Genus Capital Management Inc. Purchases 21,156 Shares of OneMain Holdings, Inc. $OMF

Genus Capital Management Inc. raised its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 93.6% in the second quarter, HoldingsChannel reports. The fund owned 43,770 shares of the financial services provider’s stock after acquiring an additional 21,156 shares during the period. Genus Capital Management Inc.’s holdings in OneMain were worth $2,495,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. Bryce Point Capital LLC bought a new stake in shares of OneMain during the second quarter worth approximately $799,000. Bank of Montreal Can raised its position in shares of OneMain by 9.6% in the second quarter. Bank of Montreal Can now owns 23,418 shares of the financial services provider’s stock valued at $1,335,000 after buying an additional 2,047 shares in the last quarter. Plato Investment Management Ltd acquired a new stake in shares of OneMain in the second quarter valued at approximately $66,000. Assetmark Inc. raised its position in shares of OneMain by 5.1% in the second quarter. Assetmark Inc. now owns 10,184 shares of the financial services provider’s stock valued at $580,000 after buying an additional 498 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its position in shares of OneMain by 7.1% in the second quarter. Arkadios Wealth Advisors now owns 5,395 shares of the financial services provider’s stock valued at $308,000 after buying an additional 359 shares in the last quarter. Institutional investors own 85.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company assumed coverage on shares of OneMain in a research report on Monday, August 25th. They issued an “equal weight” rating for the company. Citizens Jmp lifted their price target on shares of OneMain from $63.00 to $70.00 and gave the company a “market outperform” rating in a research report on Monday. Barclays lifted their price target on shares of OneMain from $48.00 to $56.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of OneMain in a research report on Friday, October 31st. Finally, JPMorgan Chase & Co. lifted their price target on shares of OneMain from $57.00 to $59.00 and gave the company a “neutral” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, OneMain has a consensus rating of “Moderate Buy” and a consensus target price of $63.13.

OneMain Price Performance

Shares of OMF opened at $60.45 on Wednesday. OneMain Holdings, Inc. has a one year low of $38.00 and a one year high of $63.24. The company has a market cap of $7.19 billion, a P/E ratio of 10.91, a P/E/G ratio of 0.45 and a beta of 1.32. The firm has a 50 day simple moving average of $58.37 and a two-hundred day simple moving average of $55.78.

OneMain (NYSE:OMF) last announced its quarterly earnings data on Friday, October 31st. The financial services provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.58 by $0.32. OneMain had a net margin of 12.63% and a return on equity of 20.65%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the previous year, the business earned $1.31 earnings per share. On average, analysts expect that OneMain Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

OneMain Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 10th will be given a dividend of $1.05 per share. This is an increase from OneMain’s previous quarterly dividend of $1.04. This represents a $4.20 annualized dividend and a yield of 6.9%. The ex-dividend date is Monday, November 10th. OneMain’s dividend payout ratio (DPR) is presently 71.19%.

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.