2,722,474 Shares in OneMain Holdings, Inc. $OMF Acquired by Jupiter Topco LLC

Jupiter Topco LLC purchased a new position in OneMain Holdings, Inc. (NYSE:OMF) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 2,722,474 shares of the financial services provider’s stock, valued at approximately $166,060,000.

Other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of OneMain in the 1st quarter worth $2,037,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of OneMain by 2.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 442,598 shares of the financial services provider’s stock valued at $21,634,000 after purchasing an additional 9,067 shares during the period. Focus Partners Wealth boosted its position in shares of OneMain by 101.8% in the 1st quarter. Focus Partners Wealth now owns 8,737 shares of the financial services provider’s stock valued at $427,000 after purchasing an additional 4,407 shares during the period. Prudential Financial Inc. increased its stake in OneMain by 32.9% in the 2nd quarter. Prudential Financial Inc. now owns 9,492 shares of the financial services provider’s stock worth $541,000 after purchasing an additional 2,350 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in OneMain by 26.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 19,644 shares of the financial services provider’s stock worth $1,119,000 after purchasing an additional 4,084 shares in the last quarter. Institutional investors own 85.82% of the company’s stock.

Analyst Ratings Changes

OMF has been the subject of a number of analyst reports. Royal Bank Of Canada upped their price objective on shares of OneMain from $70.00 to $73.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. TD Cowen lifted their target price on shares of OneMain from $66.00 to $68.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of OneMain in a report on Friday, July 10th. Citigroup restated a “market outperform” rating on shares of OneMain in a research report on Thursday, July 30th. Finally, Evercore set a $66.00 price objective on shares of OneMain in a research note on Monday, July 6th. Eight investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, OneMain currently has an average rating of “Moderate Buy” and a consensus target price of $68.40.

Insider Buying and Selling

In other OneMain news, SVP Michael A. Hedlund sold 2,500 shares of OneMain stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $64.00, for a total transaction of $160,000.00. Following the completion of the sale, the senior vice president owned 10,627 shares of the company’s stock, valued at $680,128. This trade represents a 19.04% decrease in their position. The sale was disclosed in a filing with the SEC, 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 OneMain stock in a transaction 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 sale, the chief operating officer directly owned 96,250 shares of the company’s stock, valued at $5,967,500. This trade represents a 4.94% 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 14,348 shares of company stock worth $911,576 over the last ninety days. 0.29% of the stock is currently owned by insiders.

OneMain Trading Up 0.0%

Shares of NYSE OMF opened at $63.25 on Thursday. OneMain Holdings, Inc. has a one year low of $45.78 and a one year high of $71.93. The firm has a market capitalization of $7.28 billion, a PE ratio of 9.53, a PEG ratio of 0.48 and a beta of 1.21. The business has a 50-day moving average price of $61.57 and a two-hundred day moving average price of $57.56.

OneMain (NYSE:OMF) last released its earnings results 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 company 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 business’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.45 EPS. Research analysts anticipate that OneMain Holdings, Inc. will post 7.11 EPS 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 given 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 yield of 6.6%. OneMain’s payout ratio is presently 63.25%.

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.