OneMain Holdings Inc (NYSE:OMF) Shares Purchased by Hancock Whitney Corp

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Hancock Whitney Corp boosted its stake in shares of OneMain Holdings Inc (NYSE:OMF) by 0.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 54,156 shares of the financial services provider’s stock after purchasing an additional 437 shares during the quarter. Hancock Whitney Corp’s holdings in OneMain were worth $2,283,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bayview Asset Management LLC boosted its stake in OneMain by 85.0% during the third quarter. Bayview Asset Management LLC now owns 1,503,592 shares of the financial services provider’s stock worth $55,152,000 after buying an additional 691,033 shares during the last quarter. Millennium Management LLC boosted its stake in OneMain by 5,032.9% during the third quarter. Millennium Management LLC now owns 861,603 shares of the financial services provider’s stock worth $31,603,000 after buying an additional 844,817 shares during the last quarter. First Trust Advisors LP boosted its stake in OneMain by 56.4% during the third quarter. First Trust Advisors LP now owns 666,277 shares of the financial services provider’s stock worth $24,439,000 after buying an additional 240,300 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in OneMain by 2.7% during the third quarter. Parametric Portfolio Associates LLC now owns 312,235 shares of the financial services provider’s stock worth $11,453,000 after buying an additional 8,243 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in OneMain by 110.6% during the fourth quarter. California Public Employees Retirement System now owns 289,246 shares of the financial services provider’s stock worth $12,192,000 after buying an additional 151,927 shares during the last quarter. 83.12% of the stock is currently owned by institutional investors.

Shares of OneMain stock opened at $47.91 on Friday. OneMain Holdings Inc has a 52 week low of $29.85 and a 52 week high of $48.84. The business’s fifty day simple moving average is $42.78 and its 200-day simple moving average is $40.26. The firm has a market cap of $6.40 billion, a PE ratio of 6.99, a price-to-earnings-growth ratio of 0.69 and a beta of 2.28.

OneMain (NYSE:OMF) last posted its quarterly earnings data on Monday, February 10th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.75 by $0.21. The firm had revenue of $855.00 million for the quarter, compared to the consensus estimate of $832.39 million. OneMain had a return on equity of 22.58% and a net margin of 19.93%. During the same quarter in the previous year, the business earned $1.39 EPS. On average, research analysts expect that OneMain Holdings Inc will post 6.84 earnings per share for the current year.

The company also recently disclosed a None dividend, which will be paid on Friday, March 13th. Investors of record on Wednesday, February 26th will be issued a $2.83 dividend. This represents a dividend yield of 2.1%. The ex-dividend date is Tuesday, February 25th. This is an increase from OneMain’s previous None dividend of $0.25. OneMain’s payout ratio is currently 14.88%.

OMF has been the topic of several recent analyst reports. Piper Jaffray Companies upped their price target on OneMain from $48.00 to $51.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. They noted that the move was a valuation call. JMP Securities reaffirmed an “outperform” rating and issued a $55.00 price target on shares of OneMain in a research note on Wednesday. Zacks Investment Research raised OneMain from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Thursday, January 23rd. BTIG Research set a $49.00 price target on OneMain and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, ValuEngine raised OneMain from a “strong sell” rating to a “sell” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $47.08.

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: Treasury Bonds

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Institutional Ownership by Quarter for OneMain (NYSE:OMF)

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