.

OneMain Stock Up 0.7 %

OMF stock opened at $50.89 on Monday. OneMain Holdings, Inc. has a twelve month low of $33.67 and a twelve month high of $51.65. The company has a market cap of $6.10 billion, a PE ratio of 9.57, a price-to-earnings-growth ratio of 0.70 and a beta of 1.65. The business’s 50-day simple moving average is $48.60 and its 200 day simple moving average is $45.36.

OneMain (NYSE:OMF) last released its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.02. The company had revenue of $1.19 billion for 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 period in the previous year, the business earned $1.56 earnings per share. On average, equities research analysts anticipate that OneMain Holdings, Inc. will post 5.67 EPS for the current year.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Tuesday, February 20th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 7.86%. The ex-dividend date of this dividend was Friday, February 16th. OneMain’s payout ratio is 75.19%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of OneMain from $47.00 to $51.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 3rd. Wells Fargo & Company raised their target price on 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 OneMain from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Monday, April 1st. JMP Securities restated a “market outperform” rating and set a $57.00 target price on shares of OneMain in a report on Wednesday, April 17th. Finally, StockNews.com upgraded OneMain from a “hold” rating to a “buy” rating in a report on Wednesday, February 14th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average 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.