Allworth Financial LP Buys 271 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Allworth Financial LP grew its stake in OneMain Holdings, Inc. (NYSE:OMF) by 25.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,339 shares of the financial services provider’s stock after purchasing an additional 271 shares during the quarter. Allworth Financial LP’s holdings in OneMain were worth $66,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Invesco Ltd. increased its position in OneMain by 36.5% during the third quarter. Invesco Ltd. now owns 565,150 shares of the financial services provider’s stock worth $22,657,000 after acquiring an additional 151,226 shares during the period. Jump Financial LLC bought a new position in OneMain during the third quarter worth about $1,351,000. Robertson Stephens Wealth Management LLC bought a new position in OneMain during the third quarter worth about $855,000. Comerica Bank bought a new position in OneMain during the second quarter worth about $10,050,000. Finally, Seven Eight Capital LP bought a new position in OneMain during the third quarter worth about $1,672,000. 85.82% of the stock is owned by institutional investors.

OneMain Trading Down 1.8 %

OMF opened at $46.72 on Friday. The company’s 50 day moving average is $48.01 and its 200-day moving average is $44.57. OneMain Holdings, Inc. has a 1-year low of $33.67 and a 1-year high of $51.65. The company has a market cap of $5.60 billion, a P/E ratio of 8.78, a PEG ratio of 0.65 and a beta of 1.65.

OneMain (NYSE:OMF) last posted its earnings results on Wednesday, February 7th. The financial services provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.37 by $0.02. OneMain had a net margin of 14.04% and a return on equity of 21.07%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $913.90 million. During the same period last year, the company earned $1.56 EPS. On average, equities analysts forecast that OneMain Holdings, Inc. will post 5.71 EPS for the current year.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Tuesday, February 20th were given a dividend of $1.00 per share. The ex-dividend date was Friday, February 16th. This represents a $4.00 annualized dividend and a yield of 8.56%. OneMain’s dividend payout ratio is presently 75.19%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. JMP Securities raised their target price on shares of OneMain from $53.00 to $57.00 and gave the company a “market outperform” rating in a report on Thursday, February 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of OneMain in a report on Wednesday, January 10th. They issued a “buy” rating and a $68.00 target price on the stock. Barclays decreased their target price on shares of OneMain from $57.00 to $54.00 and set an “overweight” rating on the stock in a report on Thursday, February 8th. JPMorgan Chase & Co. raised their target price on shares of OneMain from $47.00 to $51.00 and gave the company an “overweight” rating in a report on Wednesday, April 3rd. Finally, Wells Fargo & Company raised their target price on shares of OneMain from $43.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, January 4th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, OneMain presently has an average rating of “Moderate Buy” and a consensus target price of $51.54.

About OneMain

OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses in the United States. It originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit cards; optional credit insurance products, including life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.