Hohimer Wealth Management LLC Acquires 23,242 Shares of OneMain Holdings, Inc. $OMF

Key Points

• Hohimer Wealth Management opened a position in OneMain Holdings, acquiring 23,242 shares valued at approximately $1.287 million. Institutional investors collectively own 85.82% of the company’s stock.
• OneMain reported quarterly EPS of $1.51, below the $1.56 consensus estimate, while revenue of $1.70 billion exceeded the $1.34 billion forecast. It announced a $1.05 quarterly dividend, equivalent to a 7.6% yield at the cited share price.
• Analysts’ consensus rating was Moderate Buy, with an average price target of $66.82; shares opened at $55.51 on Tuesday.

Hohimer Wealth Management LLC acquired a new stake in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,242 shares of the financial services provider's stock, valued at approximately $1,287,000.

A number of other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC increased its position in shares of OneMain by 28.6% during the 3rd quarter. Brighton Jones LLC now owns 21,362 shares of the financial services provider's stock valued at $1,183,000 after purchasing an additional 4,757 shares during the last quarter. Heritage Family Offices LLP bought a new position in shares of OneMain in the 3rd quarter worth approximately $92,000. Chicago Partners Investment Group LLC lifted its stake in shares of OneMain by 4.3% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 21,183 shares of the financial services provider's stock worth $1,180,000 after purchasing an additional 866 shares during the period. Covestor Ltd boosted its holdings in shares of OneMain by 13.5% in the third quarter. Covestor Ltd now owns 2,164 shares of the financial services provider's stock worth $120,000 after buying an additional 257 shares during the last quarter. Finally, Ascent Group LLC boosted its holdings in shares of OneMain by 2.0% in the third quarter. Ascent Group LLC now owns 18,336 shares of the financial services provider's stock worth $1,016,000 after buying an additional 368 shares during the last quarter. Institutional investors own 85.82% of the company's stock.

OneMain Stock Down 1.0%

NYSE OMF opened at $55.51 on Tuesday. The firm has a market cap of $6.35 billion, a price-to-earnings ratio of 9.11, a price-to-earnings-growth ratio of 0.67 and a beta of 1.30. The business has a 50-day moving average price of $58.24 and a 200-day moving average price of $58.21. OneMain Holdings, Inc. has a twelve month low of $45.78 and a twelve month high of $71.93.

OneMain (NYSE:OMF - Get Free Report) last issued its earnings results on Friday, October 30th. The financial services provider reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.05). OneMain had a net margin of 13.43% and a return on equity of 21.90%. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the business posted $1.90 EPS. Research analysts expect that OneMain Holdings, Inc. will post 6.59 EPS for the current fiscal year.

OneMain Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Monday, November 9th. This represents a $4.20 annualized dividend and a dividend yield of 7.6%. OneMain's dividend payout ratio (DPR) is presently 63.93%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of OneMain from $52.00 to $56.00 and gave the company an "underweight" rating in a report on Monday, November 2nd. Weiss Ratings upgraded shares of OneMain from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, October 30th. Citigroup reiterated a "market outperform" rating on shares of OneMain in a research note on Thursday, July 30th. Wells Fargo & Company cut their price objective on shares of OneMain from $65.00 to $62.00 and set an "equal weight" rating for the company in a research report on Wednesday, November 4th. Finally, Truist Financial cut their price objective on shares of OneMain from $71.00 to $70.00 and set a "buy" rating for the company in a research report on Tuesday, November 3rd. Nine analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $66.82.

OneMain Company Profile

OneMain Holdings, Inc is a consumer finance company that provides personal loans to customers, including borrowers who may have limited access to traditional credit. Its offerings include secured and unsecured installment loans, which customers can apply for through its branches or digital channels.

The company also offers credit-related insurance and other products designed to complement its lending services. OneMain serves customers across the United States through a nationwide branch network and online services.

OneMain's roots include the Household Finance business, which dates to the early 20th century.

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