Allspring Global Investments Holdings LLC Increases Stake in OneMain Holdings, Inc. $OMF

Allspring Global Investments Holdings LLC boosted its stake in OneMain Holdings, Inc. (NYSE:OMF) by 24.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 259,803 shares of the financial services provider’s stock after buying an additional 50,521 shares during the period. Allspring Global Investments Holdings LLC owned 0.22% of OneMain worth $17,945,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. grew its position in shares of OneMain by 33.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 289,943 shares of the financial services provider’s stock worth $16,370,000 after buying an additional 72,688 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its position in OneMain by 84.2% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 234,521 shares of the financial services provider’s stock valued at $13,241,000 after acquiring an additional 107,204 shares during the period. D.A. Davidson & CO. boosted its stake in OneMain by 43.1% during the third quarter. D.A. Davidson & CO. now owns 34,385 shares of the financial services provider’s stock worth $1,941,000 after acquiring an additional 10,357 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in OneMain during the third quarter worth about $907,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in OneMain by 51.6% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 91,026 shares of the financial services provider’s stock worth $5,139,000 after purchasing an additional 30,977 shares during the period. 85.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on OMF shares. Royal Bank Of Canada upped their price target on OneMain from $70.00 to $73.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. TD Cowen reiterated a “buy” rating on shares of OneMain in a research note on Thursday, January 8th. Stephens dropped their target price on OneMain to $76.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. Wall Street Zen cut OneMain from a “buy” rating to a “hold” rating in a research note on Sunday, January 18th. Finally, Wells Fargo & Company reduced their price target on OneMain from $75.00 to $70.00 and set an “equal weight” rating for the company in a report on Friday, February 6th. Eight analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $69.89.

OneMain Trading Up 0.1%

OneMain stock opened at $54.12 on Friday. OneMain Holdings, Inc. has a 12 month low of $38.00 and a 12 month high of $71.93. The stock has a fifty day simple moving average of $56.55 and a two-hundred day simple moving average of $60.05. The firm has a market cap of $6.34 billion, a price-to-earnings ratio of 8.24, a PEG ratio of 0.40 and a beta of 1.30.

OneMain (NYSE:OMF) last announced its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.04. OneMain had a return on equity of 23.76% and a net margin of 14.35%.The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the company posted $1.16 earnings per share. On average, equities research analysts forecast that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 23rd. Stockholders of record on Tuesday, February 17th were issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend was Tuesday, February 17th. OneMain’s dividend payout ratio (DPR) is presently 63.93%.

Insider Activity at OneMain

In other news, COO Micah R. Conrad sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $58.00, for a total transaction of $290,000.00. Following the completion of the transaction, the chief operating officer directly owned 106,250 shares of the company’s stock, valued at $6,162,500. The trade was a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.40% of the stock is owned by corporate insiders.

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.