9,500 Shares in OneMain Holdings, Inc. (NYSE:OMF) Bought by Bailard Inc.

Bailard Inc. purchased a new stake in shares of OneMain Holdings, Inc. (NYSE:OMF) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 9,500 shares of the financial services provider’s stock, valued at approximately $467,000.

Other hedge funds have also recently made changes to their positions in the company. Adage Capital Partners GP L.L.C. bought a new stake in OneMain in the third quarter worth approximately $12,613,000. AQR Capital Management LLC increased its stake in shares of OneMain by 189.2% in the 3rd quarter. AQR Capital Management LLC now owns 429,260 shares of the financial services provider’s stock valued at $17,209,000 after acquiring an additional 280,844 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of OneMain in the 3rd quarter valued at $7,115,000. Invesco Ltd. lifted its position in shares of OneMain by 36.5% during the 3rd quarter. Invesco Ltd. now owns 565,150 shares of the financial services provider’s stock valued at $22,657,000 after acquiring an additional 151,226 shares during the period. Finally, Miller Howard Investments Inc. NY boosted its stake in OneMain by 659.7% during the fourth quarter. Miller Howard Investments Inc. NY now owns 105,289 shares of the financial services provider’s stock worth $5,180,000 after acquiring an additional 91,429 shares in the last quarter. 85.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on OMF shares. Wells Fargo & Company lifted their price target on shares of OneMain from $43.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, January 4th. JPMorgan Chase & Co. raised their target price on OneMain from $47.00 to $51.00 and gave the company an “overweight” rating in a research note on Wednesday, April 3rd. Royal Bank of Canada upped their price target on OneMain from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. Deutsche Bank Aktiengesellschaft started coverage on OneMain in a report on Wednesday, January 10th. They issued a “buy” rating and a $68.00 price target on the stock. Finally, JMP Securities restated a “market outperform” rating and set a $57.00 price objective on shares of OneMain in a report on Wednesday, April 17th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, OneMain has a consensus rating of “Moderate Buy” and a consensus price target of $51.54.

OneMain Trading Up 0.7 %

NYSE OMF opened at $50.89 on Friday. The business has a fifty day simple moving average of $48.60 and a 200 day simple moving average of $45.31. OneMain Holdings, Inc. has a 12 month low of $33.67 and a 12 month high of $51.65. The firm has a market capitalization of $6.10 billion, a P/E ratio of 9.57, a PEG ratio of 0.70 and a beta of 1.65.

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, topping the consensus estimate of $1.37 by $0.02. OneMain had a net margin of 14.04% and a return on equity of 21.07%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $913.90 million. During the same quarter in the prior year, the business posted $1.56 EPS. As a group, sell-side analysts predict that OneMain Holdings, Inc. will post 5.67 EPS for the current fiscal year.

OneMain Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Tuesday, February 20th were given a dividend of $1.00 per share. The ex-dividend date was Friday, February 16th. This represents a $4.00 annualized dividend and a dividend yield of 7.86%. OneMain’s dividend payout ratio is currently 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.