OneMain Holdings, Inc. (NYSE:OMF) Shares Sold by Kingsview Wealth Management LLC

Posted by Defense World Staff on Jun 12th, 2023

Kingsview Wealth Management LLC lowered its position in OneMain Holdings, Inc. (NYSE:OMF – Get Rating) by 17.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,629 shares of the financial services provider’s stock after selling 1,817 shares during the period. Kingsview Wealth Management LLC’s holdings in OneMain were worth $287,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. CWM LLC increased its position in OneMain by 0.9% during the fourth quarter. CWM LLC now owns 37,291 shares of the financial services provider’s stock worth $1,242,000 after buying an additional 340 shares in the last quarter. Denali Advisors LLC increased its position in OneMain by 103.2% during the fourth quarter. Denali Advisors LLC now owns 754 shares of the financial services provider’s stock worth $25,000 after buying an additional 383 shares in the last quarter. Seelaus Asset Management LLC increased its position in OneMain by 2.5% during the fourth quarter. Seelaus Asset Management LLC now owns 16,151 shares of the financial services provider’s stock worth $538,000 after buying an additional 400 shares in the last quarter. Geneos Wealth Management Inc. increased its position in OneMain by 129.0% during the first quarter. Geneos Wealth Management Inc. now owns 710 shares of the financial services provider’s stock worth $33,000 after buying an additional 400 shares in the last quarter. Finally, HighTower Advisors LLC increased its position in OneMain by 4.2% during the fourth quarter. HighTower Advisors LLC now owns 10,005 shares of the financial services provider’s stock worth $334,000 after buying an additional 405 shares in the last quarter. Institutional investors and hedge funds own 84.29% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on OMF. StockNews.com began coverage on OneMain in a research report on Thursday, May 18th. They set a “buy” rating for the company. Wells Fargo & Company decreased their price objective on OneMain from $46.00 to $41.00 in a report on Monday, April 17th. Northland Securities decreased their price objective on OneMain from $50.00 to $48.00 in a report on Wednesday, April 26th. BMO Capital Markets decreased their price objective on OneMain from $47.00 to $45.00 in a report on Wednesday, April 26th. Finally, Royal Bank of Canada lifted their target price on OneMain from $48.00 to $53.00 and gave the company an “outperform” rating in a report on Monday, February 13th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.15.

OneMain Trading Down 1.6 %

Shares of OMF traded down $0.70 during midday trading on Monday, reaching $42.28. 317,144 shares of the company were exchanged, compared to its average volume of 1,172,438. The stock has a 50-day moving average price of $37.84 and a 200-day moving average price of $38.51. The company has a market cap of $5.10 billion, a price-to-earnings ratio of 6.98 and a beta of 1.69. OneMain Holdings, Inc. has a 1-year low of $28.77 and a 1-year high of $46.99.

OneMain (NYSE:OMF – Get Rating) last issued its quarterly earnings data 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). The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $864.65 million. OneMain had a return on equity of 25.93% and a net margin of 17.03%. During the same quarter in the prior year, the firm earned $2.36 EPS. Equities research analysts anticipate that OneMain Holdings, Inc. will post 6.07 earnings per share for the current year.

OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 12th. Stockholders of record on Friday, May 5th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 9.46%. The ex-dividend date of this dividend was Thursday, May 4th. OneMain’s payout ratio is 64.94%.

OneMain Company Profile

(Get Rating)

OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses. The company originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit cards and insurance products comprising life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.