Jefferies Financial Group Inc. Takes $4.47 Million Position in OneMain Holdings, Inc. $OMF

Jefferies Financial Group Inc. acquired a new stake in shares of OneMain Holdings, Inc. (NYSE:OMF) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 73,390 shares of the financial services provider’s stock, valued at approximately $4,475,000. Jefferies Financial Group Inc. owned about 0.06% of OneMain as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Csenge Advisory Group raised its stake in OneMain by 4.1% in the 4th 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 last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of OneMain by 4.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,075 shares of the financial services provider’s stock worth $275,000 after purchasing an additional 174 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of OneMain by 9.1% during the second quarter. Geneos Wealth Management Inc. now owns 2,112 shares of the financial services provider’s stock worth $120,000 after buying an additional 176 shares in the last quarter. New York State Teachers Retirement System grew its holdings in shares of OneMain by 1.7% during the first quarter. New York State Teachers Retirement System now owns 11,131 shares of the financial services provider’s stock worth $595,000 after buying 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 fourth quarter. Generali Asset Management SPA SGR now owns 3,413 shares of the financial services provider’s stock valued at $231,000 after buying an additional 190 shares during the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Evercore set a $66.00 price objective on shares of OneMain in a research note on Monday, July 6th. Citizens Jmp lifted their target price 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. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of OneMain in a report on Friday, July 10th. TD Cowen increased their price target on OneMain from $66.00 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of OneMain in a report on Tuesday, July 7th. Eight equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $68.40.

OneMain Price Performance

NYSE OMF opened at $62.95 on Friday. The company has a market cap of $7.24 billion, a P/E ratio of 9.48, a P/E/G ratio of 0.49 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. The company has a 50-day moving average of $61.78 and a 200-day moving average of $57.61.

OneMain (NYSE:OMF) last released its earnings results on Wednesday, July 29th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period last year, the company earned $1.45 earnings per share. The company’s quarterly revenue was up 6.7% on a year-over-year basis. As a group, equities research analysts anticipate that OneMain Holdings, Inc. will post 7.11 EPS for the current year.

OneMain Announces Dividend

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

Insider Buying and Selling at OneMain

In other news, COO Micah R. Conrad sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $65.40, for a total transaction of $327,000.00. Following the completion of the sale, the chief operating officer directly owned 91,250 shares of the company’s stock, valued at $5,967,750. The trade was a 5.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Michael A. Hedlund sold 2,500 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was 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 of the company’s stock, valued at approximately $680,128. The trade was a 19.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 14,348 shares of company stock valued at $911,576 over the last three months. Corporate insiders own 0.29% of the company’s stock.

OneMain Company 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.