Mirae Asset Global Investments Co. Ltd. Has $2 Million Stake in OneMain Holdings, Inc. (NYSE:OMF)

Mirae Asset Global Investments Co. Ltd. raised its position in OneMain Holdings, Inc. (NYSE:OMF) by 119.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 40,694 shares of the financial services provider’s stock after purchasing an additional 22,178 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in OneMain were worth $2,002,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Allworth Financial LP lifted its position in shares of OneMain by 25.4% in the 4th quarter. Allworth Financial LP now owns 1,339 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 271 shares during the period. International Assets Investment Management LLC lifted its position in shares of OneMain by 4,329.3% in the 4th quarter. International Assets Investment Management LLC now owns 34,194 shares of the financial services provider’s stock worth $1,682,000 after purchasing an additional 33,422 shares during the period. Avitas Wealth Management LLC lifted its position in shares of OneMain by 3.0% in the 4th quarter. Avitas Wealth Management LLC now owns 43,988 shares of the financial services provider’s stock worth $2,164,000 after purchasing an additional 1,262 shares during the period. Asset Management One Co. Ltd. acquired a new position in shares of OneMain in the 4th quarter worth approximately $175,000. Finally, Blue Trust Inc. lifted its position in shares of OneMain by 49.9% in the 4th quarter. Blue Trust Inc. now owns 730 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 243 shares during the period. Institutional investors and hedge funds own 85.82% of the company’s stock.

OneMain Trading Up 1.6 %

Shares of OMF stock opened at $48.68 on Friday. OneMain Holdings, Inc. has a 12 month low of $33.67 and a 12 month high of $51.65. The firm has a market capitalization of $5.83 billion, a PE ratio of 9.15, a price-to-earnings-growth ratio of 0.65 and a beta of 1.65. The firm has a fifty day simple moving average of $48.21 and a two-hundred day simple moving average of $44.82.

OneMain (NYSE:OMF) last posted its earnings results on Wednesday, February 7th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.02. OneMain had a net margin of 14.04% and a return on equity of 21.07%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $913.90 million. During the same quarter in the prior year, the business posted $1.56 EPS. On average, equities analysts predict that OneMain Holdings, Inc. will post 5.67 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Tuesday, February 20th were paid a $1.00 dividend. The ex-dividend date was Friday, February 16th. This represents a $4.00 annualized dividend and a dividend yield of 8.22%. OneMain’s payout ratio is 75.19%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on OMF. JMP Securities reiterated a “market outperform” rating and issued a $57.00 price objective on shares of OneMain in a research note on Wednesday. JPMorgan Chase & Co. lifted their price objective on shares of OneMain from $47.00 to $51.00 and gave the company an “overweight” rating in a research note on Wednesday, April 3rd. Northland Securities lowered shares of 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 note on Wednesday, January 17th. Stephens lowered their price objective on shares of OneMain from $61.00 to $57.00 and set an “overweight” rating for the company in a research note on Thursday, February 8th. Finally, Royal Bank of Canada lifted their price objective on shares of OneMain from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, OneMain currently has an average rating of “Moderate Buy” and an average target price of $51.54.

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.