US Bancorp DE Acquires 292 Shares of OneMain Holdings, Inc. (NYSE:OMF)

US Bancorp DE boosted its holdings in shares of OneMain Holdings, Inc. (NYSE:OMFGet Rating) by 1.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,281 shares of the financial services provider’s stock after buying an additional 292 shares during the quarter. US Bancorp DE’s holdings in OneMain were worth $450,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in OMF. JPMorgan Chase & Co. grew its position in OneMain by 43.2% during the first quarter. JPMorgan Chase & Co. now owns 200,354 shares of the financial services provider’s stock valued at $9,500,000 after buying an additional 60,428 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of OneMain by 106.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 13,392 shares of the financial services provider’s stock worth $635,000 after purchasing an additional 6,898 shares during the period. Cambridge Investment Research Advisors Inc. bought a new position in shares of OneMain in the first quarter worth approximately $534,000. Bank of Montreal Can boosted its position in shares of OneMain by 72.6% in the first quarter. Bank of Montreal Can now owns 49,082 shares of the financial services provider’s stock worth $2,336,000 after purchasing an additional 20,646 shares during the period. Finally, MetLife Investment Management LLC bought a new position in shares of OneMain in the first quarter worth approximately $104,000. 84.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on OMF. Wells Fargo & Company dropped their price target on shares of OneMain from $40.00 to $33.00 in a research report on Thursday, October 20th. JMP Securities dropped their price target on shares of OneMain from $54.00 to $49.00 and set a “market outperform” rating for the company in a research report on Friday, January 13th. Credit Suisse Group upped their target price on shares of OneMain from $46.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, October 28th. Citigroup upped their target price on shares of OneMain from $38.00 to $39.00 in a research report on Friday, October 28th. Finally, Compass Point dropped their target price on shares of OneMain to $53.00 in a research report on Thursday, October 20th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $44.91.

OneMain Stock Up 5.5 %

OneMain stock opened at $40.50 on Monday. The company has a market cap of $4.95 billion, a price-to-earnings ratio of 5.34 and a beta of 1.72. The firm’s fifty day moving average is $36.53 and its 200 day moving average is $36.18. OneMain Holdings, Inc. has a 52-week low of $28.77 and a 52-week 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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.28. The company had revenue of $895.00 million for the quarter, compared to the consensus estimate 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 anticipate that OneMain Holdings, Inc. will post 7.24 earnings per share for the current fiscal year.

OneMain Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Monday, November 7th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 9.38%. The ex-dividend date of this dividend was Friday, November 4th. OneMain’s dividend payout ratio is currently 50.13%.

OneMain Profile

(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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