Jennison Associates LLC purchased a new stake in shares of OneMain Holdings Inc (NYSE:OMF) in the first quarter, HoldingsChannel.com reports. The firm purchased 34,711 shares of the financial services provider’s stock, valued at approximately $1,102,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Global Retirement Partners LLC grew its holdings in OneMain by 33.0% during the 1st quarter. Global Retirement Partners LLC now owns 1,430 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 355 shares in the last quarter. Twin Tree Management LP grew its holdings in OneMain by 19.4% during the 1st quarter. Twin Tree Management LP now owns 2,780 shares of the financial services provider’s stock valued at $88,000 after purchasing an additional 451 shares in the last quarter. Stifel Financial Corp grew its holdings in OneMain by 5.9% during the 4th quarter. Stifel Financial Corp now owns 14,010 shares of the financial services provider’s stock valued at $343,000 after purchasing an additional 776 shares in the last quarter. Cadence Capital Management LLC grew its holdings in OneMain by 2.4% during the 1st quarter. Cadence Capital Management LLC now owns 36,716 shares of the financial services provider’s stock valued at $1,166,000 after purchasing an additional 868 shares in the last quarter. Finally, Reliance Trust Co. of Delaware grew its holdings in OneMain by 6.9% during the 1st quarter. Reliance Trust Co. of Delaware now owns 15,267 shares of the financial services provider’s stock valued at $484,000 after purchasing an additional 981 shares in the last quarter. 90.44% of the stock is owned by institutional investors and hedge funds.

OMF has been the subject of a number of recent analyst reports. Wedbush lowered shares of OneMain from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $40.00 to $35.00 in a report on Wednesday, May 15th. Northland Securities reaffirmed a “hold” rating and set a $38.00 price target on shares of OneMain in a report on Tuesday, April 30th. BMO Capital Markets raised their price target on shares of OneMain from $43.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, February 13th. Zacks Investment Research lowered shares of OneMain from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, JMP Securities raised their price target on shares of OneMain from $39.00 to $44.00 and gave the company a “market outperform” rating in a report on Wednesday, February 13th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $39.00.

OMF stock traded down $0.41 during mid-day trading on Wednesday, hitting $31.63. 13,960 shares of the company were exchanged, compared to its average volume of 549,107. The firm has a market cap of $4.37 billion, a P/E ratio of 6.25, a P/E/G ratio of 0.55 and a beta of 2.44. OneMain Holdings Inc has a twelve month low of $22.47 and a twelve month high of $37.29.

OneMain (NYSE:OMF) last announced its quarterly earnings data on Monday, April 29th. The financial services provider reported $1.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.05. The company had revenue of $720.00 million during the quarter, compared to analyst estimates of $735.94 million. OneMain had a net margin of 11.73% and a return on equity of 19.22%. During the same period last year, the business earned $1.18 EPS. Equities research analysts predict that OneMain Holdings Inc will post 5.69 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 29th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend is Tuesday, May 28th. OneMain’s dividend payout ratio is currently 19.76%.

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OneMain Profile

OneMain Holdings, Inc, through its subsidiaries, provides consumer finance and insurance products and services. The company operates in two segments, Consumer and Insurance, and Acquisitions and Servicing. It provides secured and unsecured personal loans; credit insurance products, such as life, disability, and involuntary unemployment insurance products; non-credit insurance; and auto membership plans, as well as retail sales finance services.

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Institutional Ownership by Quarter for OneMain (NYSE:OMF)

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