Raymond James & Associates Sells 2,368 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Raymond James & Associates lowered its stake in OneMain Holdings, Inc. (NYSE:OMF) by 6.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,848 shares of the financial services provider’s stock after selling 2,368 shares during the period. Raymond James & Associates’ holdings in OneMain were worth $1,665,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of OneMain by 0.4% in the first quarter. Vanguard Group Inc. now owns 12,428,932 shares of the financial services provider’s stock valued at $589,256,000 after purchasing an additional 51,537 shares in the last quarter. Capital International Investors grew its holdings in OneMain by 77.1% during the 1st quarter. Capital International Investors now owns 9,842,786 shares of the financial services provider’s stock worth $466,646,000 after acquiring an additional 4,284,232 shares during the period. BlackRock Inc. grew its holdings in OneMain by 2.2% during the 2nd quarter. BlackRock Inc. now owns 5,745,515 shares of the financial services provider’s stock worth $251,022,000 after acquiring an additional 123,513 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in OneMain by 5.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,553,732 shares of the financial services provider’s stock worth $168,853,000 after acquiring an additional 236,724 shares during the period. Finally, Wellington Management Group LLP grew its holdings in OneMain by 5.9% during the 1st quarter. Wellington Management Group LLP now owns 3,126,854 shares of the financial services provider’s stock worth $148,244,000 after acquiring an additional 174,300 shares during the period. Institutional investors and hedge funds own 85.82% of the company’s stock.

OneMain Trading Up 1.4 %

OMF opened at $47.89 on Friday. The stock has a market capitalization of $5.74 billion, a P/E ratio of 9.00, a P/E/G ratio of 0.66 and a beta of 1.65. OneMain Holdings, Inc. has a 12 month low of $33.67 and a 12 month high of $51.65. The firm’s fifty day simple moving average is $48.13 and its 200 day simple moving average is $44.75.

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

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Tuesday, February 20th were given a $1.00 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $4.00 annualized dividend and a yield of 8.35%. OneMain’s dividend payout ratio is currently 75.19%.

Analysts Set New Price Targets

OMF has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of OneMain in a report on Wednesday, January 10th. They set a “buy” rating and a $68.00 target price for the company. Citigroup lowered their target price 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. JMP Securities reaffirmed a “market outperform” rating and set a $57.00 target price on shares of OneMain in a report on Wednesday. Royal Bank of Canada lifted their target price on shares of OneMain from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Finally, JPMorgan Chase & Co. boosted their price target on shares of OneMain from $47.00 to $51.00 and gave the company an “overweight” rating in a report on Wednesday, April 3rd. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, OneMain currently has an average rating of “Moderate Buy” and a consensus 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.