Brandywine Global Investment Management LLC lowered its position in OneMain Holdings Inc (NYSE:OMF) by 0.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,855,131 shares of the financial services provider’s stock after selling 5,355 shares during the quarter. Brandywine Global Investment Management LLC owned about 1.37% of OneMain worth $45,062,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. First Hawaiian Bank acquired a new stake in shares of OneMain in the fourth quarter valued at approximately $25,000. Advisors Asset Management Inc. acquired a new stake in shares of OneMain in the fourth quarter valued at approximately $37,000. Meeder Asset Management Inc. increased its stake in shares of OneMain by 36.7% in the fourth quarter. Meeder Asset Management Inc. now owns 2,142 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 575 shares during the period. Quantamental Technologies LLC acquired a new stake in shares of OneMain in the fourth quarter valued at approximately $100,000. Finally, Commonwealth Bank of Australia increased its stake in shares of OneMain by 20.5% during the fourth quarter. Commonwealth Bank of Australia now owns 10,000 shares of the financial services provider’s stock valued at $242,000 after acquiring an additional 1,700 shares during the period. Institutional investors own 92.29% of the company’s stock.
A number of research analysts recently commented on the stock. Zacks Investment Research upgraded shares of OneMain from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Saturday, February 16th. ValuEngine upgraded shares of OneMain from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. TheStreet upgraded shares of OneMain from a “c+” rating to a “b-” rating in a research note on Tuesday, February 19th. JMP Securities raised their price objective on shares of OneMain from $39.00 to $44.00 and gave the company a “market outperform” rating in a research note on Wednesday, February 13th. Finally, BTIG Research assumed coverage on shares of OneMain in a research note on Friday, February 22nd. They set a “buy” rating and a $43.00 price objective on the stock. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $38.90.
NYSE OMF opened at $33.99 on Friday. OneMain Holdings Inc has a 12 month low of $22.47 and a 12 month high of $37.29. The company has a market cap of $4.62 billion, a P/E ratio of 6.72, a P/E/G ratio of 0.78 and a beta of 2.52.
OneMain (NYSE:OMF) last issued its earnings results on Monday, February 11th. The financial services provider reported $1.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.06. The firm had revenue of $882.00 million during the quarter, compared to analysts’ expectations of $730.46 million. OneMain had a net margin of 11.30% and a return on equity of 19.23%. Research analysts expect that OneMain Holdings Inc will post 5.65 EPS for the current fiscal year.
The firm also recently announced a special dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 26th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 25th. OneMain’s payout ratio is 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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