225,058 Shares in OneMain Holdings, Inc. $OMF Acquired by Man Group plc

Man Group plc acquired a new position in shares of OneMain Holdings, Inc. (NYSE:OMF) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 225,058 shares of the financial services provider’s stock, valued at approximately $13,722,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in shares of OneMain during the 2nd quarter valued at $633,893,000. Jupiter Topco LLC bought a new position in shares of OneMain in the second quarter worth $166,060,000. Norges Bank bought a new position in shares of OneMain in the fourth quarter worth $100,312,000. Bank of New York Mellon Corp bought a new position in shares of OneMain in the second quarter worth $63,980,000. Finally, Janus Henderson Group PLC raised its stake in OneMain by 70.4% in the fourth quarter. Janus Henderson Group PLC now owns 2,534,271 shares of the financial services provider’s stock valued at $171,210,000 after purchasing an additional 1,047,263 shares in the last quarter. 85.82% of the stock is owned by institutional investors and hedge funds.

OneMain Stock Performance

OneMain stock opened at $63.95 on Friday. OneMain Holdings, Inc. has a 52 week low of $45.78 and a 52 week high of $71.93. The stock has a market capitalization of $7.36 billion, a P/E ratio of 9.63, a price-to-earnings-growth ratio of 0.48 and a beta of 1.21. The stock has a fifty day moving average of $61.69 and a 200-day moving average of $57.57.

OneMain (NYSE:OMF) last released 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. OneMain had a return on equity of 23.49% and a net margin of 13.92%.The business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the firm posted $1.45 earnings per share. OneMain’s revenue was up 6.7% compared to the same quarter last year. On average, research analysts forecast that OneMain Holdings, Inc. will post 7.11 earnings per share for the current year.

OneMain Announces Dividend

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

Insider Activity at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The shares were 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 trade represents a 19.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Micah R. Conrad sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $62.00, for a total transaction of $310,000.00. Following the completion of the sale, the chief operating officer owned 96,250 shares in the company, valued at $5,967,500. This represents a 4.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 14,348 shares of company stock valued at $911,576. 0.29% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on OMF shares. Citigroup reaffirmed a “market outperform” rating on shares of OneMain in a research report on Thursday, July 30th. Royal Bank Of Canada raised their target price on shares of OneMain from $70.00 to $73.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Barclays dropped their target price on shares of OneMain from $61.00 to $60.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of OneMain in a report on Friday, July 10th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of OneMain in a research report on Tuesday, July 7th. Eight research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus 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.