Los Angeles Capital Management LLC Boosts Stock Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Los Angeles Capital Management LLC boosted its stake in shares of OneMain Holdings, Inc. (NYSE:OMFGet Rating) by 9.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 367,423 shares of the financial services provider’s stock after acquiring an additional 33,198 shares during the period. Los Angeles Capital Management LLC’s holdings in OneMain were worth $17,420,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Capital International Investors purchased a new position in OneMain during the fourth quarter valued at $278,150,000. State Street Corp raised its position in shares of OneMain by 10.7% during the 4th quarter. State Street Corp now owns 1,705,118 shares of the financial services provider’s stock valued at $85,324,000 after buying an additional 164,628 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of OneMain by 29.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,323,627 shares of the financial services provider’s stock valued at $66,234,000 after acquiring an additional 297,650 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in OneMain by 39.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,087,350 shares of the financial services provider’s stock worth $54,409,000 after acquiring an additional 308,538 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in OneMain by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,001,104 shares of the financial services provider’s stock worth $50,096,000 after acquiring an additional 11,591 shares during the last quarter. 84.43% of the stock is owned by hedge funds and other institutional investors.

OneMain Stock Performance

Shares of NYSE OMF opened at $36.51 on Friday. The business’s 50 day moving average price is $39.36 and its 200-day moving average price is $44.61. OneMain Holdings, Inc. has a fifty-two week low of $34.22 and a fifty-two week high of $60.51. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 4.44 and a beta of 1.61.

OneMain (NYSE:OMFGet Rating) last released its quarterly earnings data on Wednesday, July 27th. The financial services provider reported $1.87 EPS for the quarter, missing the consensus estimate of $1.94 by ($0.07). OneMain had a return on equity of 37.61% and a net margin of 22.43%. During the same period in the previous year, the company earned $2.66 EPS. Sell-side analysts predict that OneMain Holdings, Inc. will post 7.69 earnings per share for the current year.

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 12th. Shareholders of record on Monday, August 8th will be issued a dividend of $0.95 per share. The ex-dividend date is Friday, August 5th. This represents a $3.80 annualized dividend and a yield of 10.41%. OneMain’s payout ratio is currently 46.17%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. BMO Capital Markets decreased their price objective on OneMain from $58.00 to $50.00 in a research report on Monday, August 1st. Barclays decreased their price objective on OneMain from $72.00 to $62.00 and set an “overweight” rating on the stock in a research report on Monday, July 11th. Royal Bank of Canada decreased their price objective on OneMain from $62.00 to $51.00 and set an “outperform” rating on the stock in a research report on Tuesday. JMP Securities decreased their price objective on OneMain from $68.00 to $58.00 and set a “market outperform” rating on the stock in a research report on Friday, July 15th. Finally, Piper Sandler decreased their price objective on OneMain from $70.00 to $63.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 29th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, OneMain currently has an average rating of “Moderate Buy” and an average price target of $57.91.

Insiders Place Their Bets

In other news, CEO Douglas H. Shulman acquired 1,000 shares of OneMain stock in a transaction on Friday, May 20th. The shares were bought at an average cost of $40.23 per share, for a total transaction of $40,230.00. Following the acquisition, the chief executive officer now directly owns 349,612 shares of the company’s stock, valued at approximately $14,064,890.76. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Douglas H. Shulman bought 1,150 shares of the company’s stock in a transaction on Monday, August 1st. The shares were acquired at an average price of $37.08 per share, with a total value of $42,642.00. Following the transaction, the chief executive officer now owns 337,936 shares of the company’s stock, valued at $12,530,666.88. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Douglas H. Shulman bought 1,000 shares of the company’s stock in a transaction on Friday, May 20th. The shares were bought at an average cost of $40.23 per share, for a total transaction of $40,230.00. Following the transaction, the chief executive officer now directly owns 349,612 shares in the company, valued at approximately $14,064,890.76. The disclosure for this purchase can be found here. Insiders have bought 4,650 shares of company stock worth $184,472 in the last ninety days. 0.13% of the stock is owned by company insiders.

About OneMain

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

Further Reading

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Institutional Ownership by Quarter for OneMain (NYSE:OMF)

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