Robeco Institutional Asset Management B.V. Boosts Stake in OneMain Holdings, Inc
August 11, 2023
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ONEMAIN ($NYSE:OMF): OneMain Holdings, Inc. is a financial services company that specializes in providing consumer loan and insurance products throughout the United States. Recently, Robeco Institutional Asset Management B.V., a professional asset management firm, has announced that their holdings of OneMain Holdings, Inc. have substantially increased. This development marks the second consecutive quarter of increased ownership of OneMain Holdings, Inc. by Robeco, indicating their positive outlook for the company’s future prospects. The rise in Robeco’s holdings may also be attributed to OneMain Holdings’ recent positive financial results.
Furthermore, its total loan receivables grew by 3% compared to the previous quarter, reinforcing the perceived strength and stability of OneMain Holdings’ loan business. It also provides additional reassurance for existing and potential investors of OneMain Holdings’ stock.
Price History
Robeco Institutional Asset Management B.V. recently boosted its stake in OneMain Holdings, Inc (NYSE: OMF) by 5%. On Monday, the stock opened at $44.8 and closed at $45.1, up by 1.1% from previous closing price of 44.6. The increased confidence in the company’s stock is likely due to its strong performance in recent quarters.
The company also announced plans to acquire Springleaf Financial Services, which will expand its customer base and provide access to additional capital. Overall, the increased stake from Robeco Institutional Asset Management B.V. demonstrates investors’ confidence in OneMain Holdings’ future, and the stock may continue to rise in the coming days and weeks. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Onemain Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 6.32k | 1.24k | 19.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Onemain Holdings. More…
| Operations | Investing | Financing |
| 2.4k | -2.12k | -326 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Onemain Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 23.51k | 20.45k | 25.36 |
Key Ratios Snapshot
Some of the financial key ratios for Onemain Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 17.1% | – | – |
| FCF Margin | ROE | ROA |
| 37.9% | 33.4% | 4.4% |
Analysis
At GoodWhale, we have done an analysis of ONEMAIN HOLDINGS‘s financials. According to our Star Chart, ONEMAIN HOLDINGS seems to be strong in dividends, medium in growth, and weak in assets and profitability. Its intermediate health score of 5/10 suggests that it is capable of surviving any kind of economic crisis without having to fear the prospect of bankruptcy. We also classified ONEMAIN HOLDINGS as a ‘sloth’, which implies it has achieved revenue or earnings growth slower than the overall economy. For investors who are looking for lower risk investments, they may find this company attractive. Furthermore, investors who prefer slower growth and consistent dividends may also find this company to be a good investment opportunity. More…
Peers
The company offers a wide range of products and services to meet the needs of its customers. OneMain Holdings Inc has a strong competitive position in the market and is well-positioned to compete against its competitors.
– Nicholas Financial Inc ($NASDAQ:NICK)
Nicholas Financial Inc is a specialty finance company that provides consumer and small business loans through a network of branches and independent loan brokers. The company has a market cap of 44.24M as of 2022. Nicholas Financial Inc operates in two segments: Consumer Finance and Small Business Lending. The Consumer Finance segment offers loans to individuals for personal consumption, such as auto loans, home improvement loans, and loans for other major purchases. The Small Business Lending segment offers loans to small businesses for working capital, equipment financing, and other business purposes.
– Geneva Finance Ltd ($NZSE:GFL)
Geneva Finance Ltd is a New Zealand-based company engaged in the provision of personal finance solutions. The Company offers a range of products and services, including home loans, personal loans, vehicle finance, and insurance products. It operates through a network of branches located across New Zealand.
– Zip Co Ltd ($ASX:ZIP)
Zip Co Ltd is an Australian financial technology company that offers buy now, pay later services. The company has a market capitalization of 875.04 million as of 2022 and a return on equity of -21.16%. Zip Co Ltd offers its services through a mobile app and a website. The company was founded in 2013 and is headquartered in Sydney, Australia.
Summary
OneMain Holdings, Inc, a consumer finance company, has recently been subject to an increased investment from Robeco Institutional Asset Management B.V. Analysts of the company suggest that OneMain’s financial performance, a result of its strong consumer lending portfolio, is attractive to potential investors. Furthermore, OneMain’s focus on digital initiatives and cost cutting measures are expected to enable the company to drive operational efficiency and generate strong returns on its investments. The increased investment from Robeco is seen as a vote of confidence in OneMain’s long-term prospects.
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