17,400 OneMain Holdings, Inc. $OMF Shares Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al grew its stake in OneMain Holdings, Inc. (NYSE:OMF) by 65.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,000 shares of the financial services provider’s stock after acquiring an additional 17,400 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in OneMain were worth $2,437,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in shares of OneMain during the 2nd quarter valued at about $633,893,000. Dimensional Fund Advisors LP grew its holdings in shares of OneMain by 7.6% in the first quarter. Dimensional Fund Advisors LP now owns 4,342,241 shares of the financial services provider’s stock valued at $232,258,000 after purchasing an additional 308,370 shares during the period. Janus Henderson Group PLC grew its holdings in shares of OneMain by 7.7% in the first quarter. Janus Henderson Group PLC now owns 2,729,862 shares of the financial services provider’s stock valued at $146,030,000 after purchasing an additional 195,591 shares during the period. Jupiter Topco LLC acquired a new stake in OneMain during the second quarter worth about $166,060,000. Finally, State Street Corp increased its position in OneMain by 1.8% during the second quarter. State Street Corp now owns 2,451,937 shares of the financial services provider’s stock worth $149,495,000 after purchasing an additional 42,917 shares during the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

OneMain Stock Performance

NYSE:OMF opened at $56.58 on Wednesday. OneMain Holdings, Inc. has a fifty-two week low of $45.78 and a fifty-two week high of $71.93. The company has a 50 day moving average price of $58.78 and a 200 day moving average price of $58.36. The stock has a market capitalization of $6.48 billion, a P/E ratio of 9.01, a PEG ratio of 0.66 and a beta of 1.30.

OneMain (NYSE:OMF) last announced its earnings results on Friday, October 30th. The financial services provider reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.05). The firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.34 billion. OneMain had a net margin of 13.43% and a return on equity of 21.97%. During the same period in the previous year, the firm earned $1.90 EPS. Research analysts forecast that OneMain Holdings, Inc. will post 6.60 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Monday, November 9th will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 7.4%. The ex-dividend date is Monday, November 9th. OneMain’s dividend payout ratio (DPR) is currently 63.93%.

Wall Street Analyst Weigh In

A number of brokerages have commented on OMF. Bank of America reduced their target price on shares of OneMain from $67.00 to $66.00 and set a “buy” rating on the stock in a research note on Monday. Royal Bank Of Canada decreased their target price on shares of OneMain from $71.00 to $70.00 and set an “outperform” rating on the stock in a report on Monday. Evercore set a $60.00 price target on shares of OneMain in a research note on Thursday, October 1st. TD Cowen cut their price target on shares of OneMain from $68.00 to $66.00 and set a “buy” rating for the company in a report on Tuesday, October 6th. Finally, Citigroup restated a “market outperform” rating on shares of OneMain in a report on Thursday, July 30th. Nine analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, OneMain has a consensus rating of “Moderate Buy” and an average price target of $67.09.

Key OneMain News

Here are the key news stories impacting OneMain this week:

• Positive Sentiment: OneMain declared a quarterly dividend of $1.05 per share, equivalent to $4.20 annually and a 7.4% yield based on the supplied figures. The payout may support investor interest, though it does not resolve concerns about credit quality.
• Neutral Sentiment: Truist lowered its price target from $71 to $70 but maintained a buy rating; RBC also cut its target from $71 to $70 while retaining an outperform rating. Truist rating information RBC rating information
• Neutral Sentiment: JPMorgan raised its target from $52 to $56 but kept an underweight rating, while Barclays lowered its target from $60 to $59 and maintained equal weight—signaling a divided outlook. JPMorgan rating information Barclays rating information
• Negative Sentiment: Northland trimmed its FY2027 EPS estimate to $8.25 from $8.32. Separately, the latest quarterly EPS of $1.51 missed the $1.56 consensus, and coverage linked the post-earnings retreat to credit concerns, which may pressure sentiment toward the consumer lender. Report on OneMain forecast revision Article on OneMain credit concerns

OneMain Profile

OneMain Holdings, Inc, operating under the OneMain Financial brand, is a consumer finance company that provides personal lending and related financial services primarily to non-prime consumers in the United States. The company serves customers through a combination of branch locations, online and mobile channels, and centralized customer service operations.

OneMain’s principal products include secured and unsecured personal loans, which customers may use for debt consolidation, home improvements, major purchases, and other personal expenses.