Swiss National Bank Lowers Stock Position in OneMain Holdings, Inc. $OMF

Swiss National Bank trimmed its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 1.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 228,100 shares of the financial services provider’s stock after selling 3,100 shares during the period. Swiss National Bank owned approximately 0.19% of OneMain worth $13,002,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Forum Financial Management LP increased its stake in OneMain by 4.6% during the second quarter. Forum Financial Management LP now owns 4,749 shares of the financial services provider’s stock worth $271,000 after acquiring an additional 209 shares during the last quarter. Central Pacific Bank Trust Division grew its holdings in shares of OneMain by 2.7% during the 2nd quarter. Central Pacific Bank Trust Division now owns 8,079 shares of the financial services provider’s stock worth $461,000 after purchasing an additional 210 shares during the period. Vista Finance LLC increased its position in OneMain by 4.1% during the 2nd quarter. Vista Finance LLC now owns 7,073 shares of the financial services provider’s stock worth $403,000 after purchasing an additional 279 shares in the last quarter. Deutsche Bank AG increased its position in OneMain by 0.8% during the 1st quarter. Deutsche Bank AG now owns 36,581 shares of the financial services provider’s stock worth $1,788,000 after purchasing an additional 290 shares in the last quarter. Finally, Independent Advisor Alliance raised its holdings in OneMain by 2.2% in the first quarter. Independent Advisor Alliance now owns 16,479 shares of the financial services provider’s stock valued at $805,000 after buying an additional 357 shares during the period. Institutional investors and hedge funds own 85.82% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wells Fargo & Company initiated coverage on shares of OneMain in a research note on Monday, August 25th. They set an “equal weight” rating for the company. JMP Securities set a $68.00 target price on shares of OneMain in a report on Monday. Wall Street Zen raised shares of OneMain from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of OneMain in a research report on Wednesday. Finally, Citizens Jmp reduced their price objective on OneMain from $70.00 to $68.00 and set a “market outperform” rating on the stock in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.63.

OneMain Trading Up 0.9%

Shares of OMF stock opened at $61.88 on Friday. The firm has a fifty day simple moving average of $57.81 and a 200-day simple moving average of $57.05. The company has a market capitalization of $7.29 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 0.45 and a beta of 1.37. OneMain Holdings, Inc. has a twelve month low of $38.00 and a twelve month high of $63.24.

OneMain (NYSE:OMF) last issued its quarterly earnings data on Friday, October 31st. The financial services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.32. The firm had revenue of $747.00 million for the quarter, compared to analyst estimates of $1.24 billion. OneMain had a net margin of 12.63% and a return on equity of 20.65%. During the same quarter in the previous year, the business posted $1.31 EPS. Equities research analysts predict that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 10th were paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 6.8%. This is a positive change from OneMain’s previous quarterly dividend of $1.04. The ex-dividend date was Monday, November 10th. OneMain’s payout ratio is presently 71.19%.

Insider Transactions at OneMain

In other OneMain news, COO Micah R. Conrad sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $59.20, for a total value of $296,000.00. Following the transaction, the chief operating officer directly owned 88,221 shares of the company’s stock, valued at $5,222,683.20. This represents a 5.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Douglas H. Shulman sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $59.54, for a total transaction of $2,083,900.00. Following the sale, the chief executive officer directly owned 231,600 shares of the company’s stock, valued at $13,789,464. The trade was a 13.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.40% of the company’s stock.

OneMain Profile

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.