LPL Financial LLC Has $8.13 Million Position in OneMain Holdings, Inc. (NYSE:OMF)

LPL Financial LLC raised its position in OneMain Holdings, Inc. (NYSE:OMF) by 2.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166,275 shares of the financial services provider’s stock after buying an additional 4,439 shares during the quarter. LPL Financial LLC owned 0.14% of OneMain worth $8,128,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OMF. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of OneMain by 7.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,384 shares of the financial services provider’s stock valued at $1,583,000 after acquiring an additional 2,141 shares during the period. Assetmark Inc. raised its stake in OneMain by 11.5% in the 1st quarter. Assetmark Inc. now owns 9,686 shares of the financial services provider’s stock worth $473,000 after purchasing an additional 998 shares in the last quarter. Cetera Investment Advisers boosted its holdings in OneMain by 46.6% in the 1st quarter. Cetera Investment Advisers now owns 45,293 shares of the financial services provider’s stock valued at $2,214,000 after purchasing an additional 14,404 shares during the period. Avantax Advisory Services Inc. grew its position in shares of OneMain by 7.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 6,068 shares of the financial services provider’s stock worth $297,000 after purchasing an additional 427 shares in the last quarter. Finally, Burney Co. increased its holdings in shares of OneMain by 2.3% during the first quarter. Burney Co. now owns 30,126 shares of the financial services provider’s stock worth $1,473,000 after purchasing an additional 670 shares during the period. 85.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

OMF has been the topic of a number of analyst reports. Barclays increased their price target on OneMain from $48.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 8th. JMP Securities reaffirmed a “market outperform” rating and issued a $65.00 price target on shares of OneMain in a research note on Wednesday, April 30th. JPMorgan Chase & Co. increased their price objective on shares of OneMain from $50.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. Finally, Wells Fargo & Company raised their target price on shares of OneMain from $53.00 to $60.00 and gave the company an “equal weight” rating in a report on Tuesday, July 15th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, OneMain has an average rating of “Moderate Buy” and an average price target of $61.50.

OneMain Trading Up 0.4%

OMF opened at $55.84 on Friday. The company has a market cap of $6.64 billion, a P/E ratio of 10.08, a PEG ratio of 0.43 and a beta of 1.29. The company’s 50 day moving average is $56.19 and its 200-day moving average is $52.43. OneMain Holdings, Inc. has a 1-year low of $38.00 and a 1-year high of $60.33.

OneMain (NYSE:OMF) last posted its earnings results on Friday, July 25th. The financial services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.25 by $0.20. OneMain had a return on equity of 20.65% and a net margin of 12.63%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the company earned $1.02 earnings per share. The business’s quarterly revenue was up 7.1% on a year-over-year basis. On average, equities analysts forecast that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 13th. Investors of record on Monday, August 4th will be issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 7.4%. The ex-dividend date is Monday, August 4th. OneMain’s dividend payout ratio is presently 75.09%.

Insiders Place Their Bets

In other news, CEO Douglas H. Shulman sold 35,000 shares of the stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $59.47, for a total value of $2,081,450.00. Following the completion of the sale, the chief executive officer owned 275,100 shares of the company’s stock, valued at approximately $16,360,197. This represents a 11.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Micah R. Conrad sold 3,000 shares of the firm’s stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $60.00, for a total value of $180,000.00. Following the transaction, the chief operating officer owned 98,007 shares of the company’s stock, valued at $5,880,420. This trade represents a 2.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 70,000 shares of company stock valued at $3,976,390 over the last 90 days. 0.40% of the stock is currently owned by company insiders.

OneMain Profile

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.