Parametric Portfolio Associates LLC cut its stake in shares of OneMain Holdings Inc (NYSE:OMF) by 28.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 314,746 shares of the financial services provider’s stock after selling 124,254 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in OneMain were worth $9,993,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new stake in OneMain in the fourth quarter valued at $40,862,000. Prudential Financial Inc. boosted its holdings in OneMain by 87.9% in the fourth quarter. Prudential Financial Inc. now owns 1,364,655 shares of the financial services provider’s stock valued at $33,147,000 after purchasing an additional 638,277 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in OneMain by 14.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,450,176 shares of the financial services provider’s stock valued at $83,806,000 after purchasing an additional 423,499 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in OneMain by 2,064.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 384,170 shares of the financial services provider’s stock valued at $9,332,000 after purchasing an additional 366,417 shares during the last quarter. Finally, Fir Tree Capital Management LP purchased a new stake in OneMain in the fourth quarter valued at $5,171,000. 90.44% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have commented on OMF. Wedbush lowered shares of OneMain from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $40.00 to $35.00 in a report on Wednesday, May 15th. Northland Securities reaffirmed a “hold” rating and issued a $38.00 price target on shares of OneMain in a report on Tuesday, April 30th. Zacks Investment Research raised shares of OneMain from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Saturday, February 16th. TheStreet raised shares of OneMain from a “c+” rating to a “b-” rating in a report on Tuesday, February 19th. Finally, BTIG Research began coverage on shares of OneMain in a report on Friday, February 22nd. They issued a “buy” rating and a $43.00 price target on the stock. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $39.00.
Shares of OneMain stock opened at $31.57 on Friday. The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of 6.24, a PEG ratio of 0.55 and a beta of 2.45. OneMain Holdings Inc has a fifty-two week low of $22.47 and a fifty-two week high of $37.29.
OneMain (NYSE:OMF) last issued its quarterly earnings data on Monday, April 29th. The financial services provider reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.05. The business had revenue of $720.00 million during the quarter, compared to the consensus estimate of $735.94 million. OneMain had a net margin of 11.73% and a return on equity of 19.22%. During the same quarter in the prior year, the firm posted $1.18 earnings per share. Sell-side analysts expect that OneMain Holdings Inc will post 5.69 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 29th will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, May 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.17%. OneMain’s dividend payout ratio (DPR) is currently 19.76%.
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OneMain Holdings, Inc, through its subsidiaries, provides consumer finance and insurance products and services. The company operates in two segments, Consumer and Insurance, and Acquisitions and Servicing. It provides secured and unsecured personal loans; credit insurance products, such as life, disability, and involuntary unemployment insurance products; non-credit insurance; and auto membership plans, as well as retail sales finance services.
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