SG Americas Securities LLC Acquires New Shares in OneMain Holdings, Inc. (NYSE:OMF)

SG Americas Securities LLC bought a new position in OneMain Holdings, Inc. (NYSE:OMF) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,279 shares of the financial services provider’s stock, valued at approximately $112,000.

Other hedge funds have also added to or reduced their stakes in the company. Capital International Investors increased its holdings in shares of OneMain by 77.1% in the first quarter. Capital International Investors now owns 9,842,786 shares of the financial services provider’s stock worth $466,646,000 after purchasing an additional 4,284,232 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of OneMain by 38.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,317,008 shares of the financial services provider’s stock worth $143,799,000 after purchasing an additional 1,204,312 shares during the last quarter. Norges Bank purchased a new stake in OneMain in the fourth quarter valued at approximately $38,089,000. Millennium Management LLC lifted its position in OneMain by 51.0% during the fourth quarter. Millennium Management LLC now owns 990,504 shares of the financial services provider’s stock valued at $32,994,000 after purchasing an additional 334,545 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in OneMain by 396.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 402,749 shares of the financial services provider’s stock worth $3,201,000 after buying an additional 321,613 shares in the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on OMF shares. Citigroup dropped their price objective on shares of OneMain from $54.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Deutsche Bank Aktiengesellschaft started coverage on OneMain in a research report on Wednesday, January 10th. They issued a “buy” rating and a $68.00 target price for the company. StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a report on Wednesday, February 14th. Stephens reduced their target price on shares of OneMain from $61.00 to $57.00 and set an “overweight” rating on the stock in a report on Thursday, February 8th. Finally, Piper Sandler downgraded shares of OneMain from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $55.00 to $49.00 in a research note on Thursday, February 8th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, OneMain currently has an average rating of “Moderate Buy” and an average target price of $51.54.

OneMain Price Performance

Shares of NYSE:OMF opened at $48.68 on Friday. The stock’s 50-day moving average is $48.21 and its 200 day moving average is $44.82. The company has a market cap of $5.83 billion, a PE ratio of 9.15, a P/E/G ratio of 0.65 and a beta of 1.65. OneMain Holdings, Inc. has a 1 year low of $33.67 and a 1 year high of $51.65.

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, beating the consensus estimate of $1.37 by $0.02. OneMain had a return on equity of 21.07% and a net margin of 14.04%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $913.90 million. During the same period in the previous year, the firm earned $1.56 earnings per share. Analysts expect that OneMain Holdings, Inc. will post 5.67 EPS for the current fiscal year.

OneMain Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Tuesday, February 20th were given 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 dividend payout ratio is 75.19%.

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.