Several other hedge funds and other institutional investors have also modified their holdings of the company. CIBC Private Wealth Group LLC grew its stake in shares of OneMain by 117.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 374 shares of the financial services provider’s stock valued at $25,000 after buying an additional 202 shares in the last quarter. Core Wealth Advisors LLC acquired a new position in OneMain during the 4th quarter worth about $31,000. Atlantic Union Bankshares Corp acquired a new position in OneMain during the 4th quarter worth about $36,000. Transamerica Financial Advisors LLC boosted its holdings in OneMain by 88.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 670 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 314 shares during the period. Finally, Sunbelt Securities Inc. purchased a new position in OneMain during the 3rd quarter valued at about $46,000. 85.82% of the stock is currently owned by hedge funds and other institutional investors.
OneMain Price Performance OMF opened at $63.25 on Thursday. OneMain Holdings, Inc. has a 12 month low of $45.78 and a 12 month high of $71.93. The stock has a market capitalization of $7.28 billion, a price-to-earnings ratio of 9.53, a PEG ratio of 0.48 and a beta of 1.21. The business has a fifty day moving average price of $61.57 and a 200 day moving average price of $57.56.
OneMain (NYSE:OMF – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.05. The company had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.28 billion. OneMain had a return on equity of 23.49% and a net margin of 13.92%.OneMain’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.45 EPS. On average, research analysts anticipate that OneMain Holdings, Inc. will post 7.11 earnings per share for the current year. OneMain Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 10th were paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date was Monday, August 10th. OneMain’s dividend payout ratio is presently 63.25%.
Wall Street Analysts Forecast Growth Several equities analysts have weighed in on OMF shares. TD Cowen lifted their target price on OneMain from $66.00 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Citigroup reissued a “market outperform” rating on shares of OneMain in a research report on Thursday, July 30th. Citizens Jmp raised their price objective on shares of OneMain from $68.00 to $70.00 and gave the company a “market outperform” rating in a research note on Thursday, July 30th. Evercore set a $66.00 price objective on shares of OneMain in a report on Monday, July 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of OneMain in a research note on Friday, July 10th. Eight equities 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $68.40.
Get Our Latest Report on OneMain
Insider Buying and Selling In related news, SVP Michael A. Hedlund sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $64.00, for a total value of $160,000.00. Following the sale, the senior vice president owned 10,627 shares of the company’s stock, valued at $680,128. This trade represents a 19.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Micah R. Conrad sold 5,000 shares of OneMain stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $65.40, for a total transaction of $327,000.00. Following the completion of the transaction, the chief operating officer owned 91,250 shares of the company’s stock, valued at $5,967,750. This represents a 5.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 14,348 shares of company stock worth $911,576 over the last 90 days. Insiders own 0.29% of the company’s stock.
OneMain Profile (Free Report)
OneMain Financial (NYSE: OMF) is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.
Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.
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