OneMain Holdings, Inc. $OMF Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in OneMain Holdings, Inc. (NYSE:OMF) by 33.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 289,943 shares of the financial services provider’s stock after purchasing an additional 72,688 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.25% of OneMain worth $16,370,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of OMF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of OneMain during the first quarter worth approximately $2,037,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in OneMain by 2.1% during the 1st 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 worth $21,634,000 after purchasing an additional 9,067 shares during the last quarter. Focus Partners Wealth grew its holdings 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 worth $427,000 after buying an additional 4,407 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of OneMain by 14.7% in the second quarter. Envestnet Asset Management Inc. now owns 105,751 shares of the financial services provider’s stock valued at $6,028,000 after buying an additional 13,562 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in shares of OneMain by 3.9% in the second quarter. Teacher Retirement System of Texas now owns 18,131 shares of the financial services provider’s stock worth $1,033,000 after buying an additional 678 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Citizens Jmp set a $68.00 price target on OneMain in a report on Monday, November 24th. Evercore set a $75.00 price target on shares of OneMain in a research report on Tuesday, January 6th. Wall Street Zen downgraded shares of OneMain from a “buy” rating to a “hold” rating in a report on Sunday, January 18th. Royal Bank Of Canada raised their price target on OneMain from $70.00 to $73.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Finally, Citigroup reiterated a “market outperform” rating on shares of OneMain in a research note on Monday, November 24th. Eight analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $72.11.

Insider Buying and Selling

In related news, COO Micah R. Conrad sold 5,000 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $58.00, for a total value of $290,000.00. Following the completion of the sale, the chief operating officer owned 106,250 shares in the company, valued at $6,162,500. This represents a 4.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas H. Shulman sold 57,500 shares of the firm’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $68.41, for a total transaction of $3,933,575.00. Following the transaction, the chief executive officer directly owned 174,100 shares in the company, valued at $11,910,181. The trade was a 24.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.40% of the stock is currently owned by insiders.

OneMain Stock Down 1.4%

OMF stock opened at $54.85 on Wednesday. The business has a 50 day moving average price of $63.37 and a 200 day moving average price of $61.33. The stock has a market cap of $6.43 billion, a price-to-earnings ratio of 8.35, a PEG ratio of 0.32 and a beta of 1.34. OneMain Holdings, Inc. has a fifty-two week low of $38.00 and a fifty-two week high of $71.93.

OneMain (NYSE:OMF) last announced its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.59 EPS for the quarter, beating the consensus estimate of $1.55 by $0.04. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.28 billion. OneMain had a net margin of 14.35% and a return on equity of 23.76%. During the same period in the prior year, the firm posted $1.16 earnings per share. As a group, sell-side analysts anticipate that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 23rd. Shareholders of record on Tuesday, February 17th were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $4.20 annualized dividend and a yield of 7.7%. OneMain’s payout ratio is 63.93%.

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.