Skandinaviska Enskilda Banken AB publ Trims Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Posted by Defense World Staff on May 14th, 2023

Skandinaviska Enskilda Banken AB publ lowered its holdings in OneMain Holdings, Inc. (NYSE:OMF – Get Rating) by 65.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 13,600 shares of the financial services provider’s stock after selling 25,900 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in OneMain were worth $453,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Geneos Wealth Management Inc. lifted its stake in OneMain by 129.0% in the first quarter. Geneos Wealth Management Inc. now owns 710 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 400 shares during the period. Atlas Capital Advisors LLC bought a new position in OneMain in the 2nd quarter worth $29,000. Wipfli Financial Advisors LLC bought a new stake in shares of OneMain during the 3rd quarter valued at about $26,000. MetLife Investment Management LLC purchased a new position in shares of OneMain during the first quarter valued at about $104,000. Finally, Captrust Financial Advisors raised its stake in OneMain by 39.5% in the second quarter. Captrust Financial Advisors now owns 2,215 shares of the financial services provider’s stock worth $83,000 after buying an additional 627 shares in the last quarter. 84.29% of the stock is currently owned by institutional investors.

OneMain Stock Up 0.2 %

Shares of OMF opened at $35.54 on Friday. OneMain Holdings, Inc. has a twelve month low of $28.77 and a twelve month high of $46.99. The company has a market capitalization of $4.29 billion, a P/E ratio of 5.77 and a beta of 1.69. The firm has a 50 day moving average of $36.97 and a 200 day moving average of $38.35.

OneMain (NYSE:OMF – Get Rating) last posted its earnings results on Tuesday, April 25th. The financial services provider reported $1.46 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.13). OneMain had a return on equity of 25.93% and a net margin of 17.03%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $864.65 million. During the same period in the previous year, the business posted $2.36 EPS. On average, sell-side analysts expect that OneMain Holdings, Inc. will post 6.06 EPS for the current year.

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 12th. Stockholders of record on Friday, May 5th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 11.25%. The ex-dividend date was Thursday, May 4th. OneMain’s payout ratio is presently 64.94%.

Analyst Ratings Changes

A number of research firms have weighed in on OMF. Piper Sandler upped their target price on OneMain from $47.00 to $51.00 and gave the stock an “overweight” rating in a report on Wednesday, February 8th. StockNews.com upgraded OneMain from a “hold” rating to a “buy” rating in a report on Friday, April 28th. Royal Bank of Canada boosted their target price on shares of OneMain from $48.00 to $53.00 and gave the company an “outperform” rating in a report on Monday, February 13th. Wells Fargo & Company decreased their price target on shares of OneMain from $46.00 to $41.00 in a research note on Monday, April 17th. Finally, Barclays boosted their price objective on shares of OneMain from $39.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 8th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $50.15.

About OneMain

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OneMain Holdings, Inc is a consumer finance company, which provides origination, underwriting, and servicing of personal loans, primarily to non-prime customers. It operates through the Consumer and Insurance segment. The Consumer and Insurance segment offers services to secured and unsecured personal loans, voluntary credit, and non-credit insurance, and related products through its combined branch network, digital platform, and centralized operations.

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Institutional Ownership by Quarter for OneMain (NYSE:OMF)

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