Ameriprise Financial Inc. Purchases 3,631 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Ameriprise Financial Inc. increased its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 4.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 87,527 shares of the financial services provider’s stock after acquiring an additional 3,631 shares during the period. Ameriprise Financial Inc. owned about 0.07% of OneMain worth $4,563,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of OMF. Wellington Management Group LLP raised its stake in shares of OneMain by 395.9% during the fourth quarter. Wellington Management Group LLP now owns 2,249,762 shares of the financial services provider’s stock valued at $117,280,000 after acquiring an additional 1,796,054 shares during the last quarter. Norges Bank bought a new position in OneMain during the 4th quarter worth $72,936,000. FMR LLC raised its position in OneMain by 14.3% during the 4th quarter. FMR LLC now owns 10,835,668 shares of the financial services provider’s stock worth $564,863,000 after purchasing an additional 1,352,604 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in OneMain by 54.1% during the 4th quarter. Clearbridge Investments LLC now owns 2,885,961 shares of the financial services provider’s stock worth $150,445,000 after buying an additional 1,013,312 shares during the period. Finally, William Blair Investment Management LLC bought a new stake in shares of OneMain in the 4th quarter valued at about $46,195,000. Institutional investors and hedge funds own 85.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on OMF shares. Royal Bank of Canada raised their price objective on OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Wall Street Zen upgraded shares of OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Evercore ISI initiated coverage on shares of OneMain in a research note on Tuesday, March 25th. They issued an “in-line” rating and a $58.00 price objective on the stock. Barclays set a $56.00 target price on shares of OneMain in a research note on Friday, March 14th. Finally, Northland Capmk raised shares of OneMain from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 8th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $58.40.

OneMain Price Performance

OMF stock opened at $50.18 on Monday. The company’s 50-day moving average is $47.86 and its 200-day moving average is $51.93. The stock has a market capitalization of $5.97 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 0.44 and a beta of 1.28. OneMain Holdings, Inc. has a 1 year low of $38.00 and a 1 year high of $58.90.

OneMain (NYSE:OMF) last announced its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.17. The business had revenue of $188.00 million for the quarter, compared to analyst estimates of $1.16 billion. OneMain had a return on equity of 18.39% and a net margin of 10.19%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.45 earnings per share. On average, analysts anticipate that OneMain Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

OneMain Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 9th were given a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 8.29%. The ex-dividend date of this dividend was Friday, May 9th. OneMain’s payout ratio is currently 87.95%.

Insider Buying and Selling at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $47.49, for a total transaction of $1,187,250.00. Following the completion of the sale, the chief executive officer now directly owns 343,925 shares of the company’s stock, valued at approximately $16,332,998.25. The trade was a 6.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.40% of the stock is currently owned by company insiders.

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.