Deutsche Bank AG Acquires Shares of 371,233 OneMain Holdings, Inc. $OMF

Deutsche Bank AG acquired a new position in shares of OneMain Holdings, Inc. (NYSE:OMF) during the second quarter, HoldingsChannel.com reports. The fund acquired 371,233 shares of the financial services provider’s stock, valued at approximately $22,634,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Csenge Advisory Group raised its stake in shares of OneMain by 4.1% during the fourth quarter. Csenge Advisory Group now owns 4,239 shares of the financial services provider’s stock valued at $286,000 after purchasing an additional 167 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in OneMain by 4.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,075 shares of the financial services provider’s stock valued at $275,000 after purchasing an additional 174 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in OneMain by 9.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,112 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 176 shares during the last quarter. New York State Teachers Retirement System raised its position in shares of OneMain by 1.7% in the 1st quarter. New York State Teachers Retirement System now owns 11,131 shares of the financial services provider’s stock valued at $595,000 after purchasing an additional 189 shares in the last quarter. Finally, Generali Asset Management SPA SGR raised its position in shares of OneMain by 5.9% in the 4th quarter. Generali Asset Management SPA SGR now owns 3,413 shares of the financial services provider’s stock valued at $231,000 after purchasing an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

OneMain Price Performance

OneMain stock opened at $63.26 on Friday. The company has a market cap of $7.28 billion, a PE ratio of 9.53, a P/E/G ratio of 0.47 and a beta of 1.21. The company has a fifty day moving average price of $61.24 and a two-hundred day moving average price of $57.61. OneMain Holdings, Inc. has a 12 month low of $45.78 and a 12 month high of $71.93.

OneMain (NYSE:OMF) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.31 EPS for the quarter, beating the consensus estimate of $1.26 by $0.05. OneMain had a net margin of 13.92% and a return on equity of 23.49%. The business had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the business posted $1.45 EPS. The company’s quarterly revenue was up 6.7% on a year-over-year basis. Equities research analysts anticipate that OneMain Holdings, Inc. will post 7.11 earnings per share for the current year.

OneMain Announces Dividend

The business also recently announced 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 6.6%. The ex-dividend date was Monday, August 10th. OneMain’s payout ratio is presently 63.25%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on OMF. Truist Financial raised their price target on shares of OneMain from $70.00 to $71.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. TD Cowen upped their price target on shares of OneMain from $66.00 to $68.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Citigroup reiterated a “market outperform” rating on shares of OneMain in a research note on Thursday, July 30th. Royal Bank Of Canada boosted their target price on shares of OneMain from $70.00 to $73.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of OneMain in a research note on Friday, July 10th. Eight investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $68.40.

Insider Buying and Selling

In other news, SVP Michael A. Hedlund sold 2,500 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $64.00, for a total transaction of $160,000.00. Following the sale, the senior vice president directly owned 10,627 shares in the company, valued at approximately $680,128. This represents a 19.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 stock was sold at an average price of $62.00, for a total value of $310,000.00. Following the completion of the sale, the chief operating officer directly owned 96,250 shares in the company, valued at approximately $5,967,500. This trade 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. Over the last 90 days, insiders sold 14,348 shares of company stock valued at $911,576. 0.29% of the stock is currently owned by insiders.

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.