OneMain Holdings, Inc. (NYSE:OMF) Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund increased its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 8.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 663,588 shares of the financial services provider’s stock after acquiring an additional 51,073 shares during the period. New York State Common Retirement Fund owned approximately 0.55% of OneMain worth $32,649,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Brandes Investment Partners LP grew its holdings in OneMain by 3.6% during the third quarter. Brandes Investment Partners LP now owns 1,738,491 shares of the financial services provider’s stock worth $69,696,000 after acquiring an additional 61,106 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in OneMain by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,331,512 shares of the financial services provider’s stock worth $53,380,000 after acquiring an additional 23,699 shares during the period. Northern Trust Corp boosted its position in shares of OneMain by 1.4% in the 3rd quarter. Northern Trust Corp now owns 1,172,019 shares of the financial services provider’s stock valued at $46,986,000 after purchasing an additional 16,646 shares during the period. Bank of New York Mellon Corp boosted its position in shares of OneMain by 5.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,052,225 shares of the financial services provider’s stock valued at $42,184,000 after purchasing an additional 58,079 shares during the period. Finally, Invesco Ltd. boosted its position in shares of OneMain by 36.5% in the 3rd quarter. Invesco Ltd. now owns 565,150 shares of the financial services provider’s stock valued at $22,657,000 after purchasing an additional 151,226 shares during the period. 85.82% of the stock is owned by institutional investors and hedge funds.

OneMain Price Performance

OMF opened at $50.52 on Friday. OneMain Holdings, Inc. has a fifty-two week low of $33.67 and a fifty-two week high of $51.65. The business has a 50-day moving average of $48.45 and a 200-day moving average of $45.13. The company has a market capitalization of $6.05 billion, a PE ratio of 9.50, a price-to-earnings-growth ratio of 0.71 and a beta of 1.65.

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

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Tuesday, February 20th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 7.92%. The ex-dividend date of this dividend was Friday, February 16th. OneMain’s payout ratio is 75.19%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. increased their price target on OneMain from $47.00 to $51.00 and gave the company an “overweight” rating in a research report on Wednesday, April 3rd. JMP Securities reiterated a “market outperform” rating and issued a $57.00 price target on shares of OneMain in a research report on Wednesday, April 17th. Northland Securities lowered OneMain from an “outperform” rating to a “market perform” rating and increased their price target for the company from $46.00 to $49.00 in a research report on Wednesday, January 17th. Piper Sandler lowered OneMain from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $55.00 to $49.00 in a research report on Thursday, February 8th. Finally, Barclays decreased their price objective on OneMain from $57.00 to $54.00 and set an “overweight” rating for the company in a research report on Thursday, February 8th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company 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.