Zurcher Kantonalbank Zurich Cantonalbank Has $146,000 Stake in OneMain Holdings Inc (OMF)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its stake in shares of OneMain Holdings Inc (NYSE:OMF) by 16.3% in the 1st quarter, Holdings Channel reports. The firm owned 4,608 shares of the financial services provider’s stock after selling 895 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in OneMain were worth $146,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Chicago Equity Partners LLC lifted its holdings in shares of OneMain by 29.3% during the fourth quarter. Chicago Equity Partners LLC now owns 151,225 shares of the financial services provider’s stock valued at $3,673,000 after purchasing an additional 34,275 shares during the last quarter. Prudential Financial Inc. lifted its stake in OneMain by 87.9% in the 4th quarter. Prudential Financial Inc. now owns 1,364,655 shares of the financial services provider’s stock worth $33,147,000 after acquiring an additional 638,277 shares in the last quarter. Nomura Holdings Inc. lifted its stake in OneMain by 36.5% in the 4th quarter. Nomura Holdings Inc. now owns 40,703 shares of the financial services provider’s stock worth $985,000 after acquiring an additional 10,894 shares in the last quarter. Squarepoint Ops LLC lifted its stake in OneMain by 236.9% in the 4th quarter. Squarepoint Ops LLC now owns 92,317 shares of the financial services provider’s stock worth $2,242,000 after acquiring an additional 64,915 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its stake in OneMain by 2,064.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 384,170 shares of the financial services provider’s stock worth $9,332,000 after acquiring an additional 366,417 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

NYSE:OMF traded up $0.18 during mid-day trading on Tuesday, hitting $31.98. 1,068 shares of the company’s stock traded hands, compared to its average volume of 581,282. OneMain Holdings Inc has a 12 month low of $22.47 and a 12 month high of $37.29. The company has a market cap of $4.36 billion, a price-to-earnings ratio of 6.33, a PEG ratio of 0.56 and a beta of 2.50.

OneMain (NYSE:OMF) last announced its earnings results on Monday, April 29th. The financial services provider reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.05. OneMain had a return on equity of 19.22% and a net margin of 11.73%. The firm had revenue of $720.00 million during the quarter, compared to the consensus estimate of $735.94 million. During the same quarter in the prior year, the company earned $1.18 EPS. On average, research analysts predict that OneMain Holdings Inc will post 5.7 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 29th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, May 28th. This represents a $1.00 annualized dividend and a yield of 3.13%. OneMain’s payout ratio is 19.76%.

Several brokerages have weighed in on OMF. TheStreet raised OneMain from a “c+” rating to a “b-” rating in a research report on Tuesday, February 19th. Northland Securities reaffirmed a “hold” rating and issued a $38.00 target price on shares of OneMain in a research report on Tuesday, April 30th. BTIG Research assumed coverage on OneMain in a report on Friday, February 22nd. They set a “buy” rating and a $43.00 price objective on the stock. Zacks Investment Research raised OneMain from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a report on Saturday, February 16th. Finally, BMO Capital Markets increased their price objective on OneMain from $43.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, February 13th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. OneMain has an average rating of “Hold” and a consensus target price of $39.00.

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OneMain Company 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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