OneMain Holdings, Inc. (NYSE:OMF) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp reduced its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 64.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,328 shares of the financial services provider’s stock after selling 20,676 shares during the period. Mackenzie Financial Corp’s holdings in OneMain were worth $557,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Adage Capital Partners GP L.L.C. acquired a new stake in shares of OneMain during the 3rd quarter valued at approximately $12,613,000. AQR Capital Management LLC lifted its position in shares of OneMain by 189.2% in the 3rd quarter. AQR Capital Management LLC now owns 429,260 shares of the financial services provider’s stock worth $17,209,000 after buying an additional 280,844 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of OneMain in the 3rd quarter valued at about $7,115,000. Invesco Ltd. grew its position in shares of OneMain by 36.5% during the 3rd quarter. Invesco Ltd. now owns 565,150 shares of the financial services provider’s stock valued at $22,657,000 after buying an additional 151,226 shares during the last quarter. Finally, Miller Howard Investments Inc. NY raised its stake in OneMain by 659.7% during the fourth quarter. Miller Howard Investments Inc. NY now owns 105,289 shares of the financial services provider’s stock worth $5,180,000 after acquiring an additional 91,429 shares during the period. Institutional investors own 85.82% of the company’s stock.

OneMain Trading Up 0.8 %

Shares of NYSE:OMF opened at $50.90 on Friday. OneMain Holdings, Inc. has a twelve month low of $33.67 and a twelve month high of $51.65. The firm has a market cap of $6.10 billion, a P/E ratio of 9.57, a P/E/G ratio of 0.71 and a beta of 1.65. The company has a 50 day moving average of $48.51 and a 200-day moving average of $45.17.

OneMain (NYSE:OMF) last released its earnings results on Wednesday, February 7th. The financial services provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.02. OneMain had a return on equity of 21.07% and a net margin of 14.04%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $913.90 million. During the same period in the prior year, the firm posted $1.56 earnings per share. Equities research analysts forecast that OneMain Holdings, Inc. will post 5.67 EPS for the current year.

OneMain Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Tuesday, February 20th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 7.86%. The ex-dividend date was Friday, February 16th. OneMain’s payout ratio is currently 75.19%.

Analyst Ratings Changes

A number of equities analysts have commented on OMF shares. JMP Securities restated a “market outperform” rating and issued a $57.00 target price on shares of OneMain in a research note on Wednesday, April 17th. Northland Securities downgraded OneMain from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $46.00 to $49.00 in a research note on Wednesday, January 17th. Deutsche Bank Aktiengesellschaft initiated coverage on OneMain in a research note on Wednesday, January 10th. They issued a “buy” rating and a $68.00 target price on the stock. Wells Fargo & Company upped their price target on shares of OneMain from $43.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 4th. Finally, Piper Sandler downgraded shares of OneMain from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $55.00 to $49.00 in a research report on Thursday, February 8th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, OneMain has a consensus rating of “Moderate Buy” and a consensus target price of $51.54.

OneMain Profile

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