IMA Wealth Inc. Has $3.90 Million Stock Holdings in OneMain Holdings, Inc. (NYSE:OMF)

IMA Wealth Inc. decreased its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 9.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 79,243 shares of the financial services provider’s stock after selling 7,858 shares during the quarter. OneMain makes up approximately 2.0% of IMA Wealth Inc.’s investment portfolio, making the stock its 16th biggest position. IMA Wealth Inc.’s holdings in OneMain were worth $3,899,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of OMF. Blue Trust Inc. lifted its stake in shares of OneMain by 49.9% in the 4th quarter. Blue Trust Inc. now owns 730 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 243 shares during the period. Allworth Financial LP lifted its stake in shares of OneMain by 25.4% in the 4th quarter. Allworth Financial LP now owns 1,339 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 271 shares during the period. Alps Advisors Inc. lifted its stake in shares of OneMain by 2.0% in the 3rd quarter. Alps Advisors Inc. now owns 14,283 shares of the financial services provider’s stock valued at $573,000 after purchasing an additional 275 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of OneMain by 0.5% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 53,742 shares of the financial services provider’s stock valued at $2,155,000 after purchasing an additional 290 shares during the period. Finally, Signaturefd LLC raised its stake in OneMain by 5.3% during the 3rd quarter. Signaturefd LLC now owns 5,772 shares of the financial services provider’s stock worth $231,000 after buying an additional 291 shares during the period. Institutional investors and hedge funds own 85.82% of the company’s stock.

Wall Street Analysts Forecast Growth

OMF has been the topic of several research analyst reports. Piper Sandler downgraded OneMain from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $55.00 to $49.00 in a research note on Thursday, February 8th. Stephens dropped their price objective on OneMain from $61.00 to $57.00 and set an “overweight” rating on the stock in a research note on Thursday, February 8th. Wells Fargo & Company raised their price objective on OneMain from $43.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 4th. StockNews.com raised OneMain from a “hold” rating to a “buy” rating in a research note on Wednesday, February 14th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $57.00 price objective on shares of OneMain in a research note on Wednesday, April 17th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $51.54.

OneMain Price Performance

OMF stock traded up $0.37 during trading hours on Friday, reaching $50.89. 622,531 shares of the stock were exchanged, compared to its average volume of 837,788. The company has a market cap of $6.10 billion, a price-to-earnings ratio of 9.57, a PEG ratio of 0.70 and a beta of 1.65. The firm’s 50-day moving average is $48.60 and its 200-day moving average is $45.26. OneMain Holdings, Inc. has a 12 month low of $33.67 and a 12 month high of $51.65.

OneMain (NYSE:OMF) last announced its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.02. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $913.90 million. OneMain had a return on equity of 21.07% and a net margin of 14.04%. During the same quarter last year, the company earned $1.56 EPS. As a group, equities research analysts forecast that OneMain Holdings, Inc. will post 5.67 earnings per share for the current year.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Tuesday, February 20th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 7.86%. The ex-dividend date of this dividend was Friday, February 16th. OneMain’s payout ratio is 75.19%.

About OneMain

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.