26,776 Shares of OneMain Holdings, Inc. $OMF Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in OneMain Holdings, Inc. (NYSE:OMF) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 26,776 shares of the financial services provider’s stock, valued at approximately $1,483,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of OneMain during the second quarter worth approximately $633,893,000. Jupiter Topco LLC bought a new position in shares of OneMain in the second quarter valued at approximately $166,060,000. Bank of New York Mellon Corp acquired a new position in shares of OneMain in the 2nd quarter worth approximately $63,980,000. Azora Capital LP boosted its holdings in shares of OneMain by 266.0% in the 2nd quarter. Azora Capital LP now owns 1,063,857 shares of the financial services provider’s stock worth $64,863,000 after acquiring an additional 773,192 shares in the last quarter. Finally, Patient Capital Management LLC acquired a new position in shares of OneMain in the 2nd quarter worth approximately $42,824,000. 85.82% of the stock is currently owned by institutional investors and hedge funds.

OneMain Stock Down 1.3%

Shares of OMF stock opened at $56.12 on Friday. OneMain Holdings, Inc. has a 12 month low of $45.78 and a 12 month high of $71.93. The company’s fifty day simple moving average is $58.39 and its 200-day simple moving average is $58.25. The firm has a market cap of $6.42 billion, a PE ratio of 8.54, a P/E/G ratio of 0.65 and a beta of 1.30.

OneMain (NYSE:OMF) last issued its quarterly earnings results on Friday, October 30th. The financial services provider reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.05). OneMain had a net margin of 13.43% and a return on equity of 21.90%. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the firm posted $1.90 earnings per share. On average, equities analysts predict that OneMain Holdings, Inc. will post 6.59 earnings per share for the current fiscal year.

OneMain Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Monday, November 9th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 7.5%. The ex-dividend date is Monday, November 9th. OneMain’s dividend payout ratio is presently 63.93%.

Analyst Upgrades and Downgrades

OMF has been the subject of a number of recent analyst reports. Truist Financial dropped their price target on OneMain from $71.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, November 3rd. Citizens Jmp boosted their price objective on OneMain from $68.00 to $70.00 and gave the stock a “market outperform” rating in a research note on Thursday, July 30th. Evercore set a $60.00 price objective on OneMain in a research note on Thursday, October 1st. Wells Fargo & Company decreased their target price on OneMain from $65.00 to $62.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, Royal Bank Of Canada lowered their target price on OneMain from $71.00 to $70.00 and set an “outperform” rating for the company in a research note on Monday, November 2nd. Nine research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.82.

OneMain Company Profile

OneMain Holdings, Inc, operating under the OneMain Financial brand, is a consumer finance company that provides personal lending and related financial services primarily to non-prime consumers in the United States. The company serves customers through a combination of branch locations, online and mobile channels, and centralized customer service operations.

OneMain’s principal products include secured and unsecured personal loans, which customers may use for debt consolidation, home improvements, major purchases, and other personal expenses.