Miller Howard Investments Inc. NY Increases Stock Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Miller Howard Investments Inc. NY grew its stake in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 659.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,289 shares of the financial services provider's stock after buying an additional 91,429 shares during the period. Miller Howard Investments Inc. NY owned 0.09% of OneMain worth $5,180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in OneMain by 0.4% in the first quarter. Vanguard Group Inc. now owns 12,428,932 shares of the financial services provider's stock worth $589,256,000 after purchasing an additional 51,537 shares during the last quarter. Capital International Investors increased its position in OneMain by 77.1% in the first quarter. Capital International Investors now owns 9,842,786 shares of the financial services provider's stock worth $466,646,000 after purchasing an additional 4,284,232 shares during the last quarter. BlackRock Inc. increased its position in OneMain by 2.2% in the second quarter. BlackRock Inc. now owns 5,745,515 shares of the financial services provider's stock worth $251,022,000 after purchasing an additional 123,513 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in OneMain by 5.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,553,732 shares of the financial services provider's stock worth $168,853,000 after purchasing an additional 236,724 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in OneMain by 5.9% in the first quarter. Wellington Management Group LLP now owns 3,126,854 shares of the financial services provider's stock worth $148,244,000 after purchasing an additional 174,300 shares during the last quarter. Institutional investors own 85.82% of the company's stock.

Analysts Set New Price Targets

OMF has been the topic of several research reports. Deutsche Bank Aktiengesellschaft started coverage on shares of OneMain in a research report on Wednesday, January 10th. They issued a "buy" rating and a $68.00 price target on the stock. Stephens dropped 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. lifted their price objective on shares of OneMain from $47.00 to $51.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 3rd. Wells Fargo & Company lifted their price objective on shares of OneMain from $43.00 to $48.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 4th. Finally, Barclays dropped their price objective on shares of OneMain from $57.00 to $54.00 and set an "overweight" rating for the company in a research note on Thursday, February 8th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $51.54.

OneMain Trading Down 2.8 %

Shares of OMF traded down $1.41 during trading hours on Wednesday, reaching $48.14. 801,133 shares of the company traded hands, compared to its average volume of 1,039,554. The firm has a market cap of $5.77 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 0.68 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 stock's fifty day moving average price is $48.02 and its 200 day moving average price is $44.44.

OneMain (NYSE:OMF - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $1.39 earnings per share for the quarter, topping 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 company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $913.90 million. During the same period in the prior year, the firm earned $1.56 earnings per share. On average, research analysts forecast that OneMain Holdings, Inc. will post 5.69 earnings per share for the current year.

OneMain Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Tuesday, February 20th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 8.31%. The ex-dividend date of this dividend was Friday, February 16th. OneMain's dividend payout ratio (DPR) is presently 75.19%.

OneMain Company 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.