14,809 Shares in OneMain Holdings, Inc. $OMF Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new position in OneMain Holdings, Inc. (NYSE:OMF) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 14,809 shares of the financial services provider’s stock, valued at approximately $903,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of OneMain during the 2nd quarter worth about $633,893,000. Norges Bank purchased a new stake in OneMain in the fourth quarter valued at approximately $100,312,000. Bank of New York Mellon Corp purchased a new stake in OneMain in the second quarter valued at approximately $63,980,000. Janus Henderson Group PLC increased its position in OneMain by 70.4% during the fourth quarter. Janus Henderson Group PLC now owns 2,534,271 shares of the financial services provider’s stock worth $171,210,000 after purchasing an additional 1,047,263 shares during the last quarter. Finally, Azora Capital LP increased its position in OneMain by 210.7% during the fourth quarter. Azora Capital LP now owns 1,362,934 shares of the financial services provider’s stock worth $92,066,000 after purchasing an additional 924,302 shares during the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

Insider Activity

In other OneMain news, COO Micah R. Conrad sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $65.40, for a total value of $327,000.00. Following the completion of the transaction, the chief operating officer owned 91,250 shares in the company, valued at $5,967,750. This represents a 5.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michael A. Hedlund sold 2,500 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $64.00, for a total transaction of $160,000.00. Following the completion of the sale, the senior vice president directly owned 10,627 shares of the company’s stock, valued at $680,128. This trade represents a 19.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 14,348 shares of company stock worth $911,576. Company insiders own 0.29% of the company’s stock.

OneMain Trading Down 1.5%

Shares of OneMain stock opened at $62.95 on Friday. The company has a fifty day moving average price of $61.78 and a 200 day moving average price of $57.61. OneMain Holdings, Inc. has a twelve month low of $45.78 and a twelve month high of $71.93. The stock has a market cap of $7.24 billion, a price-to-earnings ratio of 9.48, a price-to-earnings-growth ratio of 0.49 and a beta of 1.21.

OneMain (NYSE:OMF) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.05. The firm had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.28 billion. OneMain had a return on equity of 23.49% and a net margin of 13.92%.The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.45 EPS. Analysts forecast that OneMain Holdings, Inc. will post 7.11 earnings per share for the current year.

OneMain Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 10th were paid a $1.05 dividend. The ex-dividend date was Monday, August 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 6.7%. OneMain’s dividend payout ratio (DPR) is 63.25%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on OMF shares. Evercore set a $66.00 price target on shares of OneMain in a report on Monday, July 6th. Weiss Ratings restated a “buy (b-)” rating on shares of OneMain in a report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of OneMain in a research report on Friday, July 10th. Truist Financial lifted their target price on OneMain from $70.00 to $71.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, TD Cowen boosted their price target on OneMain from $66.00 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, OneMain presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.40.

OneMain Company Profile

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.