Handelsbanken Fonder AB Grows Position in OneMain Holdings, Inc. (NYSE:OMF)

Handelsbanken Fonder AB grew its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 8.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,881 shares of the financial services provider’s stock after buying an additional 1,500 shares during the period. Handelsbanken Fonder AB’s holdings in OneMain were worth $929,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Blue Trust Inc. increased its position in OneMain by 49.9% during the fourth quarter. Blue Trust Inc. now owns 730 shares of the financial services provider’s stock worth $36,000 after buying an additional 243 shares in the last quarter. Allworth Financial LP increased its position in OneMain by 25.4% during the fourth quarter. Allworth Financial LP now owns 1,339 shares of the financial services provider’s stock worth $66,000 after buying an additional 271 shares in the last quarter. Alps Advisors Inc. increased its position in OneMain by 2.0% during the third quarter. Alps Advisors Inc. now owns 14,283 shares of the financial services provider’s stock worth $573,000 after buying an additional 275 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of OneMain by 0.5% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 53,742 shares of the financial services provider’s stock valued at $2,155,000 after purchasing an additional 290 shares during the period. Finally, Signaturefd LLC grew its position in shares of OneMain by 5.3% in the third 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 during the period. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on OMF shares. Wells Fargo & Company lifted their price objective on OneMain from $43.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, January 4th. Northland Securities downgraded OneMain from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $46.00 to $49.00 in a research report on Wednesday, January 17th. Citigroup lowered 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, 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 report on Wednesday, April 3rd. Finally, StockNews.com upgraded OneMain from a “hold” rating to a “buy” rating in a report on Wednesday, February 14th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $51.54.

OneMain Price Performance

Shares of OMF opened at $50.89 on Monday. The stock’s 50-day moving average is $48.60 and its two-hundred day moving average is $45.36. The stock has a market cap of $6.10 billion, a PE ratio of 9.57, a P/E/G ratio of 0.70 and a beta of 1.65. OneMain Holdings, Inc. has a 12 month low of $33.67 and a 12 month high of $51.65.

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

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Tuesday, February 20th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 7.86%. The ex-dividend date was Friday, February 16th. OneMain’s dividend payout ratio is presently 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.