OneMain Holdings, Inc. $OMF Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund boosted its stake in OneMain Holdings, Inc. (NYSE:OMF) by 1.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 72,237 shares of the financial services provider’s stock after purchasing an additional 1,138 shares during the period. Illinois Municipal Retirement Fund owned about 0.06% of OneMain worth $4,118,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of OneMain by 79.4% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 820 shares of the financial services provider’s stock valued at $47,000 after buying an additional 363 shares during the period. AE Wealth Management LLC purchased a new stake in OneMain during the second quarter worth about $244,000. Wedbush Securities Inc. acquired a new stake in shares of OneMain during the second quarter worth about $219,000. Savant Capital LLC purchased a new position in shares of OneMain in the second quarter valued at approximately $670,000. Finally, Golden State Wealth Management LLC grew its holdings in shares of OneMain by 2,940.0% in the second quarter. Golden State Wealth Management LLC now owns 912 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 882 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $59.54, for a total transaction of $2,083,900.00. Following the completion of the sale, the chief executive officer directly owned 231,600 shares of the company’s stock, valued at $13,789,464. This represents a 13.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.40% of the stock is owned by company insiders.

OneMain Stock Up 0.9%

NYSE:OMF opened at $60.37 on Thursday. The company has a market capitalization of $7.11 billion, a PE ratio of 10.90, a P/E/G ratio of 0.45 and a beta of 1.37. OneMain Holdings, Inc. has a 52-week low of $38.00 and a 52-week high of $63.24. The stock’s 50 day moving average price is $58.18 and its 200 day moving average price is $56.27.

OneMain (NYSE:OMF) last posted its quarterly earnings data on Friday, October 31st. The financial services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.32. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.24 billion. OneMain had a return on equity of 20.65% and a net margin of 12.63%.During the same period in the prior year, the company earned $1.31 earnings per share. As a group, sell-side analysts anticipate that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Monday, November 10th will be issued a dividend of $1.05 per share. This is an increase from OneMain’s previous quarterly dividend of $1.04. This represents a $4.20 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date of this dividend is Monday, November 10th. OneMain’s dividend payout ratio is 71.19%.

Analyst Upgrades and Downgrades

Several brokerages have commented on OMF. Citigroup reissued an “outperform” rating on shares of OneMain in a research report on Monday, November 3rd. JMP Securities set a $70.00 price target on OneMain in a research report on Monday, November 3rd. Wall Street Zen upgraded shares of OneMain from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Royal Bank Of Canada boosted their price target on shares of OneMain from $68.00 to $70.00 and gave the stock an “outperform” rating in a report on Monday, November 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of OneMain from $57.00 to $59.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $63.13.

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.