OneMain Holdings, Inc. (NYSE:OMF) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 12.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,240 shares of the financial services provider’s stock after purchasing an additional 4,239 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in OneMain were worth $1,832,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Taylor Frigon Capital Management LLC acquired a new stake in OneMain during the 4th quarter worth about $1,649,000. Invesco Ltd. lifted its position in OneMain by 36.5% during the 3rd 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. Miller Howard Investments Inc. NY lifted its position in OneMain by 659.7% during the 4th quarter. Miller Howard Investments Inc. NY now owns 105,289 shares of the financial services provider’s stock worth $5,180,000 after acquiring an additional 91,429 shares during the period. Jump Financial LLC acquired a new stake in OneMain during the 3rd quarter worth about $1,351,000. Finally, Robertson Stephens Wealth Management LLC acquired a new stake in OneMain during the 3rd quarter worth about $855,000. Institutional investors and hedge funds own 85.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on OMF shares. StockNews.com upgraded OneMain from a “hold” rating to a “buy” rating in a research note on Wednesday, February 14th. Barclays reduced their price objective on OneMain from $57.00 to $54.00 and set an “overweight” rating for the company in a research note on Thursday, February 8th. Stephens reduced their price objective on OneMain from $61.00 to $57.00 and set an “overweight” rating for the company in a research note on Thursday, February 8th. JPMorgan Chase & Co. lifted their price objective on OneMain from $47.00 to $51.00 and gave the company an “overweight” rating in a research note on Wednesday, April 3rd. Finally, Piper Sandler lowered OneMain from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $55.00 to $49.00 in a research note on Thursday, February 8th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $51.54.

OneMain Trading Up 1.7 %

OMF stock opened at $51.30 on Thursday. OneMain Holdings, Inc. has a 12-month low of $33.67 and a 12-month high of $51.65. The stock has a market cap of $6.14 billion, a price-to-earnings ratio of 9.64, a PEG ratio of 0.68 and a beta of 1.65. The business’s 50-day moving average is $48.36 and its 200 day moving average is $45.09.

OneMain (NYSE:OMF) last posted its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.02. OneMain had a return on equity of 21.07% and a net margin of 14.04%. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $913.90 million. During the same period in the previous year, the firm posted $1.56 EPS. As a group, equities analysts forecast that OneMain Holdings, Inc. will post 5.67 EPS for the current fiscal year.

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Tuesday, February 20th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 7.80%. The ex-dividend date of this dividend was Friday, February 16th. OneMain’s payout ratio is 75.19%.

OneMain Profile

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.