Taylor Frigon Capital Management LLC Makes New $1.65 Million Investment in OneMain Holdings, Inc. (NYSE:OMF)

Taylor Frigon Capital Management LLC bought a new position in OneMain Holdings, Inc. (NYSE:OMF - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 33,525 shares of the financial services provider's stock, valued at approximately $1,649,000.

A number of other institutional investors also recently modified their holdings of OMF. JPMorgan Chase & Co. grew its stake in OneMain by 43.2% during the first quarter. JPMorgan Chase & Co. now owns 200,354 shares of the financial services provider's stock valued at $9,500,000 after acquiring an additional 60,428 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in OneMain by 106.2% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 13,392 shares of the financial services provider's stock worth $635,000 after acquiring an additional 6,898 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in shares of OneMain during the first quarter worth about $534,000. Bank of Montreal Can increased its position in shares of OneMain by 72.6% in the first quarter. Bank of Montreal Can now owns 49,082 shares of the financial services provider's stock worth $2,336,000 after purchasing an additional 20,646 shares during the last quarter. Finally, MetLife Investment Management LLC bought a new stake in OneMain during the first quarter valued at approximately $104,000. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

OneMain Stock Performance

Shares of OMF stock traded down $0.85 during trading hours on Friday, reaching $46.72. The company had a trading volume of 1,157,899 shares, compared to its average volume of 990,262. The firm has a market cap of $5.60 billion, a PE ratio of 8.78, a price-to-earnings-growth ratio of 0.64 and a beta of 1.65. The business has a fifty day moving average price of $48.01 and a 200-day moving average price of $44.61. OneMain Holdings, Inc. has a one year low of $33.67 and a one year high of $51.65.

OneMain (NYSE:OMF - Get Free Report) last announced 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. The business had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $913.90 million. OneMain had a return on equity of 21.07% and a net margin of 14.04%. During the same period last year, the firm posted $1.56 earnings per share. Equities research analysts forecast that OneMain Holdings, Inc. will post 5.67 EPS for the current year.

OneMain Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Tuesday, February 20th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 8.56%. The ex-dividend date was Friday, February 16th. OneMain's dividend payout ratio (DPR) is 75.19%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on OMF. JMP Securities upped their price objective on shares of OneMain from $53.00 to $57.00 and gave the company a "market outperform" rating in a research note on Thursday, February 8th. Deutsche Bank Aktiengesellschaft began coverage on OneMain in a research report on Wednesday, January 10th. They issued a "buy" rating and a $68.00 price objective for the company. StockNews.com raised shares of OneMain from a "hold" rating to a "buy" rating in a research note on Wednesday, February 14th. Barclays cut their price target on shares of OneMain from $57.00 to $54.00 and set an "overweight" rating on the stock in a report on Thursday, February 8th. Finally, JPMorgan Chase & Co. raised their target price on OneMain from $47.00 to $51.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 3rd. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $51.54.

About OneMain

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.