OneMain Holdings, Inc. (NYSE:OMF) Shares Bought by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. raised its stake in OneMain Holdings, Inc. (NYSE:OMF) by 9.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,525 shares of the financial services provider’s stock after purchasing an additional 764 shares during the period. Cookson Peirce & Co. Inc.’s holdings in OneMain were worth $419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of OMF. Quantbot Technologies LP acquired a new stake in OneMain in the 3rd quarter valued at about $26,000. Atlas Capital Advisors LLC purchased a new position in shares of OneMain in the 2nd quarter valued at $29,000. International Assets Investment Management LLC acquired a new stake in OneMain during the 3rd quarter worth $30,000. Geneos Wealth Management Inc. boosted its stake in OneMain by 129.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 710 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 400 shares during the period. Finally, Blue Trust Inc. boosted its stake in OneMain by 49.9% during the 4th quarter. Blue Trust Inc. now owns 730 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 243 shares during the period. Institutional investors and hedge funds own 85.82% of the company’s stock.

Analyst Upgrades and Downgrades

OMF has been the subject of several recent analyst reports. Stephens reduced their price objective on shares of OneMain from $61.00 to $57.00 and set an “overweight” rating for the company in a research note on Thursday, February 8th. JPMorgan Chase & Co. raised their price objective on shares of OneMain from $47.00 to $51.00 and gave the company an “overweight” rating in a research note on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of OneMain in a research note on Wednesday, January 10th. They issued a “buy” rating and a $68.00 price objective for the company. Wells Fargo & Company raised their price objective 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. Finally, Royal Bank of Canada raised their target price on shares of OneMain from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Monday, April 1st. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $51.54.

OneMain Price Performance

Shares of NYSE OMF opened at $47.43 on Wednesday. The company has a market cap of $5.68 billion, a PE ratio of 8.92, a price-to-earnings-growth ratio of 0.65 and a beta of 1.65. OneMain Holdings, Inc. has a 12 month low of $33.67 and a 12 month high of $51.65. The company has a 50-day simple moving average of $48.00 and a 200-day simple moving average of $44.71.

OneMain (NYSE:OMF) last released 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 business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $913.90 million. During the same period last year, the company earned $1.56 earnings per share. On average, analysts anticipate that OneMain Holdings, Inc. will post 5.67 EPS for the current year.

OneMain Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 8.43%. OneMain’s dividend payout ratio (DPR) is 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.