Teacher Retirement System of Texas Raises Stock Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Posted by Defense World Staff on Oct 8th, 2023

Teacher Retirement System of Texas grew its position in OneMain Holdings, Inc. (NYSE:OMF – Free Report) by 1.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,823 shares of the financial services provider’s stock after acquiring an additional 282 shares during the quarter. Teacher Retirement System of Texas’ holdings in OneMain were worth $1,259,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in OMF. Capital International Investors lifted its position in shares of OneMain by 77.1% in the first quarter. Capital International Investors now owns 9,842,786 shares of the financial services provider’s stock valued at $466,646,000 after acquiring an additional 4,284,232 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of OneMain by 38.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,317,008 shares of the financial services provider’s stock valued at $143,799,000 after acquiring an additional 1,204,312 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of OneMain by 153.0% in the first quarter. Rockefeller Capital Management L.P. now owns 1,951,127 shares of the financial services provider’s stock valued at $72,346,000 after acquiring an additional 1,179,938 shares in the last quarter. Norges Bank purchased a new position in shares of OneMain in the fourth quarter valued at approximately $38,089,000. Finally, FMR LLC lifted its position in shares of OneMain by 7.0% in the first quarter. FMR LLC now owns 10,860,979 shares of the financial services provider’s stock valued at $402,725,000 after acquiring an additional 711,440 shares in the last quarter. Hedge funds and other institutional investors own 79.70% of the company’s stock.

Analysts Set New Price Targets

OMF has been the topic of a number of analyst reports. Piper Sandler lifted their price objective on OneMain from $53.00 to $57.00 in a research report on Thursday, July 27th. Citigroup reduced their price objective on OneMain from $50.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday. Royal Bank of Canada lifted their price objective on OneMain from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 1st. Bank of America initiated coverage on OneMain in a research report on Thursday, June 15th. They set a “buy” rating and a $49.00 price objective on the stock. Finally, StockNews.com initiated coverage on OneMain in a research report on Thursday. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $50.00.

View Our Latest Stock Report on OMF

OneMain Trading Up 0.6 %

Shares of NYSE OMF opened at $37.66 on Friday. OneMain Holdings, Inc. has a twelve month low of $29.25 and a twelve month high of $48.64. The stock has a fifty day simple moving average of $40.98 and a 200-day simple moving average of $40.47. The stock has a market capitalization of $4.54 billion, a PE ratio of 7.07, a PEG ratio of 1.18 and a beta of 1.69.

OneMain (NYSE:OMF – Get Free Report) last issued its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.23). The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $883.84 million. OneMain had a net margin of 14.60% and a return on equity of 22.23%. During the same period in the previous year, the firm posted $1.87 earnings per share. On average, equities analysts predict that OneMain Holdings, Inc. will post 5.58 earnings per share for the current year.

OneMain Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 11th. Investors of record on Monday, August 7th were issued a $1.00 dividend. The ex-dividend date was Friday, August 4th. This represents a $4.00 dividend on an annualized basis and a yield of 10.62%. OneMain’s dividend payout ratio (DPR) is presently 75.05%.

OneMain Profile

(Free Report)

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.