Basswood Capital Management L.L.C. Has $51.65 Million Stock Holdings in OneMain Holdings, Inc. $OMF

Basswood Capital Management L.L.C. decreased its position in shares of OneMain Holdings, Inc. (NYSE:OMFFree Report) by 2.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 847,066 shares of the financial services provider’s stock after selling 25,378 shares during the period. OneMain accounts for 2.1% of Basswood Capital Management L.L.C.’s holdings, making the stock its 10th biggest position. Basswood Capital Management L.L.C.’s holdings in OneMain were worth $51,646,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. CIBC Private Wealth Group LLC grew its holdings in OneMain by 117.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 374 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 202 shares during the last quarter. Core Wealth Advisors LLC purchased a new stake in shares of OneMain during the 4th quarter valued at $31,000. Atlantic Union Bankshares Corp purchased a new stake in shares of OneMain during the 4th quarter valued at $36,000. Transamerica Financial Advisors LLC lifted its holdings in shares of OneMain by 88.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 670 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 314 shares during the last quarter. Finally, Sunbelt Securities Inc. acquired a new stake in shares of OneMain in the 3rd quarter worth $46,000. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on OMF shares. Barclays reduced their target price on OneMain from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 7th. Evercore set a $66.00 price target on OneMain in a report on Monday, July 6th. Royal Bank Of Canada boosted their price target on OneMain from $70.00 to $73.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of OneMain in a report on Friday, July 10th. Finally, TD Cowen increased their price objective on shares of OneMain from $66.00 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Eight investment 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 data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $68.40.

View Our Latest Analysis on OMF

Insider Transactions at OneMain

In related news, SVP Michael A. Hedlund sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $64.00, for a total value of $160,000.00. Following the sale, the senior vice president owned 10,627 shares in the company, valued at $680,128. This represents a 19.04% decrease in their ownership of the stock. The sale 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, COO Micah R. Conrad sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $65.40, for a total transaction of $327,000.00. Following the completion of the transaction, the chief operating officer owned 91,250 shares in the company, valued at approximately $5,967,750. This trade represents a 5.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 14,348 shares of company stock valued at $911,576 in the last ninety days. Corporate insiders own 0.29% of the company’s stock.

OneMain Price Performance

Shares of OMF opened at $63.25 on Thursday. The company’s fifty day moving average price is $61.57 and its 200-day moving average price is $57.56. OneMain Holdings, Inc. has a 1-year low of $45.78 and a 1-year high of $71.93. The firm has a market capitalization of $7.28 billion, a PE ratio of 9.53, a price-to-earnings-growth ratio of 0.48 and a beta of 1.21.

OneMain (NYSE:OMFGet Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.05. The company had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.28 billion. OneMain had a return on equity of 23.49% and a net margin of 13.92%.The firm’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.45 EPS. As a group, research analysts anticipate that OneMain Holdings, Inc. will post 7.11 EPS for the current fiscal year.

OneMain Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 10th were issued a dividend of $1.05 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 6.6%. OneMain’s payout ratio is 63.25%.

OneMain Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding OMF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for OneMain Holdings, Inc. (NYSE:OMFFree Report).

Institutional Ownership by Quarter for OneMain (NYSE:OMF)

Receive News & Ratings for OneMain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OneMain and related companies with MarketBeat.com's FREE daily email newsletter.