OneMain Holdings, Inc. (NYSE:OMF) Position Raised by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC raised its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 1.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,688,404 shares of the financial services provider’s stock after acquiring an additional 24,847 shares during the quarter. OneMain comprises approximately 1.2% of Wedge Capital Management L L P NC’s holdings, making the stock its 2nd biggest position. Wedge Capital Management L L P NC’s holdings in OneMain were worth $93,419,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of OneMain by 23.8% in the second quarter. Vanguard Group Inc. now owns 9,067,004 shares of the financial services provider’s stock worth $543,205,000 after buying an additional 1,744,460 shares in the last quarter. Schroder Investment Management Group purchased a new stake in shares of OneMain in the first quarter worth about $45,371,000. Principal Financial Group Inc. lifted its holdings in shares of OneMain by 345.7% in the first quarter. Principal Financial Group Inc. now owns 887,925 shares of the financial services provider’s stock worth $47,699,000 after buying an additional 688,702 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of OneMain by 15.5% in the second quarter. BlackRock Inc. now owns 4,165,223 shares of the financial services provider’s stock worth $249,537,000 after buying an additional 557,675 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of OneMain by 36.1% in the second quarter. State Street Corp now owns 1,353,608 shares of the financial services provider’s stock worth $81,095,000 after buying an additional 358,898 shares in the last quarter.

NYSE OMF traded up $0.05 on Thursday, reaching $51.11. 925,611 shares of the company’s stock traded hands, compared to its average volume of 1,299,923. OneMain Holdings, Inc. has a 12 month low of $38.95 and a 12 month high of $63.19. The stock has a 50-day simple moving average of $54.94 and a 200 day simple moving average of $57.06. The stock has a market cap of $6.71 billion, a PE ratio of 4.87 and a beta of 1.90.

OneMain (NYSE:OMF) last issued its quarterly earnings results on Tuesday, October 19th. The financial services provider reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.07. OneMain had a net margin of 30.87% and a return on equity of 44.81%. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the business earned $2.19 earnings per share. The business’s quarterly revenue was up 6.6% on a year-over-year basis. On average, equities analysts predict that OneMain Holdings, Inc. will post 10.67 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 9th. Stockholders of record on Tuesday, November 2nd were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 5.48%. The ex-dividend date of this dividend was Monday, November 1st. OneMain’s dividend payout ratio is 26.67%.

OMF has been the topic of a number of recent analyst reports. Wells Fargo & Company reissued a “buy” rating and issued a $72.00 price target on shares of OneMain in a report on Wednesday, September 15th. Stephens upped their price objective on shares of OneMain from $75.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, October 22nd. Zacks Investment Research upgraded shares of OneMain from a “sell” rating to a “hold” rating in a research report on Thursday, October 21st. Citigroup upped their price objective on shares of OneMain from $64.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday, July 28th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of OneMain in a research report on Friday, October 8th. They issued a “buy” rating and a $75.00 price objective on the stock. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, OneMain currently has an average rating of “Buy” and a consensus price target of $71.15.

In other OneMain news, CEO Douglas H. Shulman purchased 2,250 shares of the company’s stock in a transaction that occurred on Tuesday, October 26th. The stock was bought at an average price of $56.12 per share, with a total value of $126,270.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas H. Shulman purchased 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 17th. The stock was acquired at an average cost of $50.73 per share, with a total value of $50,730.00. The disclosure for this purchase can be found here. 0.13% of the stock is currently owned by company insiders.

OneMain Company Profile

OneMain Holdings, Inc is a consumer finance company, which provides origination, underwriting and servicing of personal loans, primarily to non-prime customers. It operates through the Consumer & Insurance and Other segments. The Consumer and Insurance segment comprises of service secured and unsecured personal loans, voluntary credit and non-credit insurance, and related products through its combined branch network, digital platform, and centralized operations.

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Institutional Ownership by Quarter for OneMain (NYSE:OMF)

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