Vise Technologies Inc. Purchases New Position in OneMain Holdings, Inc. $OMF

Vise Technologies Inc. purchased a new position in OneMain Holdings, Inc. (NYSE:OMF) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,442 shares of the financial services provider’s stock, valued at approximately $515,000.

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

Insiders Place Their Bets

In other OneMain news, COO Micah R. Conrad sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $65.40, for a total transaction of $327,000.00. Following the sale, the chief operating officer directly owned 91,250 shares of the company’s stock, valued at $5,967,750. This trade represents a 5.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michael A. Hedlund sold 2,500 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $64.00, for a total value of $160,000.00. Following the completion of the transaction, the senior vice president owned 10,627 shares in the company, valued at $680,128. The trade was a 19.04% decrease in their ownership of the stock. 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 sold a total of 14,348 shares of company stock valued at $911,576 in the last quarter. 0.29% of the stock is currently owned by company insiders.

OneMain Trading Down 0.5%

Shares of NYSE:OMF opened at $62.86 on Tuesday. The stock has a fifty day simple moving average of $61.34 and a two-hundred day simple moving average of $57.55. The stock has a market capitalization of $7.23 billion, a price-to-earnings ratio of 9.47, a PEG ratio of 0.48 and a beta of 1.21. OneMain Holdings, Inc. has a 12-month low of $45.78 and a 12-month high of $71.93.

OneMain (NYSE:OMF) last released its 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 firm had revenue of $1.62 billion for 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 company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.45 earnings per share. As a group, equities research analysts predict that OneMain Holdings, Inc. will post 7.11 EPS for the current year.

OneMain Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 10th were paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date was Monday, August 10th. OneMain’s dividend payout ratio is presently 63.25%.

Wall Street Analysts Forecast Growth

OMF has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of OneMain in a report on Friday, July 10th. Citigroup reaffirmed a “market outperform” rating on shares of OneMain in a research report on Thursday, July 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of OneMain in a research note on Tuesday, July 7th. Citizens Jmp increased their price target on shares of OneMain from $68.00 to $70.00 and gave the stock a “market outperform” rating in a research note on Thursday, July 30th. Finally, TD Cowen lifted their price target 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 analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, OneMain presently has an average rating of “Moderate Buy” and a consensus price target of $68.40.

About OneMain

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.