Global Retirement Partners LLC Sells 538 Shares of OneMain Holdings, Inc. (NYSE:OMF)
Global Retirement Partners LLC trimmed its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 43.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 687 shares of the financial services provider’s stock after selling 538 shares during the period. Global Retirement Partners LLC’s holdings in OneMain were worth $37,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of OMF. Principal Financial Group Inc. raised its stake in shares of OneMain by 3,548.1% during the fourth quarter. Principal Financial Group Inc. now owns 3,511,474 shares of the financial services provider’s stock worth $169,112,000 after buying an additional 3,415,218 shares during the last quarter. Parsifal Capital Management LP bought a new stake in OneMain in the fourth quarter valued at approximately $75,451,000. Norges Bank bought a new stake in OneMain in the fourth quarter valued at approximately $39,195,000. Wedge Capital Management L L P NC increased its stake in OneMain by 61.3% in the first quarter. Wedge Capital Management L L P NC now owns 1,229,122 shares of the financial services provider’s stock valued at $66,028,000 after purchasing an additional 466,985 shares in the last quarter. Finally, Azora Capital LP bought a new stake in OneMain in the third quarter valued at approximately $13,138,000. 85.12% of the stock is owned by institutional investors and hedge funds.
Several brokerages have commented on OMF. Northland Securities upped their target price on shares of OneMain from $45.00 to $60.00 in a research note on Wednesday, February 10th. Piper Sandler upped their price target on shares of OneMain from $53.00 to $58.00 and gave the company an “overweight” rating in a report on Wednesday, February 10th. JPMorgan Chase & Co. reduced their price target on shares of OneMain from $65.00 to $64.00 and set an “overweight” rating for the company in a report on Thursday, April 15th. They noted that the move was a valuation call. BMO Capital Markets cut shares of OneMain from an “outperform” rating to a “market perform” rating and set a $60.00 price target for the company. in a report on Sunday. Finally, Barclays upped their price target on shares of OneMain from $63.00 to $69.00 and gave the company an “overweight” rating in a report on Wednesday, February 10th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $53.71.
OneMain (NYSE:OMF) last posted its quarterly earnings data on Sunday, February 7th. The financial services provider reported $2.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.00 by $0.77. The company had revenue of $850.00 million for the quarter, compared to analysts’ expectations of $975.56 million. OneMain had a net margin of 13.61% and a return on equity of 20.88%. During the same period in the prior year, the business earned $1.91 earnings per share. Equities analysts expect that OneMain Holdings, Inc. will post 5.19 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 25th. Investors of record on Thursday, February 18th were given a $3.95 dividend. This represents a $15.80 annualized dividend and a dividend yield of 29.67%. This is a boost from OneMain’s previous quarterly dividend of $0.45. The ex-dividend date was Wednesday, February 17th. OneMain’s dividend payout ratio is 26.79%.
In related news, insider George G. Hicks sold 1,901,638 shares of the company’s stock in a transaction that occurred on Tuesday, February 16th. The shares were sold at an average price of $51.01, for a total value of $97,002,554.38. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.45% of the stock is currently owned by corporate insiders.
OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses. The company originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or are unsecured. The company also offers credit insurance products comprising life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.
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