GSA Capital Partners LLP Invests $794,000 in OneMain Holdings, Inc. $OMF

GSA Capital Partners LLP bought a new stake in OneMain Holdings, Inc. (NYSE:OMF) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 13,021 shares of the financial services provider’s stock, valued at approximately $794,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. CIBC Private Wealth Group LLC lifted its holdings in OneMain by 117.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 374 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 202 shares during the period. Core Wealth Advisors LLC bought a new position in OneMain in the 4th quarter valued at $31,000. Atlantic Union Bankshares Corp bought a new position in OneMain in the 4th quarter valued at $36,000. Transamerica Financial Advisors LLC increased its position in shares of 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 purchasing an additional 314 shares during the last quarter. Finally, Sunbelt Securities Inc. purchased a new stake in shares of OneMain during the 3rd quarter valued at $46,000. 85.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on OMF. TD Cowen boosted their price target on shares of OneMain from $66.00 to $68.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Evercore set a $66.00 price objective on shares of OneMain in a report on Monday, July 6th. Truist Financial lifted their price objective on shares of OneMain from $70.00 to $71.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Barclays dropped their target price on shares of OneMain from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 7th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of OneMain in a research report on Friday, July 10th. Eight equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $68.40.

Insider Activity

In other news, SVP Michael A. Hedlund sold 2,500 shares of OneMain stock in a transaction 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 approximately $680,128. The trade was a 19.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 dated Tuesday, August 4th. The stock was sold at an average price of $65.40, for a total value of $327,000.00. Following the sale, the chief operating officer directly owned 91,250 shares of the company’s stock, valued at approximately $5,967,750. This trade represents a 5.19% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 14,348 shares of company stock worth $911,576. Insiders own 0.29% of the company’s stock.

OneMain Price Performance

OneMain stock opened at $64.81 on Wednesday. OneMain Holdings, Inc. has a one year low of $45.78 and a one year high of $71.93. The business has a fifty day moving average price of $60.81 and a 200-day moving average price of $57.61. The firm has a market capitalization of $7.46 billion, a P/E ratio of 9.76, a PEG ratio of 0.50 and a beta of 1.21.

OneMain (NYSE:OMF) last released its quarterly earnings data 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. OneMain had a return on equity of 23.49% and a net margin of 13.92%.The company had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the company posted $1.45 EPS. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. Sell-side analysts expect that OneMain Holdings, Inc. will post 7.12 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 10th were given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date was Monday, August 10th. OneMain’s dividend payout ratio (DPR) is 63.25%.

About OneMain

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.