Corient Private Wealth LLC Acquires 15,690 Shares of OneMain Holdings, Inc. $OMF

Corient Private Wealth LLC increased its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 55.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,100 shares of the financial services provider’s stock after acquiring an additional 15,690 shares during the period. Corient Private Wealth LLC’s holdings in OneMain were worth $2,979,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in OneMain during the 1st quarter worth approximately $2,037,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of OneMain by 2.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 442,598 shares of the financial services provider’s stock valued at $21,634,000 after purchasing an additional 9,067 shares in the last quarter. Focus Partners Wealth boosted its position in shares of OneMain by 101.8% during the first quarter. Focus Partners Wealth now owns 8,737 shares of the financial services provider’s stock valued at $427,000 after buying an additional 4,407 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of OneMain by 32.9% during the second quarter. Prudential Financial Inc. now owns 9,492 shares of the financial services provider’s stock valued at $541,000 after buying an additional 2,350 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in OneMain by 26.2% during the second quarter. Russell Investments Group Ltd. now owns 19,644 shares of the financial services provider’s stock worth $1,119,000 after buying an additional 4,084 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

OneMain Price Performance

Shares of NYSE:OMF opened at $60.55 on Friday. OneMain Holdings, Inc. has a 1 year low of $45.78 and a 1 year high of $71.93. The company has a market capitalization of $7.00 billion, a PE ratio of 9.01, a price-to-earnings-growth ratio of 0.45 and a beta of 1.24. The business has a fifty day moving average price of $56.23 and a two-hundred day moving average price of $59.12.

OneMain (NYSE:OMF) last released its earnings results on Friday, May 1st. The financial services provider reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.09. The company had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.27 billion. OneMain had a return on equity of 24.24% and a net margin of 14.38%.The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.72 EPS. Sell-side analysts anticipate that OneMain Holdings, Inc. will post 7.35 earnings per share for the current year.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 11th were issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date was Monday, May 11th. OneMain’s dividend payout ratio (DPR) is 62.50%.

Insider Buying and Selling

In other OneMain news, COO Micah R. Conrad sold 5,000 shares of the business’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $60.00, for a total value of $300,000.00. Following the transaction, the chief operating officer directly owned 101,250 shares in the company, valued at $6,075,000. The trade was a 4.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. BTIG Research restated a “neutral” rating on shares of OneMain in a research note on Thursday, April 16th. Royal Bank Of Canada lowered their target price on shares of OneMain from $73.00 to $70.00 and set an “outperform” rating for the company in a report on Monday, May 4th. JPMorgan Chase & Co. dropped their price target on shares of OneMain from $63.00 to $55.00 and set an “underweight” rating on the stock in a research report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of OneMain from $81.00 to $80.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Finally, Wells Fargo & Company cut their price target on shares of OneMain from $70.00 to $65.00 and set an “equal weight” rating on the stock in a report on Thursday, April 9th. Eight equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $68.30.

OneMain Profile

OneMain Financial (NYSE: OMF) is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.

Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.