William Blair Investment Management LLC Buys 16,940 Shares of OneMain Holdings, Inc. $OMF

William Blair Investment Management LLC grew its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 3.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 499,589 shares of the financial services provider’s stock after buying an additional 16,940 shares during the period. William Blair Investment Management LLC’s holdings in OneMain were worth $28,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Alpine Bank Wealth Management bought a new stake in shares of OneMain during the first quarter valued at approximately $27,000. SVB Wealth LLC purchased a new position in shares of OneMain in the first quarter valued at $34,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of OneMain in the first quarter valued at $42,000. Headlands Technologies LLC purchased a new position in shares of OneMain in the first quarter valued at $46,000. Finally, GAMMA Investing LLC grew its holdings in shares of OneMain by 191.9% in the first quarter. GAMMA Investing LLC now owns 1,007 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 662 shares in the last quarter. Institutional investors own 85.82% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on OMF shares. JMP Securities cut their target price on shares of OneMain from $65.00 to $63.00 and set a “market outperform” rating for the company in a report on Monday, October 13th. Wells Fargo & Company started coverage on shares of OneMain in a report on Monday, August 25th. They issued an “equal weight” rating for the company. Wall Street Zen lowered shares of OneMain from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Barclays raised their target price on shares of OneMain from $48.00 to $56.00 and gave the company an “equal weight” rating in a report on Tuesday, July 8th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of OneMain in a report on Wednesday, October 8th. 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. Based on data from MarketBeat.com, OneMain currently has an average rating of “Moderate Buy” and a consensus price target of $60.50.

Insider Activity

In other news, CEO Douglas H. Shulman sold 35,000 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer directly owned 275,100 shares of the company’s stock, valued at approximately $16,360,197. The trade was a 11.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.40% of the company’s stock.

OneMain Stock Up 1.7%

NYSE OMF opened at $54.19 on Monday. The company has a fifty day moving average of $58.57 and a two-hundred day moving average of $54.49. 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 52 week low of $38.00 and a 52 week high of $63.24.

OneMain (NYSE:OMF) last posted its quarterly earnings data on Friday, July 25th. The financial services provider reported $1.45 EPS for the quarter, topping the consensus estimate of $1.25 by $0.20. The company had revenue of $1.20 billion during 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%. OneMain’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.02 earnings per share. Equities research analysts anticipate that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Dividend Announcement

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

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.