Monarch Partners Asset Management LLC Has $5.05 Million Stake in OneMain Holdings Inc (OMF)

Monarch Partners Asset Management LLC trimmed its stake in OneMain Holdings Inc (NYSE:OMF) by 67.4% in the first quarter, Holdings Channel reports. The fund owned 159,139 shares of the financial services provider’s stock after selling 329,236 shares during the quarter. Monarch Partners Asset Management LLC’s holdings in OneMain were worth $5,053,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Hawaiian Bank purchased a new stake in shares of OneMain in the fourth quarter valued at $25,000. Global Retirement Partners LLC grew its position in shares of OneMain by 96.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,075 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 528 shares during the period. Advisors Asset Management Inc. purchased a new stake in shares of OneMain in the fourth quarter valued at $37,000. Meeder Asset Management Inc. grew its position in shares of OneMain by 36.7% in the fourth quarter. Meeder Asset Management Inc. now owns 2,142 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 575 shares during the period. Finally, CWM LLC purchased a new stake in shares of OneMain in the first quarter valued at $79,000. 83.76% of the stock is owned by institutional investors.

OMF has been the subject of a number of recent analyst reports. Northland Securities reaffirmed a “hold” rating and issued a $38.00 price objective on shares of OneMain in a research report on Tuesday, April 30th. BMO Capital Markets lifted their price objective on OneMain from $43.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, February 13th. Wedbush downgraded 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 research report on Wednesday, May 15th. Zacks Investment Research downgraded OneMain from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, BTIG Research initiated coverage on OneMain in a research report on Friday, February 22nd. They set a “buy” rating and a $43.00 price target for the company. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $39.00.

OMF stock traded up $0.49 during trading on Friday, reaching $31.50. 531,306 shares of the stock traded hands, compared to its average volume of 571,972. OneMain Holdings Inc has a 52-week low of $22.47 and a 52-week high of $37.29. The company has a market cap of $4.29 billion, a PE ratio of 6.23, a price-to-earnings-growth ratio of 0.56 and a beta of 2.50.

OneMain (NYSE:OMF) last posted its quarterly earnings results on Monday, April 29th. The financial services provider reported $1.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.05. The firm had revenue of $720.00 million during the quarter, compared to the consensus estimate of $735.94 million. OneMain had a return on equity of 19.22% and a net margin of 11.73%. During the same quarter in the previous year, the business earned $1.18 earnings per share. Equities analysts predict that OneMain Holdings Inc will post 5.7 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 paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend is Tuesday, May 28th. OneMain’s dividend payout ratio is presently 19.76%.

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About OneMain

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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