Sanctuary Advisors LLC bought a new stake in shares of OneMain Holdings, Inc. (NYSE:OMF – Free Report) in the 2nd quarter, Holdings Channel reports. The fund bought 14,809 shares of the financial services provider’s stock, valued at approximately $903,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. BlackRock Inc. acquired a new stake in OneMain during the 2nd quarter valued at approximately $633,893,000. Dimensional Fund Advisors LP increased its holdings in OneMain by 7.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,342,241 shares of the financial services provider’s stock worth $232,258,000 after purchasing an additional 308,370 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of OneMain by 7.7% in the 1st quarter. Janus Henderson Group PLC now owns 2,729,862 shares of the financial services provider’s stock valued at $146,030,000 after purchasing an additional 195,591 shares in the last quarter. Geode Capital Management LLC raised its position in shares of OneMain by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 2,422,562 shares of the financial services provider’s stock valued at $164,017,000 after purchasing an additional 15,941 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of OneMain by 17.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,310,513 shares of the financial services provider’s stock valued at $156,075,000 after buying an additional 345,269 shares during the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at OneMain
In other news, COO Micah R. Conrad sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $65.40, for a total value of $327,000.00. Following the completion of the sale, the chief operating officer directly owned 91,250 shares of the company’s stock, valued at approximately $5,967,750. This represents a 5.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Michael A. Hedlund sold 2,500 shares of the business’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 directly owned 10,627 shares in the company, valued at approximately $680,128. The trade was a 19.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 14,348 shares of company stock worth $911,576 over the last 90 days. 0.29% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Get Our Latest Stock Report on OneMain
OneMain Price Performance
Shares of OMF opened at $62.95 on Friday. OneMain Holdings, Inc. has a 12 month low of $45.78 and a 12 month high of $71.93. The stock has a fifty day moving average price of $61.78 and a 200 day moving average price of $57.61. The company has a market cap of $7.24 billion, a P/E ratio of 9.48, a PEG ratio of 0.49 and a beta of 1.21.
OneMain (NYSE:OMF – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.05. The firm had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.28 billion. OneMain had a net margin of 13.92% and a return on equity of 23.49%. OneMain’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the firm posted $1.45 EPS. As a group, research analysts anticipate that OneMain Holdings, Inc. will post 7.11 earnings per share for the current year.
OneMain Dividend Announcement
The business also recently disclosed 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 dividend yield of 6.7%. The ex-dividend date was Monday, August 10th. OneMain’s payout ratio is currently 63.25%.
OneMain 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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