OneMain Holdings, Inc. $OMF Stock Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 65.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 44,000 shares of the financial services provider’s stock after purchasing an additional 17,400 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in OneMain were worth $2,437,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GK Wealth Management LLC acquired a new stake in OneMain in the 3rd quarter worth about $45,000. Freestone Grove Partners LP purchased a new stake in OneMain during the 2nd quarter worth approximately $61,000. Parkside Financial Bank & Trust raised its holdings in shares of OneMain by 32.2% during the second quarter. Parkside Financial Bank & Trust now owns 1,011 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 246 shares during the last quarter. Hillsdale Investment Management Inc. raised its holdings in shares of OneMain by 37.2% during the first quarter. Hillsdale Investment Management Inc. now owns 1,180 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 320 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of OneMain during the second quarter valued at approximately $73,000. 85.82% of the stock is owned by hedge funds and other institutional investors.

OneMain Trading Down 1.3%

OMF opened at $56.58 on Wednesday. The firm has a market capitalization of $6.48 billion, a PE ratio of 9.01, a PEG ratio of 0.66 and a beta of 1.30. OneMain Holdings, Inc. has a twelve month low of $45.78 and a twelve month high of $71.93. The firm’s 50-day moving average price is $58.78 and its 200 day moving average price is $58.36.

OneMain (NYSE:OMF) last announced its quarterly earnings data 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). The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.34 billion. OneMain had a net margin of 13.43% and a return on equity of 21.97%. During the same period in the prior year, the company posted $1.90 EPS. As a group, analysts predict that OneMain Holdings, Inc. will post 6.60 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders 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 dividend yield of 7.4%. The ex-dividend date is Monday, November 9th. OneMain’s payout ratio is currently 63.93%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on OMF shares. JPMorgan Chase & Co. raised their target price on OneMain from $52.00 to $56.00 and gave the company an “underweight” rating in a research report on Monday. Citizens Jmp boosted their price target on OneMain from $68.00 to $70.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 30th. Truist Financial reduced their price objective on OneMain from $71.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday. Barclays reduced their price objective on OneMain from $60.00 to $59.00 and set an “equal weight” rating for the company in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of OneMain in a report on Friday, July 10th. Nine research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $67.09.

OneMain News Summary

Here are the key news stories impacting OneMain this week:

• Positive Sentiment: OneMain declared a quarterly dividend of $1.05 per share, equivalent to $4.20 annually and a 7.4% yield based on the supplied figures. The payout may support investor interest, though it does not resolve concerns about credit quality.
• Neutral Sentiment: Truist lowered its price target from $71 to $70 but maintained a buy rating; RBC also cut its target from $71 to $70 while retaining an outperform rating. Truist rating information RBC rating information
• Neutral Sentiment: JPMorgan raised its target from $52 to $56 but kept an underweight rating, while Barclays lowered its target from $60 to $59 and maintained equal weight—signaling a divided outlook. JPMorgan rating information Barclays rating information
• Negative Sentiment: Northland trimmed its FY2027 EPS estimate to $8.25 from $8.32. Separately, the latest quarterly EPS of $1.51 missed the $1.56 consensus, and coverage linked the post-earnings retreat to credit concerns, which may pressure sentiment toward the consumer lender. Report on OneMain forecast revision Article on OneMain credit concerns

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.