Larson Financial Group LLC Reduces Stake in OneMain Holdings, Inc. (NYSE:OMF)

Larson Financial Group LLC cut its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 0.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 42,719 shares of the financial services provider’s stock after selling 274 shares during the period. Larson Financial Group LLC’s holdings in OneMain were worth $2,102,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Brandes Investment Partners LP lifted its stake in OneMain by 3.6% in the 3rd quarter. Brandes Investment Partners LP now owns 1,738,491 shares of the financial services provider’s stock worth $69,696,000 after purchasing an additional 61,106 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in OneMain by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,331,512 shares of the financial services provider’s stock worth $53,380,000 after purchasing an additional 23,699 shares in the last quarter. Northern Trust Corp lifted its stake in OneMain by 1.4% in the 3rd quarter. Northern Trust Corp now owns 1,172,019 shares of the financial services provider’s stock worth $46,986,000 after purchasing an additional 16,646 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in OneMain by 5.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,052,225 shares of the financial services provider’s stock worth $42,184,000 after purchasing an additional 58,079 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its stake in OneMain by 8.3% in the 4th quarter. New York State Common Retirement Fund now owns 663,588 shares of the financial services provider’s stock worth $32,649,000 after purchasing an additional 51,073 shares in the last quarter. 85.82% of the stock is owned by institutional investors.

OneMain Price Performance

Shares of OMF traded up $1.13 during midday trading on Tuesday, hitting $50.29. The stock had a trading volume of 210,194 shares, compared to its average volume of 1,018,945. OneMain Holdings, Inc. has a 1 year low of $33.67 and a 1 year high of $51.65. The firm has a market cap of $6.02 billion, a PE ratio of 9.24, a price-to-earnings-growth ratio of 0.67 and a beta of 1.65. The stock’s 50 day moving average is $48.26 and its 200 day moving average is $45.00.

OneMain (NYSE:OMF) last posted its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.37 by $0.02. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $913.90 million. OneMain had a net margin of 14.04% and a return on equity of 21.07%. During the same quarter last year, the firm posted $1.56 EPS. As a group, equities research analysts expect that OneMain Holdings, Inc. will post 5.67 earnings per share for the current fiscal year.

OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Tuesday, February 20th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 7.95%. The ex-dividend date of this dividend was Friday, February 16th. OneMain’s payout ratio is 75.19%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of OneMain in a research report on Wednesday, January 10th. They set a “buy” rating and a $68.00 price objective on the stock. Citigroup decreased their target price on shares of OneMain from $54.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. JMP Securities reiterated a “market outperform” rating and issued a $57.00 target price on shares of OneMain in a research report on Wednesday, April 17th. Wells Fargo & Company lifted their target price on shares of OneMain from $43.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 4th. Finally, JPMorgan Chase & Co. lifted their target price on shares of OneMain from $47.00 to $51.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 3rd. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.