State of New Jersey Common Pension Fund D Purchases 4,021 Shares of OneMain Holdings, Inc. (NYSE:OMF)

State of New Jersey Common Pension Fund D boosted its holdings in shares of OneMain Holdings, Inc. (NYSE:OMFGet Rating) by 6.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 67,204 shares of the financial services provider’s stock after buying an additional 4,021 shares during the period. State of New Jersey Common Pension Fund D’s holdings in OneMain were worth $1,984,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC boosted its position in shares of OneMain by 78.9% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 680 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 300 shares during the last quarter. Wipfli Financial Advisors LLC bought a new stake in OneMain during the third quarter valued at approximately $26,000. Atlas Capital Advisors LLC purchased a new position in OneMain in the 2nd quarter worth approximately $29,000. Geneos Wealth Management Inc. increased its holdings in shares of OneMain by 129.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 710 shares of the financial services provider’s stock worth $33,000 after buying an additional 400 shares during the last quarter. Finally, Key Financial Inc purchased a new stake in shares of OneMain during the 2nd quarter valued at $37,000. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

OneMain Trading Down 1.2 %

Shares of NYSE:OMF opened at $38.39 on Friday. The company has a 50-day moving average price of $36.57 and a 200-day moving average price of $36.20. The company has a market cap of $4.69 billion, a price-to-earnings ratio of 5.06 and a beta of 1.72. OneMain Holdings, Inc. has a 12 month low of $28.77 and a 12 month high of $55.22.

OneMain (NYSE:OMFGet Rating) last released its quarterly earnings results 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. The company had revenue of $895.00 million for the quarter, compared to analyst estimates of $900.45 million. OneMain had a return on equity of 33.73% and a net margin of 20.29%. As a group, research analysts forecast that OneMain Holdings, Inc. will post 7.24 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 given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 9.90%. The ex-dividend date was Friday, November 4th. OneMain’s dividend payout ratio (DPR) is 50.13%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on OMF. Wells Fargo & Company reduced their target price on OneMain from $40.00 to $33.00 in a research note on Thursday, October 20th. Royal Bank of Canada decreased their price objective on OneMain from $51.00 to $46.00 and set an “outperform” rating on the stock in a report on Tuesday, October 25th. Compass Point dropped their target price on OneMain to $53.00 in a research report on Thursday, October 20th. StockNews.com cut shares of OneMain from a “buy” rating to a “hold” rating in a research report on Friday, October 28th. Finally, Barclays lowered shares of OneMain from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $49.00 to $39.00 in a report on Friday, January 6th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $44.91.

OneMain Profile

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OneMain Holdings, Inc is a consumer finance company, which provides origination, underwriting and servicing of personal loans, primarily to non-prime customers. It operates through the following segments: Consumer & Insurance and Other segments. The Consumer & Insurance segment consists of service secured and unsecured personal loans, voluntary credit and non-credit insurance, and related products through its combined branch network, digital platform, and centralized operations.

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Institutional Ownership by Quarter for OneMain (NYSE:OMF)

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