Public Employees Retirement System of Ohio Has $3.01 Million Stock Position in OneMain Holdings Inc (NYSE:OMF)

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Public Employees Retirement System of Ohio trimmed its holdings in shares of OneMain Holdings Inc (NYSE:OMF) by 7.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 89,019 shares of the financial services provider’s stock after selling 6,900 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.07% of OneMain worth $3,010,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of OMF. Global Retirement Partners LLC grew its stake in OneMain by 33.0% in the first quarter. Global Retirement Partners LLC now owns 1,430 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 355 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of OneMain by 164.5% during the 2nd quarter. Bank of Montreal Can now owns 2,182 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 1,357 shares in the last quarter. Twin Tree Management LP boosted its stake in shares of OneMain by 19.4% during the 1st quarter. Twin Tree Management LP now owns 2,780 shares of the financial services provider’s stock worth $88,000 after acquiring an additional 451 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of OneMain by 211.5% during the 1st quarter. Advisors Asset Management Inc. now owns 4,772 shares of the financial services provider’s stock worth $152,000 after acquiring an additional 3,240 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of OneMain during the 2nd quarter worth about $263,000. 82.64% of the stock is currently owned by hedge funds and other institutional investors.

OneMain stock traded down $0.58 during trading hours on Monday, hitting $38.23. The stock had a trading volume of 16,913 shares, compared to its average volume of 649,809. The company has a 50-day moving average of $38.08 and a two-hundred day moving average of $34.27. The company has a market cap of $5.22 billion, a PE ratio of 7.57, a price-to-earnings-growth ratio of 0.62 and a beta of 2.37. OneMain Holdings Inc has a fifty-two week low of $22.47 and a fifty-two week high of $43.28.

OneMain (NYSE:OMF) last posted its quarterly earnings results on Monday, July 29th. The financial services provider reported $1.62 EPS for the quarter, beating the consensus estimate of $1.35 by $0.27. The firm had revenue of $762.00 million during the quarter, compared to analysts’ expectations of $743.08 million. OneMain had a return on equity of 19.99% and a net margin of 15.98%. During the same quarter in the prior year, the firm posted $1.18 EPS. On average, equities analysts anticipate that OneMain Holdings Inc will post 6.15 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.62%. OneMain’s payout ratio is presently 19.76%.

Several analysts have recently issued reports on the company. Piper Jaffray Companies set a $48.00 price target on OneMain and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Northland Securities upgraded OneMain from a “market perform” rating to an “outperform” rating and increased their target price for the company from $38.00 to $40.00 in a research note on Wednesday, June 26th. JPMorgan Chase & Co. upgraded OneMain from a “neutral” rating to an “overweight” rating and increased their target price for the company from $37.50 to $41.00 in a research note on Tuesday, July 16th. ValuEngine downgraded OneMain from a “hold” rating to a “sell” rating in a research note on Friday, August 16th. Finally, Zacks Investment Research upgraded OneMain from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $41.27.

OneMain Profile

OneMain Holdings, Inc, through its subsidiaries, provides consumer finance and insurance products and services. The company operates in two segments, Consumer and Insurance, and Acquisitions and Servicing. It provides secured and unsecured personal loans; credit insurance products, such as life, disability, and involuntary unemployment insurance products; non-credit insurance; and auto membership plans, as well as retail sales finance services.

Further Reading: What is a good rate of return for a mutual fund?

Institutional Ownership by Quarter for OneMain (NYSE:OMF)

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