Wipfli Financial Advisors LLC Makes New $26,000 Investment in OneMain Holdings, Inc. (NYSE:OMF)

Wipfli Financial Advisors LLC acquired a new position in shares of OneMain Holdings, Inc. (NYSE:OMFGet Rating) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 870 shares of the financial services provider’s stock, valued at approximately $26,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Janney Montgomery Scott LLC grew its position in OneMain by 16.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 229,800 shares of the financial services provider’s stock worth $6,784,000 after purchasing an additional 31,900 shares during the last quarter. State of Michigan Retirement System grew its position in OneMain by 133.3% during the 3rd quarter. State of Michigan Retirement System now owns 2,170,000 shares of the financial services provider’s stock worth $64,058,000 after purchasing an additional 1,240,000 shares during the last quarter. Cubic Asset Management LLC boosted its holdings in shares of OneMain by 35.2% in the third quarter. Cubic Asset Management LLC now owns 18,330 shares of the financial services provider’s stock valued at $541,000 after acquiring an additional 4,770 shares in the last quarter. Arden Trust Co boosted its holdings in shares of OneMain by 2.9% in the third quarter. Arden Trust Co now owns 19,094 shares of the financial services provider’s stock valued at $564,000 after acquiring an additional 545 shares in the last quarter. Finally, Polianta Ltd boosted its holdings in shares of OneMain by 21.3% in the third quarter. Polianta Ltd now owns 19,400 shares of the financial services provider’s stock valued at $572,000 after acquiring an additional 3,400 shares in the last quarter. 84.29% of the stock is owned by hedge funds and other institutional investors.

OneMain Trading Up 5.5 %

OMF stock opened at $40.50 on Friday. The company has a market cap of $4.95 billion, a P/E ratio of 5.34 and a beta of 1.72. OneMain Holdings, Inc. has a 52 week low of $28.77 and a 52 week high of $55.22. The company’s 50-day moving average price is $36.53 and its 200 day moving average price is $36.21.

OneMain (NYSE:OMFGet Rating) last announced its earnings results on Wednesday, October 26th. The financial services provider reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.28. The company had revenue of $895.00 million during the quarter, compared to analysts’ expectations of $900.45 million. OneMain had a net margin of 20.29% and a return on equity of 33.73%. On average, equities research analysts expect that OneMain Holdings, Inc. will post 7.24 earnings per share for the current year.

OneMain Dividend Announcement

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 dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 9.38%. The ex-dividend date was Friday, November 4th. OneMain’s payout ratio is currently 50.13%.

Analysts Set New Price Targets

OMF has been the topic of several analyst reports. StockNews.com downgraded shares of OneMain from a “buy” rating to a “hold” rating in a report on Friday, October 28th. Barclays downgraded shares of OneMain from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $49.00 to $39.00 in a report on Friday, January 6th. Citigroup lifted their target price on shares of OneMain from $38.00 to $39.00 in a report on Friday, October 28th. Credit Suisse Group lifted their target price on shares of OneMain from $46.00 to $47.00 and gave the company an “outperform” rating in a report on Friday, October 28th. Finally, Piper Sandler lifted their target price on shares of OneMain to $47.00 in a report on Tuesday, November 1st. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, OneMain currently has an average rating of “Moderate Buy” and a consensus target price of $44.91.

About OneMain

(Get Rating)

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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