Cookson Peirce & Co. Inc. Boosts Holdings in OneMain Holdings, Inc. $OMF

Cookson Peirce & Co. Inc. increased its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 22.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,239 shares of the financial services provider’s stock after buying an additional 2,436 shares during the period. Cookson Peirce & Co. Inc.’s holdings in OneMain were worth $755,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Central Pacific Bank Trust Division increased its stake in shares of OneMain by 2.7% in the second quarter. Central Pacific Bank Trust Division now owns 8,079 shares of the financial services provider’s stock worth $461,000 after purchasing an additional 210 shares in the last quarter. Vista Finance LLC increased its stake in shares of OneMain by 4.1% in the second quarter. Vista Finance LLC now owns 7,073 shares of the financial services provider’s stock worth $403,000 after purchasing an additional 279 shares in the last quarter. Essex Financial Services Inc. increased its stake in shares of OneMain by 6.7% in the first quarter. Essex Financial Services Inc. now owns 4,591 shares of the financial services provider’s stock worth $224,000 after purchasing an additional 288 shares in the last quarter. Deutsche Bank AG increased its stake in shares of OneMain by 0.8% in the first quarter. Deutsche Bank AG now owns 36,581 shares of the financial services provider’s stock worth $1,788,000 after purchasing an additional 290 shares in the last quarter. Finally, Allworth Financial LP increased its stake in shares of OneMain by 21.7% in the first quarter. Allworth Financial LP now owns 1,976 shares of the financial services provider’s stock worth $96,000 after purchasing an additional 352 shares in the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Insider Transactions at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 35,000 shares of OneMain stock in a transaction that occurred 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 in the company, valued at $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 SEC, which is available through this hyperlink. 0.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on OMF shares. JMP Securities reduced their target price on shares of OneMain from $65.00 to $63.00 and set a “market outperform” rating for the company in a research note on Monday, October 13th. Wells Fargo & Company started coverage on shares of OneMain in a research note on Monday, August 25th. They issued an “equal weight” rating for the company. Citigroup reiterated an “outperform” rating on shares of OneMain in a research note on Monday, October 13th. Wall Street Zen lowered shares of OneMain from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Finally, Barclays raised their price objective on shares of OneMain from $48.00 to $56.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 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 has an average rating of “Moderate Buy” and a consensus price target of $60.50.

OneMain Trading Down 1.2%

OMF stock opened at $55.88 on Thursday. The firm has a 50 day moving average of $58.51 and a 200-day moving average of $54.61. OneMain Holdings, Inc. has a 12 month low of $38.00 and a 12 month high of $63.24. The firm has a market capitalization of $6.64 billion, a P/E ratio of 10.09, a price-to-earnings-growth ratio of 0.45 and a beta of 1.32.

OneMain (NYSE:OMF) last announced its earnings results on Friday, July 25th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.20. OneMain had a net margin of 12.63% and a return on equity of 20.65%. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the business posted $1.02 earnings per share. OneMain’s revenue for the quarter was up 7.1% on a year-over-year basis. Sell-side analysts predict that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 13th. Shareholders of record on Monday, August 4th were given a dividend of $1.04 per share. The ex-dividend date was Monday, August 4th. This represents a $4.16 annualized dividend and a yield of 7.4%. OneMain’s payout ratio is presently 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.