29,031 Shares in OneMain Holdings, Inc. (NYSE:OMF) Bought by Cerity Partners LLC

Cerity Partners LLC acquired a new stake in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 29,031 shares of the financial services provider's stock, valued at approximately $1,429,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its stake in shares of OneMain by 43.2% in the first quarter. JPMorgan Chase & Co. now owns 200,354 shares of the financial services provider's stock valued at $9,500,000 after buying an additional 60,428 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of OneMain by 106.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 13,392 shares of the financial services provider's stock valued at $635,000 after buying an additional 6,898 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of OneMain in the first quarter valued at $534,000. Bank of Montreal Can increased its stake 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 valued at $2,336,000 after buying an additional 20,646 shares in the last quarter. Finally, MetLife Investment Management LLC acquired a new stake in shares of OneMain in the first quarter valued at $104,000. 85.82% of the stock is owned by institutional investors.

OneMain Stock Performance

OMF traded up $0.80 during midday trading on Friday, reaching $48.70. 780,480 shares of the company were exchanged, compared to its average volume of 791,693. OneMain Holdings, Inc. has a one year low of $33.67 and a one year high of $51.65. The stock has a market capitalization of $5.83 billion, a P/E ratio of 9.15, a PEG ratio of 0.67 and a beta of 1.65. The stock's 50-day simple moving average is $48.21 and its 200 day simple moving average is $44.92.

OneMain (NYSE:OMF - Get Free Report) last issued its earnings results on Wednesday, February 7th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.37 by $0.02. OneMain had a return on equity of 21.07% and a net margin of 14.04%. The firm had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $913.90 million. During the same quarter last year, the business earned $1.56 earnings per share. On average, research analysts anticipate that OneMain Holdings, Inc. will post 5.67 earnings per share for the current year.

OneMain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Tuesday, February 20th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 8.21%. The ex-dividend date was Friday, February 16th. OneMain's dividend payout ratio (DPR) is presently 75.19%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Stephens lowered their target price on OneMain from $61.00 to $57.00 and set an "overweight" rating for the company in a research note on Thursday, February 8th. StockNews.com upgraded OneMain from a "hold" rating to a "buy" rating in a research report on Wednesday, February 14th. Deutsche Bank Aktiengesellschaft started 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. Northland Securities lowered OneMain from an "outperform" rating to a "market perform" rating and lifted their price objective for the stock from $46.00 to $49.00 in a research report on Wednesday, January 17th. Finally, Piper Sandler lowered OneMain from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $55.00 to $49.00 in a research report on Thursday, February 8th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price 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.