Capital Advisors Ltd. LLC Increases Position in OneMain Holdings, Inc. (NYSE:OMF)

Capital Advisors Ltd. LLC raised its position in OneMain Holdings, Inc. (NYSE:OMFGet Rating) by 53.5% during the first quarter, Holdings Channel reports. The firm owned 2,265 shares of the financial services provider’s stock after buying an additional 789 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in OneMain were worth $107,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of OMF. Allspring Global Investments Holdings LLC purchased a new stake in shares of OneMain during the fourth quarter worth $4,209,000. Commonwealth Equity Services LLC increased its position in shares of OneMain by 40.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 5,611 shares of the financial services provider’s stock worth $280,000 after acquiring an additional 1,626 shares during the period. State of New Jersey Common Pension Fund D increased its position in shares of OneMain by 19.0% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 56,901 shares of the financial services provider’s stock worth $2,847,000 after acquiring an additional 9,092 shares during the period. CWM LLC purchased a new stake in shares of OneMain during the fourth quarter worth $1,848,000. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of OneMain by 587.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 33,185 shares of the financial services provider’s stock worth $1,660,000 after acquiring an additional 28,357 shares during the period. Hedge funds and other institutional investors own 84.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft cut their price objective on OneMain from $75.00 to $53.00 in a research report on Friday, July 29th. Royal Bank of Canada lowered their target price on shares of OneMain from $62.00 to $51.00 and set an “outperform” rating for the company in a research note on Tuesday. BMO Capital Markets lowered their target price on shares of OneMain from $58.00 to $50.00 in a research note on Monday, August 1st. JMP Securities lowered their target price on shares of OneMain from $68.00 to $58.00 and set a “market outperform” rating for the company in a research note on Friday, July 15th. Finally, Compass Point lowered their target price on shares of OneMain to $63.00 in a research note on Monday, July 4th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $57.91.

Insider Transactions at OneMain

In other OneMain news, CEO Douglas H. Shulman bought 2,500 shares of the firm’s stock in a transaction dated Tuesday, May 10th. The stock was acquired at an average price of $40.64 per share, for a total transaction of $101,600.00. Following the completion of the purchase, the chief executive officer now owns 348,612 shares of the company’s stock, valued at $14,167,591.68. The acquisition was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Douglas H. Shulman purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, May 20th. The stock was purchased at an average cost of $40.23 per share, with a total value of $40,230.00. Following the completion of the acquisition, the chief executive officer now directly owns 349,612 shares of the company’s stock, valued at approximately $14,064,890.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas H. Shulman purchased 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 10th. The shares were purchased at an average cost of $40.64 per share, with a total value of $101,600.00. Following the completion of the acquisition, the chief executive officer now directly owns 348,612 shares of the company’s stock, valued at $14,167,591.68. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 4,650 shares of company stock worth $184,472. Company insiders own 0.13% of the company’s stock.

OneMain Price Performance

NYSE OMF opened at $36.51 on Friday. OneMain Holdings, Inc. has a 1 year low of $34.22 and a 1 year high of $60.51. The company has a market capitalization of $4.52 billion, a PE ratio of 4.44 and a beta of 1.61. The company has a fifty day moving average of $39.36 and a two-hundred day moving average of $44.61.

OneMain (NYSE:OMFGet Rating) last announced its earnings results on Wednesday, July 27th. The financial services provider reported $1.87 earnings per share for the quarter, missing the consensus estimate of $1.94 by ($0.07). OneMain had a return on equity of 37.61% and a net margin of 22.43%. During the same quarter last year, the company posted $2.66 EPS. On average, research analysts expect that OneMain Holdings, Inc. will post 7.69 earnings per share for the current year.

OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Stockholders of record on Monday, August 8th will be paid a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, August 5th. This represents a $3.80 annualized dividend and a dividend yield of 10.41%. OneMain’s dividend payout ratio (DPR) is 46.17%.

About OneMain

(Get Rating)

OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses. The company originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit insurance products comprising life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.

See Also

Want to see what other hedge funds are holding OMF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for OneMain Holdings, Inc. (NYSE:OMFGet Rating).

Institutional Ownership by Quarter for OneMain (NYSE:OMF)

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