Ascent Group LLC Boosts Stock Position in OneMain Holdings, Inc. $OMF

Ascent Group LLC grew its stake in OneMain Holdings, Inc. (NYSE:OMF) by 233.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,876 shares of the financial services provider’s stock after purchasing an additional 13,209 shares during the quarter. Ascent Group LLC’s holdings in OneMain were worth $1,275,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Nisa Investment Advisors LLC raised its position in shares of OneMain by 7.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 63,999 shares of the financial services provider’s stock worth $4,323,000 after purchasing an additional 4,590 shares during the last quarter. Range Financial Group LLC boosted its holdings in OneMain by 10.2% in the 4th quarter. Range Financial Group LLC now owns 34,221 shares of the financial services provider’s stock worth $2,312,000 after buying an additional 3,157 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in OneMain by 24.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 259,803 shares of the financial services provider’s stock worth $17,945,000 after buying an additional 50,521 shares in the last quarter. Spire Wealth Management increased its stake in OneMain by 83.2% during the 4th quarter. Spire Wealth Management now owns 700 shares of the financial services provider’s stock worth $47,000 after buying an additional 318 shares in the last quarter. Finally, Baron Wealth Management LLC acquired a new position in shares of OneMain during the fourth quarter valued at approximately $212,000. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Stephens decreased their target price on OneMain to $76.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Evercore set a $55.00 price objective on OneMain in a research note on Tuesday, March 17th. Barclays reduced their price objective on OneMain from $71.00 to $62.00 and set an “equal weight” rating for the company in a research note on Monday. Wall Street Zen downgraded OneMain from a “buy” rating to a “hold” rating in a research note on Sunday, January 18th. Finally, TD Cowen reissued a “buy” rating on shares of OneMain in a research note on Thursday, January 8th. Eight investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, OneMain currently has an average rating of “Moderate Buy” and a consensus price target of $68.89.

OneMain Stock Performance

NYSE OMF opened at $54.94 on Tuesday. The business has a fifty day moving average price of $56.34 and a 200 day moving average price of $60.00. OneMain Holdings, Inc. has a one year low of $38.00 and a one year high of $71.93. The company has a market cap of $6.44 billion, a P/E ratio of 8.36, a P/E/G ratio of 0.40 and a beta of 1.30.

OneMain (NYSE:OMF) last posted its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.59 EPS for the quarter, beating the consensus estimate of $1.55 by $0.04. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.28 billion. OneMain had a return on equity of 23.76% and a net margin of 14.35%.During the same period in the prior year, the company earned $1.16 EPS. As a group, sell-side analysts predict that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 23rd. Shareholders of record on Tuesday, February 17th were paid a dividend of $1.05 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $4.20 dividend on an annualized basis and a yield of 7.6%. OneMain’s payout ratio is 63.93%.

Insiders Place Their Bets

In other OneMain news, COO Micah R. Conrad sold 5,000 shares of the business’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $58.00, for a total transaction of $290,000.00. Following the transaction, the chief operating officer owned 106,250 shares of the company’s stock, valued at approximately $6,162,500. The trade was a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.40% of the company’s stock.

OneMain Company Profile

OneMain Financial (NYSE: OMF) is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.

Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.