William Blair Investment Management LLC Increases Stake in OneMain Holdings, Inc. $OMF

William Blair Investment Management LLC boosted its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 3.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 499,589 shares of the financial services provider’s stock after purchasing an additional 16,940 shares during the quarter. William Blair Investment Management LLC owned about 0.42% of OneMain worth $28,477,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of OMF. Alpine Bank Wealth Management bought a new position in OneMain during the 1st quarter valued at about $27,000. SVB Wealth LLC bought a new position in OneMain during the 1st quarter valued at about $34,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in OneMain during the 1st quarter valued at about $42,000. Headlands Technologies LLC bought a new position in OneMain during the 1st quarter valued at about $46,000. Finally, Legend Financial Advisors Inc. bought a new position in OneMain during the 2nd quarter valued at about $57,000. 85.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OMF has been the topic of several research analyst reports. Wall Street Zen cut shares of OneMain from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Wells Fargo & Company assumed coverage on shares of OneMain in a research note on Monday, August 25th. They issued an “equal weight” rating on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $57.00 price objective (down previously from $63.00) on shares of OneMain in a research note on Tuesday, October 7th. JMP Securities lowered their price objective on shares of OneMain from $65.00 to $63.00 and set a “market outperform” rating on the stock in a research note on Monday, October 13th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of OneMain in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $60.50.

OneMain Trading Up 1.7%

NYSE OMF opened at $54.19 on Monday. OneMain Holdings, Inc. has a 12 month low of $38.00 and a 12 month high of $63.24. The stock has a market cap of $6.44 billion, a price-to-earnings ratio of 9.78, a PEG ratio of 0.43 and a beta of 1.32. The company’s 50 day moving average is $58.57 and its two-hundred day moving average is $54.49.

OneMain (NYSE:OMF) last released its earnings results on Friday, July 25th. The financial services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.20. OneMain had a net margin of 12.63% and a return on equity of 20.65%. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the business earned $1.02 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. Sell-side analysts forecast that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 13th. Shareholders of record on Monday, August 4th were paid a dividend of $1.04 per share. The ex-dividend date was Monday, August 4th. This represents a $4.16 dividend on an annualized basis and a yield of 7.7%. OneMain’s dividend payout ratio (DPR) is presently 75.09%.

Insider Transactions at OneMain

In other news, CEO Douglas H. Shulman sold 35,000 shares of OneMain stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $59.47, for a total transaction of $2,081,450.00. Following the sale, the chief executive officer owned 275,100 shares in the company, valued at $16,360,197. This trade represents a 11.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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.