OneMain Holdings, Inc. $OMF Holdings Decreased by QRG Capital Management Inc.

QRG Capital Management Inc. lessened its stake in OneMain Holdings, Inc. (NYSE:OMF) by 4.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 66,528 shares of the financial services provider’s stock after selling 3,279 shares during the quarter. QRG Capital Management Inc.’s holdings in OneMain were worth $3,792,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its stake in shares of OneMain by 56.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 121,577 shares of the financial services provider’s stock worth $5,966,000 after acquiring an additional 43,915 shares during the period. GAMMA Investing LLC increased its stake in shares of OneMain by 191.9% during the first quarter. GAMMA Investing LLC now owns 1,007 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 662 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in OneMain by 5.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,851 shares of the financial services provider’s stock worth $1,251,000 after purchasing an additional 1,441 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in OneMain in the first quarter worth approximately $853,000. Finally, SG Americas Securities LLC boosted its stake in OneMain by 171.9% during the 1st quarter. SG Americas Securities LLC now owns 10,874 shares of the financial services provider’s stock valued at $532,000 after purchasing an additional 6,875 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on OMF shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of OneMain in a research report on Saturday, September 27th. Wells Fargo & Company assumed coverage on OneMain in a report on Monday, August 25th. They set an “equal weight” rating on the stock. Barclays boosted their price target on shares of OneMain from $48.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. raised their price objective on shares of OneMain from $50.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, OneMain presently has a consensus rating of “Moderate Buy” and an average price target of $61.50.

Insider Activity at OneMain

In related news, CEO Douglas H. Shulman sold 35,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $59.47, for a total value of $2,081,450.00. Following the completion of the transaction, the chief executive officer owned 275,100 shares of the company’s stock, valued at approximately $16,360,197. This trade represents a 11.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.40% of the company’s stock.

OneMain Stock Down 1.4%

NYSE:OMF opened at $55.42 on Tuesday. The stock has a fifty day simple moving average of $59.00 and a 200 day simple moving average of $54.21. The firm has a market capitalization of $6.59 billion, a price-to-earnings ratio of 10.00, a price-to-earnings-growth ratio of 0.44 and a beta of 1.32. OneMain Holdings, Inc. has a 1-year low of $38.00 and a 1-year high of $63.24.

OneMain (NYSE:OMF) last posted its quarterly earnings data on Friday, July 25th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the company earned $1.02 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. Equities analysts predict that OneMain Holdings, Inc. will post 6.46 earnings per share for the current year.

OneMain Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 13th. Investors of record on Monday, August 4th were given a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 7.5%. The ex-dividend date was Monday, August 4th. OneMain’s dividend payout ratio is 75.09%.

OneMain Company 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.