California Public Employees Retirement System Buys 8,505 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Posted by Defense World Staff on May 17th, 2023

California Public Employees Retirement System boosted its position in shares of OneMain Holdings, Inc. (NYSE:OMF – Get Rating) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 263,106 shares of the financial services provider’s stock after acquiring an additional 8,505 shares during the period. California Public Employees Retirement System owned 0.22% of OneMain worth $8,764,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in OneMain by 784.4% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 3,112,696 shares of the financial services provider’s stock worth $91,887,000 after purchasing an additional 2,760,751 shares during the last quarter. Empowered Funds LLC acquired a new stake in OneMain in the 3rd quarter worth $283,000. Donoghue Forlines LLC grew its position in OneMain by 12.3% in the 3rd quarter. Donoghue Forlines LLC now owns 13,361 shares of the financial services provider’s stock worth $394,000 after purchasing an additional 1,459 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in OneMain by 2.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 63,558 shares of the financial services provider’s stock worth $2,117,000 after purchasing an additional 1,687 shares during the last quarter. Finally, CX Institutional grew its position in OneMain by 106.1% in the 3rd quarter. CX Institutional now owns 33,304 shares of the financial services provider’s stock worth $983,000 after purchasing an additional 17,146 shares during the last quarter. Institutional investors and hedge funds own 84.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Northland Securities dropped their price objective on shares of OneMain from $50.00 to $48.00 in a research note on Wednesday, April 26th. Royal Bank of Canada raised their price target on shares of OneMain from $48.00 to $53.00 and gave the stock an “outperform” rating in a research note on Monday, February 13th. Barclays upped their price objective on OneMain from $39.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 8th. Piper Sandler raised their target price on OneMain from $47.00 to $51.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 8th. Finally, JMP Securities boosted their price target on OneMain from $49.00 to $55.00 and gave the company an “outperform” rating in a research note on Wednesday, February 8th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $50.15.

OneMain Trading Down 2.1 %

Shares of OneMain stock opened at $35.51 on Wednesday. The business has a 50-day moving average price of $36.70 and a two-hundred day moving average price of $38.38. OneMain Holdings, Inc. has a 1-year low of $28.77 and a 1-year high of $46.99. The company has a market cap of $4.28 billion, a P/E ratio of 5.76 and a beta of 1.69.

OneMain (NYSE:OMF – Get Rating) last announced its quarterly earnings results on Tuesday, April 25th. The financial services provider reported $1.46 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.13). OneMain had a net margin of 17.03% and a return on equity of 25.93%. 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. Equities research analysts forecast that OneMain Holdings, Inc. will post 6.06 EPS for the current fiscal year.

OneMain Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 12th. Stockholders of record on Friday, May 5th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 11.26%. The ex-dividend date was Thursday, May 4th. OneMain’s dividend payout ratio (DPR) is currently 64.94%.

OneMain Company Profile

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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.