California Public Employees Retirement System Reduces Stock Holdings in OneMain Holdings, Inc. (NYSE:OMF)

California Public Employees Retirement System reduced its stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 7.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 214,613 shares of the financial services provider's stock after selling 16,296 shares during the period. California Public Employees Retirement System owned approximately 0.18% of OneMain worth $10,559,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Handelsbanken Fonder AB raised its stake in OneMain by 8.6% in the fourth quarter. Handelsbanken Fonder AB now owns 18,881 shares of the financial services provider's stock valued at $929,000 after buying an additional 1,500 shares in the last quarter. Signaturefd LLC raised its stake in OneMain by 11.1% in the fourth quarter. Signaturefd LLC now owns 6,414 shares of the financial services provider's stock valued at $316,000 after buying an additional 642 shares in the last quarter. Verdence Capital Advisors LLC raised its stake in OneMain by 1.3% in the fourth quarter. Verdence Capital Advisors LLC now owns 36,163 shares of the financial services provider's stock valued at $1,779,000 after buying an additional 455 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new stake in OneMain in the fourth quarter valued at $209,000. Finally, Xponance Inc. acquired a new stake in OneMain in the fourth quarter valued at $201,000. 85.82% of the stock is currently owned by institutional investors and hedge funds.

OneMain Trading Up 0.1 %

Shares of NYSE OMF traded up $0.05 during midday trading on Thursday, reaching $50.81. 1,478,882 shares of the company were exchanged, compared to its average volume of 1,058,417. OneMain Holdings, Inc. has a 1 year low of $33.67 and a 1 year high of $53.65. The stock has a fifty day simple moving average of $48.87 and a 200 day simple moving average of $45.58. The stock has a market cap of $6.09 billion, a P/E ratio of 9.89, a PEG ratio of 0.72 and a beta of 1.63.

OneMain (NYSE:OMF - Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $1.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.07. OneMain had a return on equity of 20.94% and a net margin of 13.29%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $907.93 million. During the same quarter in the previous year, the company earned $1.46 EPS. As a group, analysts forecast that OneMain Holdings, Inc. will post 5.67 earnings per share for the current year.

OneMain Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 10th will be given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.19%. This is an increase from OneMain's previous quarterly dividend of $1.00. The ex-dividend date is Thursday, May 9th. OneMain's dividend payout ratio (DPR) is presently 77.97%.

Analyst Ratings Changes

A number of analysts have weighed in on OMF shares. Citigroup cut their price target on OneMain from $54.00 to $52.00 and set a "buy" rating on the stock in a research note on Thursday, February 8th. JPMorgan Chase & Co. raised their price objective on OneMain from $51.00 to $52.00 and gave the stock an "overweight" rating in a report on Wednesday. TD Cowen raised their price objective on OneMain from $58.00 to $60.00 and gave the stock a "buy" rating in a report on Wednesday. Wells Fargo & Company raised their price objective on OneMain from $43.00 to $48.00 and gave the stock an "equal weight" rating in a report on Thursday, January 4th. Finally, Royal Bank of Canada raised their price objective on OneMain from $50.00 to $55.00 and gave the stock an "outperform" rating in a report on Monday, April 1st. 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.com, OneMain presently has an average rating of "Moderate Buy" and a consensus target price of $54.23.

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.