Corient Private Wealth LLC Grows Stock Position in OneMain Holdings, Inc. $OMF

Corient Private Wealth LLC raised its position in OneMain Holdings, Inc. (NYSE:OMF) by 55.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,100 shares of the financial services provider’s stock after buying an additional 15,690 shares during the quarter. Corient Private Wealth LLC’s holdings in OneMain were worth $2,979,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in OMF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of OneMain during the 1st quarter worth $2,037,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in OneMain by 2.1% in 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 acquiring an additional 9,067 shares during the last quarter. Focus Partners Wealth raised its stake in OneMain by 101.8% in the 1st quarter. Focus Partners Wealth now owns 8,737 shares of the financial services provider’s stock valued at $427,000 after acquiring an additional 4,407 shares during the period. Prudential Financial Inc. raised its stake in OneMain by 32.9% in the 2nd quarter. Prudential Financial Inc. now owns 9,492 shares of the financial services provider’s stock valued at $541,000 after acquiring an additional 2,350 shares during the period. Finally, Russell Investments Group Ltd. lifted 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 valued at $1,119,000 after purchasing an additional 4,084 shares during the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

OneMain Stock Up 1.1%

Shares of NYSE OMF opened at $60.55 on Friday. OneMain Holdings, Inc. has a 52 week low of $45.78 and a 52 week high of $71.93. The business has a 50-day simple moving average of $56.23 and a two-hundred day simple moving average of $59.12. The company has a market cap of $7.00 billion, a P/E ratio of 9.01, a P/E/G ratio of 0.45 and a beta of 1.24.

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

OneMain Announces Dividend

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

Insider Buying and Selling

In related news, COO Micah R. Conrad sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $60.00, for a total transaction of $300,000.00. Following the sale, the chief operating officer owned 101,250 shares of the company’s stock, valued at approximately $6,075,000. This represents a 4.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on OMF shares. Royal Bank Of Canada cut their target price on shares of OneMain from $73.00 to $70.00 and set an “outperform” rating for the company in a research report on Monday, May 4th. Evercore set a $55.00 price target on shares of OneMain in a research report on Tuesday, March 17th. 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 note on Thursday, April 9th. TD Cowen reaffirmed a “buy” rating on shares of OneMain in a report on Monday, May 4th. Finally, Barclays cut their price objective on shares of OneMain from $62.00 to $61.00 and set an “equal weight” rating for the company in a report on Monday, May 4th. Eight research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $68.30.

About OneMain

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.