Cwm LLC Acquires 7,109 Shares of OneMain Holdings, Inc. $OMF

Cwm LLC lifted its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 18.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 45,981 shares of the financial services provider’s stock after purchasing an additional 7,109 shares during the period. Cwm LLC’s holdings in OneMain were worth $2,621,000 as of its most recent filing with the SEC.

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

Insider Transactions at OneMain

In related news, CEO Douglas H. Shulman sold 35,000 shares of OneMain stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 275,100 shares of the company’s stock, valued at $16,360,197. This trade represents a 11.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Barclays raised their price target on shares of OneMain from $48.00 to $56.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 8th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $57.00 price target (down previously from $63.00) on shares of OneMain in a report on Tuesday, October 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of OneMain in a report on Wednesday, October 8th. Citigroup reissued an “outperform” rating on shares of OneMain in a report on Monday, October 13th. Finally, JMP Securities cut their price target on shares of OneMain from $65.00 to $63.00 and set a “market outperform” rating on the stock in a report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, OneMain currently has a consensus rating of “Moderate Buy” and an average price target of $60.50.

OneMain Trading Up 1.7%

Shares of OMF opened at $54.19 on Friday. The firm’s 50-day moving average price is $58.57 and its 200-day moving average price is $54.42. The firm has a market capitalization of $6.44 billion, a price-to-earnings ratio of 9.78, a PEG ratio of 0.43 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 announced its earnings results on Friday, July 25th. The financial services provider reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.20. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. OneMain had a net margin of 12.63% and a return on equity of 20.65%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.02 EPS. On average, research analysts forecast that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Announces Dividend

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

About OneMain

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.