Victory Capital Management Inc. Purchases 17,073 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Victory Capital Management Inc. grew its holdings in shares of OneMain Holdings, Inc. (NYSE:OMFFree Report) by 111.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,388 shares of the financial services provider’s stock after buying an additional 17,073 shares during the period. Victory Capital Management Inc.’s holdings in OneMain were worth $1,298,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in OMF. Signaturefd LLC boosted its stake in shares of OneMain by 5.3% during the 3rd quarter. Signaturefd LLC now owns 5,772 shares of the financial services provider’s stock valued at $231,000 after purchasing an additional 291 shares in the last quarter. Kingsview Wealth Management LLC boosted its position in shares of OneMain by 3.0% during the third quarter. Kingsview Wealth Management LLC now owns 10,446 shares of the financial services provider’s stock valued at $308,000 after purchasing an additional 301 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in OneMain by 0.8% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 38,929 shares of the financial services provider’s stock worth $1,561,000 after purchasing an additional 314 shares during the period. Platinum Investment Management Ltd. raised its holdings in OneMain by 16.5% in the third quarter. Platinum Investment Management Ltd. now owns 2,406 shares of the financial services provider’s stock worth $96,000 after purchasing an additional 340 shares in the last quarter. Finally, Verdence Capital Advisors LLC lifted its position in OneMain by 1.0% during the third quarter. Verdence Capital Advisors LLC now owns 35,708 shares of the financial services provider’s stock valued at $1,432,000 after buying an additional 363 shares during the period. 79.70% of the stock is owned by hedge funds and other institutional investors.

OneMain Stock Up 2.0 %

Shares of NYSE OMF opened at $44.78 on Monday. The company has a market cap of $5.37 billion, a PE ratio of 8.42, a PEG ratio of 0.51 and a beta of 1.67. The firm’s 50-day moving average price is $47.39 and its 200-day moving average price is $42.48. OneMain Holdings, Inc. has a 52-week low of $32.79 and a 52-week high of $50.02.

OneMain (NYSE:OMFGet Free Report) last announced its earnings results on Wednesday, February 7th. The financial services provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.02. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $913.90 million. OneMain had a net margin of 14.04% and a return on equity of 21.25%. During the same period in the prior year, the company earned $1.56 earnings per share. As a group, equities research analysts anticipate that OneMain Holdings, Inc. will post 6.39 EPS for the current fiscal year.

OneMain Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Tuesday, February 20th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 8.93%. The ex-dividend date is Friday, February 16th. OneMain’s dividend payout ratio is currently 75.19%.

Analyst Ratings Changes

A number of research firms have recently weighed in on OMF. Barclays reduced their target price on shares of OneMain from $57.00 to $54.00 and set an “overweight” rating on the stock in a research report on Thursday. TD Cowen initiated coverage on shares of OneMain in a report on Wednesday, November 1st. They set an “outperform” rating and a $43.00 target price for the company. Northland Securities downgraded OneMain from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $46.00 to $49.00 in a research note on Wednesday, January 17th. Citigroup reduced their price objective on OneMain from $54.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday. Finally, BMO Capital Markets dropped their target price on OneMain from $42.00 to $38.00 and set a “market perform” rating on the stock in a report on Thursday, October 26th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $50.85.

Read Our Latest Stock Report on OMF

OneMain Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding OMF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for OneMain Holdings, Inc. (NYSE:OMFFree Report).

Institutional Ownership by Quarter for OneMain (NYSE:OMF)

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