4,255 Shares in OneMain Holdings, Inc. (NYSE:OMF) Bought by Redmont Wealth Advisors LLC

Redmont Wealth Advisors LLC purchased a new position in shares of OneMain Holdings, Inc. (NYSE:OMF) during the fourth quarter, HoldingsChannel reports. The firm purchased 4,255 shares of the financial services provider’s stock, valued at approximately $209,000.

Other institutional investors have also added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in OneMain during the third quarter valued at about $26,000. Atlas Capital Advisors LLC purchased a new stake in OneMain in the second quarter worth about $29,000. International Assets Investment Management LLC purchased a new stake in OneMain in the third quarter worth about $30,000. Geneos Wealth Management Inc. grew its position in shares of OneMain by 129.0% during the first 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 in the last quarter. Finally, Blue Trust Inc. grew its holdings in OneMain by 49.9% during the 4th quarter. Blue Trust Inc. now owns 730 shares of the financial services provider’s stock valued at $36,000 after buying an additional 243 shares in the last quarter. 85.82% of the stock is owned by institutional investors and hedge funds.

OneMain Stock Performance

Shares of NYSE:OMF traded up $0.50 on Friday, hitting $48.40. 359,285 shares of the company were exchanged, compared to its average volume of 1,027,427. The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 0.65 and a beta of 1.65. The company’s 50 day moving average price is $48.13 and its two-hundred day moving average price is $44.75. OneMain Holdings, Inc. has a one year low of $33.67 and a one year high of $51.65.

OneMain (NYSE:OMF) last released its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.02. OneMain had a net margin of 14.04% and a return on equity of 21.07%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $913.90 million. During the same period in the previous year, the business earned $1.56 earnings per share. Research analysts predict that OneMain Holdings, Inc. will post 5.67 earnings per share for the current year.

OneMain Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Tuesday, February 20th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 8.26%. The ex-dividend date was Friday, February 16th. OneMain’s payout ratio is presently 75.19%.

Wall Street Analyst Weigh In

OMF has been the subject of a number of research analyst reports. Royal Bank of Canada lifted their target price on OneMain from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. StockNews.com upgraded OneMain from a “hold” rating to a “buy” rating in a research note on Wednesday, February 14th. JPMorgan Chase & Co. upped their price target on OneMain from $47.00 to $51.00 and gave the company an “overweight” rating in a research report on Wednesday, April 3rd. Stephens decreased their price target on OneMain from $61.00 to $57.00 and set an “overweight” rating on the stock in a research note on Thursday, February 8th. Finally, Citigroup reduced their price objective on OneMain from $54.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, OneMain currently has an average rating of “Moderate Buy” and an average price target of $51.54.

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.