Pictet Asset Management SA Buys 1,495 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Pictet Asset Management SA increased its stake in shares of OneMain Holdings, Inc. (NYSE:OMFGet Rating) by 30.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,466 shares of the financial services provider’s stock after buying an additional 1,495 shares during the quarter. Pictet Asset Management SA’s holdings in OneMain were worth $242,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Robeco Institutional Asset Management B.V. lifted its position in shares of OneMain by 24.0% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 49,447 shares of the financial services provider’s stock worth $1,849,000 after buying an additional 9,558 shares during the period. Fox Run Management L.L.C. raised its position in OneMain by 11.6% in the 1st quarter. Fox Run Management L.L.C. now owns 4,788 shares of the financial services provider’s stock valued at $227,000 after purchasing an additional 496 shares during the last quarter. Key Financial Inc bought a new position in OneMain in the 2nd quarter valued at $37,000. SG Americas Securities LLC bought a new position in OneMain in the 2nd quarter valued at $113,000. Finally, Westpac Banking Corp raised its position in OneMain by 10.5% in the 1st quarter. Westpac Banking Corp now owns 14,086 shares of the financial services provider’s stock valued at $668,000 after purchasing an additional 1,344 shares during the last quarter. Institutional investors own 81.90% of the company’s stock.

OneMain Stock Up 0.6 %

Shares of OneMain stock opened at $38.26 on Thursday. OneMain Holdings, Inc. has a 12 month low of $28.77 and a 12 month high of $55.50. The business has a fifty day simple moving average of $34.37 and a 200 day simple moving average of $37.40. The stock has a market cap of $4.68 billion, a PE ratio of 5.05 and a beta of 1.68.

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

OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 14th. Shareholders of record on Monday, November 7th were paid a $0.95 dividend. The ex-dividend date of this dividend was Friday, November 4th. This represents a $3.80 dividend on an annualized basis and a yield of 9.93%. OneMain’s payout ratio is 50.13%.

Analysts Set New Price Targets

OMF has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective on OneMain from $75.00 to $53.00 in a research report on Friday, July 29th. Citigroup lifted their price objective on OneMain from $38.00 to $39.00 in a research report on Friday, October 28th. Wells Fargo & Company lowered their target price on OneMain from $40.00 to $33.00 in a research note on Thursday, October 20th. Barclays lowered their target price on OneMain from $57.00 to $49.00 and set an “overweight” rating for the company in a research note on Thursday, October 13th. Finally, BMO Capital Markets lowered their target price on OneMain from $58.00 to $50.00 in a research note on Monday, August 1st. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $46.64.

OneMain 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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