IMA Wealth Inc. increased its position in OneMain Holdings, Inc. (NYSE:OMF – Get Rating) by 14.0% in the third quarter, according to its latest Form 13F filed with the SEC. The institutional investor owned 98,324 shares in the financial services provider after acquiring an additional 12,064 shares in him during the period. IMA Wealth Inc. owned 0.08% of his OneMain worth $2,903,000 as of the latest SEC filing.
Several other institutional investors and hedge funds have also increased or decreased their stakes in OMF. Steward Partners Investment Advisory LLC raised his stake in Onemain by 78.9% in the second quarter. He now owns 680 shares of the financial services provider worth $25,000 after Steward Partners Investment Advisory LLC purchased an additional 300 of his shares during the previous quarter. Wipfli Financial Advisors LLC bought a new stake in his OneMain worth about $26,000 in the third quarter. Atlas Capital Advisors LLC purchased approximately $29,000 worth of new OneMain stock in the second quarter. Geneos Wealth Management Inc. increased his OneMain stake by 129.0% in the first quarter. Geneos Wealth Management Inc. now owns 710 shares of the financial services provider worth $33,000 after purchasing an additional 400 shares during the previous quarter. Finally, Quadrant Capital Group LLC increased his OneMain stake by 42.4% in the second quarter. Quadrant Capital Group LLC now owns 1,368 shares of the financial services provider, valued at $51,000, after purchasing an additional 407 shares during the previous quarter. Institutional investors own 84.29% of the company’s shares.
Analyst upgrades and downgrades
Several analysts have recently commented on the OMF stock. Northland Securities raised OneMain’s price target from $45.00 to $50.00, giving it an “outperform” rating in its research notes on Wednesday, February 8th. Credit Suisse Group has increased OneMain’s price target from $45.00 to $54.00, giving it an “excellent” rating in its research report on Wednesday, February 8th. Royal Bank of Canada has raised OneMain’s price target from $48.00 to $53.00, giving the company an “excellent” rating in its research report on Monday, February 13. Piper Sandler has raised OneMain’s price target from $47.00 to $51.00, giving the company an “Overweight” rating in a research report on Wednesday, February 8th. Finally, TheStreet upped her OneMain from a “c+” rating to a “b-” rating in her Thursday, January 26th investigative report. Three analysts rated the stock with a Hold rating and ten analysts issued a Buy rating on the stock. According to MarketBeat.com data, the stock has a consensus rating of “moderate buy” and a consensus target price of $55.69.
One main price performance
OMF shares fell $0.57 to reach $39.19 in intraday trading on Friday. 977,533 shares of stock were exchanged, but the average turnover was 1,428,387 shares for him. The stock has a market cap of $4.73 billion, a price/earnings ratio of 5.65 and a beta of 1.72. His 50-day moving average price for this business is $41.46 and his 200-day moving average price is $37.32. OneMain Holdings, Inc. has a 12-month low of $28.77 and a 12-month high of $50.80.
OneMain (NYSE:OMF – Get Rating) last released quarterly earnings data on Tuesday, February 7. The financial services provider reported EPS of $1.56 for the quarter, beating consensus expectations of $1.50 by $0.06. The company made $1.06 billion in revenue for the quarter, compared to the consensus forecast of $1.06 billion. OneMain’s return on equity was 29.99% and net profit margin was 19.10%. The company’s quarterly revenue increased 3.7% year-over-year. During the same quarter last year, the business earned him $2.38 per share. As a group, equity analysts expect OneMain Holdings, Inc. to post 6.39 EPS for the current financial year.
OneMain raises dividend
The company recently announced its quarterly dividend, which was paid on Friday, February 24th. Dividends of $1.00 were issued to shareholders of record on Friday, February 17th. The ex-dividend date was Thursday, February 16. This represents his $4.00 dividend and a 10.21% dividend yield on an annualized basis. This is up from OneMain’s previous quarterly dividend of $0.95. OneMain’s payout percentage is currently 56.82%.
About one main
OneMain Holdings, Inc. is a consumer finance company that originates, underwrites and services personal loans primarily to non-prime customers. It operates through the Consumer and Insurance segment. The Consumer and Insurance segment combines branch networks, digital platforms and centralized operations to serve secured and unsecured personal loans, facilitated credit, non-credit insurance and related products.
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