California Public Employees Retirement System Decreases Stock Position in OneMain Holdings, Inc. (NYSE:OMF)

California Public Employees Retirement System cut its position in OneMain Holdings, Inc. (NYSE:OMFGet Rating) by 5.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 202,011 shares of the financial services provider’s stock after selling 11,912 shares during the quarter. California Public Employees Retirement System’s holdings in OneMain were worth $7,551,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in OMF. Truist Financial Corp boosted its stake in OneMain by 30.0% during the 1st quarter. Truist Financial Corp now owns 11,210 shares of the financial services provider’s stock valued at $531,000 after acquiring an additional 2,589 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in OneMain by 6.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 94,348 shares of the financial services provider’s stock valued at $4,473,000 after acquiring an additional 5,721 shares during the last quarter. Thoroughbred Financial Services LLC bought a new position in OneMain during the 1st quarter valued at $330,000. Commonwealth Equity Services LLC boosted its stake in OneMain by 34.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 7,546 shares of the financial services provider’s stock valued at $357,000 after acquiring an additional 1,935 shares during the last quarter. Finally, Clearstead Advisors LLC bought a new position in OneMain during the 1st quarter valued at $276,000. 81.90% of the stock is currently owned by institutional investors.

OneMain Trading Up 0.6 %

OneMain stock opened at $38.26 on Thursday. OneMain Holdings, Inc. has a 52 week low of $28.77 and a 52 week high of $55.50. The company’s 50-day moving average price is $34.37 and its two-hundred day moving average price is $37.40. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 5.05 and a beta of 1.68.

OneMain (NYSE:OMFGet Rating) last posted its quarterly earnings data on Wednesday, October 26th. The financial services provider reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.28. OneMain had a net margin of 20.29% and a return on equity of 33.73%. The company had revenue of $895.00 million during the quarter, compared to analyst estimates of $900.45 million. Research analysts expect that OneMain Holdings, Inc. will post 7.26 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Monday, November 7th were given a dividend of $0.95 per share. The ex-dividend date was Friday, November 4th. This represents a $3.80 annualized dividend and a dividend yield of 9.93%. OneMain’s dividend payout ratio (DPR) is 50.13%.

Analysts Set New Price Targets

OMF has been the topic of a number of research analyst reports. Citigroup increased their price objective on shares of OneMain from $38.00 to $39.00 in a research note on Friday, October 28th. StockNews.com cut shares of OneMain from a “buy” rating to a “hold” rating in a report on Friday, October 28th. Royal Bank of Canada dropped their price objective on shares of OneMain from $51.00 to $46.00 and set an “outperform” rating on the stock in a report on Tuesday, October 25th. Credit Suisse Group increased their price objective on shares of OneMain from $46.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday, October 28th. Finally, Wells Fargo & Company dropped their price objective on shares of OneMain from $40.00 to $33.00 in a report on Thursday, October 20th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $46.64.

OneMain Company Profile

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OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses. The company originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit cards and insurance products comprising life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.

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Institutional Ownership by Quarter for OneMain (NYSE:OMF)

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