OneMain Holdings, Inc. $OMF Shares Purchased by Ascent Group LLC

Ascent Group LLC increased its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 127.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,952 shares of the financial services provider’s stock after acquiring an additional 5,569 shares during the period. Ascent Group LLC’s holdings in OneMain were worth $486,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Alpine Bank Wealth Management acquired a new position in OneMain during the first quarter worth $27,000. SVB Wealth LLC acquired a new position in OneMain during the first quarter worth $34,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in OneMain during the first quarter worth $42,000. Headlands Technologies LLC acquired a new position in OneMain during the first quarter worth $46,000. Finally, GAMMA Investing LLC grew its holdings in OneMain by 191.9% during the first quarter. GAMMA Investing LLC now owns 1,007 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 662 shares during the period. Institutional investors and hedge funds own 85.82% of the company’s stock.

OneMain Stock Performance

OneMain stock opened at $60.78 on Thursday. The firm has a market capitalization of $7.22 billion, a price-to-earnings ratio of 10.97, a price-to-earnings-growth ratio of 0.47 and a beta of 1.30. OneMain Holdings, Inc. has a fifty-two week low of $38.00 and a fifty-two week high of $63.24. The stock’s fifty day moving average is $58.83 and its two-hundred day moving average is $52.99.

OneMain (NYSE:OMF) last posted its earnings results on Friday, July 25th. The financial services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.20. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. OneMain had a return on equity of 20.65% and a net margin of 12.63%.OneMain’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.02 earnings per share. As a group, sell-side analysts forecast that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 13th. Investors of record on Monday, August 4th were paid a dividend of $1.04 per share. The ex-dividend date of this dividend was Monday, August 4th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 6.8%. OneMain’s dividend payout ratio (DPR) is presently 75.09%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on OneMain from $50.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. Barclays upped their price objective on OneMain from $48.00 to $56.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 8th. Finally, Wells Fargo & Company assumed coverage on OneMain in a report on Monday, August 25th. They issued an “equal weight” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $61.50.

Insiders Place Their Bets

In related news, CEO Douglas H. Shulman sold 35,000 shares of the stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $59.47, for a total transaction of $2,081,450.00. Following the sale, the chief executive officer owned 275,100 shares of the company’s stock, valued at $16,360,197. This trade represents a 11.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Micah R. Conrad sold 3,000 shares of the stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $60.00, for a total value of $180,000.00. Following the sale, the chief operating officer directly owned 98,007 shares in the company, valued at approximately $5,880,420. The trade was a 2.97% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 65,000 shares of company stock worth $3,715,340. Corporate insiders own 0.40% of the company’s stock.

About OneMain

OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses in the United States. It originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit cards; optional credit insurance products, including life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.