Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of OneMain Holdings, Inc. (NYSE:OMF – Get Rating) by 13.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,872 shares of the financial services provider’s stock after buying an additional 1,421 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in OneMain were worth $350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also made changes to their positions in the company. Steward Partners Investment Advisory LLC increased its holdings 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 worth $25,000 after buying an additional 300 shares during the last quarter. Wipfli Financial Advisors LLC acquired a new stake in shares of OneMain during the 3rd quarter worth approximately $26,000. Atlas Capital Advisors LLC acquired a new stake in shares of OneMain during the 2nd quarter worth approximately $29,000. Geneos Wealth Management Inc. increased its holdings in OneMain by 129.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 710 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 400 shares during the last quarter. Finally, Key Financial Inc acquired a new stake in OneMain in the 2nd quarter valued at approximately $37,000. Institutional investors and hedge funds own 84.29% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the stock. Compass Point dropped their target price on shares of OneMain to $53.00 in a report on Thursday, October 20th. TheStreet upgraded shares of OneMain from a “c+” rating to a “b-” rating in a report on Friday, November 25th. JMP Securities dropped their target price on shares of OneMain from $54.00 to $49.00 and set a “market outperform” rating for the company in a report on Friday, January 13th. Piper Sandler lifted their target price on shares of OneMain to $47.00 in a report on Tuesday, November 1st. Finally, Royal Bank of Canada decreased their price target on shares of OneMain from $51.00 to $46.00 and set an “outperform” rating for the company in a research report on Tuesday, October 25th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $44.91.
OneMain Stock Up 5.5 %
OneMain (NYSE:OMF – Get Rating) last issued its quarterly 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. OneMain had a net margin of 20.29% and a return on equity of 33.73%. The business had revenue of $895.00 million for the quarter, compared to analyst estimates of $900.45 million. Equities research analysts anticipate that OneMain Holdings, Inc. will post 7.24 EPS for the current year.
OneMain Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Monday, November 7th were paid a dividend of $0.95 per share. The ex-dividend date was Friday, November 4th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 9.38%. OneMain’s dividend payout ratio (DPR) is 50.13%.
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.
- Get a free copy of the StockNews.com research report on OneMain (OMF)
- CVS Health is Growing into an Integrated Healthcare Organization
- Is C3.ai Stock a ChatGPT Artificial Intelligence Play?
- NVIDIA Outlook Improving: Watchlist Candidate for 2023
- Which Wireless Stock Should You Buy in 2023?
- Is Virgin Galactic Stock Preparing for Lift-Off?
Receive News & Ratings for OneMain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OneMain and related companies with MarketBeat.com's FREE daily email newsletter.