Callan Family Office LLC acquired a new position in shares of OneMain Holdings, Inc. (NYSE:OMF – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,943 shares of the financial services provider’s stock, valued at approximately $789,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of OneMain during the second quarter valued at about $633,893,000. Norges Bank acquired a new position in shares of OneMain in the fourth quarter valued at approximately $100,312,000. Bank of New York Mellon Corp acquired a new position in shares of OneMain in the second quarter valued at approximately $63,980,000. Janus Henderson Group PLC raised its holdings in OneMain by 70.4% in the 4th quarter. Janus Henderson Group PLC now owns 2,534,271 shares of the financial services provider’s stock valued at $171,210,000 after buying an additional 1,047,263 shares during the last quarter. Finally, Azora Capital LP raised its holdings in OneMain by 210.7% in the 4th quarter. Azora Capital LP now owns 1,362,934 shares of the financial services provider’s stock valued at $92,066,000 after buying an additional 924,302 shares during the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.
Insiders Place Their Bets
In related news, COO Micah R. Conrad sold 5,000 shares of the business’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $62.00, for a total value of $310,000.00. Following the transaction, the chief operating officer owned 96,250 shares in the company, valued at $5,967,500. The trade was a 4.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Michael A. Hedlund sold 2,500 shares of the company’s 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 sale, the senior vice president directly owned 10,627 shares in the company, valued at $680,128. This trade represents a 19.04% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 14,348 shares of company stock valued at $911,576 in the last three months. 0.29% of the stock is owned by insiders.
OneMain Stock Performance
OneMain (NYSE:OMF – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.05. OneMain had a net margin of 13.92% and a return on equity of 23.49%. The firm had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the company earned $1.45 EPS. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. Research analysts predict that OneMain Holdings, Inc. will post 7.11 EPS for the current year.
OneMain Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 10th were paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend was Monday, August 10th. OneMain’s dividend payout ratio (DPR) is currently 63.25%.
Analyst Ratings Changes
A number of equities research analysts have weighed in on OMF shares. Citigroup reissued a “market outperform” rating on shares of OneMain in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of OneMain in a report on Friday, July 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of OneMain in a research note on Tuesday, July 7th. Barclays decreased their price objective on OneMain from $61.00 to $60.00 and set an “equal weight” rating for the company in a report on Tuesday, July 7th. Finally, Truist Financial raised their target price on OneMain from $70.00 to $71.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Eight equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, OneMain currently has an average rating of “Moderate Buy” and an average price target of $68.40.
Read Our Latest Report on OneMain
OneMain Company Profile
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.
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