Hohimer Wealth Management LLC Purchases 23,242 Shares of OneMain Holdings, Inc. $OMF

Hohimer Wealth Management LLC acquired a new stake in shares of OneMain Holdings, Inc. (NYSE:OMF) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 23,242 shares of the financial services provider’s stock, valued at approximately $1,287,000.

Several other hedge funds and other institutional investors have also made changes to their positions in OMF. Brighton Jones LLC grew its position in shares of OneMain by 28.6% during the third quarter. Brighton Jones LLC now owns 21,362 shares of the financial services provider’s stock valued at $1,183,000 after purchasing an additional 4,757 shares in the last quarter. Heritage Family Offices LLP purchased a new stake in shares of OneMain in the third quarter worth about $92,000. Chicago Partners Investment Group LLC lifted its position in shares of OneMain by 4.3% in the third quarter. Chicago Partners Investment Group LLC now owns 21,183 shares of the financial services provider’s stock worth $1,180,000 after buying an additional 866 shares in the last quarter. Covestor Ltd lifted its position in shares of OneMain by 13.5% in the third quarter. Covestor Ltd now owns 2,164 shares of the financial services provider’s stock worth $120,000 after buying an additional 257 shares in the last quarter. Finally, Ascent Group LLC boosted its stake in OneMain by 2.0% during the third quarter. Ascent Group LLC now owns 18,336 shares of the financial services provider’s stock valued at $1,016,000 after buying an additional 368 shares during the last quarter. Institutional investors own 85.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on OMF shares. JPMorgan Chase & Co. raised their price target on OneMain from $52.00 to $56.00 and gave the company an “underweight” rating in a report on Monday, November 2nd. Bank of America decreased their target price on shares of OneMain from $67.00 to $66.00 and set a “buy” rating on the stock in a research report on Monday, November 2nd. TD Cowen reduced their price objective on OneMain from $68.00 to $66.00 and set a “buy” rating on the stock in a research note on Tuesday, October 6th. Barclays decreased their price objective on OneMain from $60.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Monday, November 2nd. Finally, Weiss Ratings raised OneMain from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 30th. Nine equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $66.82.

OneMain Trading Down 1.0%

NYSE:OMF opened at $55.51 on Tuesday. The company has a market cap of $6.35 billion, a price-to-earnings ratio of 9.11, a price-to-earnings-growth ratio of 0.67 and a beta of 1.30. OneMain Holdings, Inc. has a twelve month low of $45.78 and a twelve month high of $71.93. The stock has a fifty day simple moving average of $58.24 and a 200-day simple moving average of $58.21.

OneMain (NYSE:OMF) last posted its quarterly earnings results on Friday, October 30th. The financial services provider reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.05). The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.34 billion. OneMain had a return on equity of 21.90% and a net margin of 13.43%. During the same quarter in the previous year, the company posted $1.90 earnings per share. As a group, equities research analysts predict that OneMain Holdings, Inc. will post 6.59 EPS for the current fiscal year.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Monday, November 9th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 7.6%. The ex-dividend date of this dividend is Monday, November 9th. OneMain’s payout ratio is 63.93%.

OneMain Profile

OneMain Holdings, Inc is a consumer finance company that provides personal loans to customers, including borrowers who may have limited access to traditional credit. Its offerings include secured and unsecured installment loans, which customers can apply for through its branches or digital channels.

The company also offers credit-related insurance and other products designed to complement its lending services. OneMain serves customers across the United States through a nationwide branch network and online services.

OneMain’s roots include the Household Finance business, which dates to the early 20th century.