Universal Beteiligungs und Servicegesellschaft mbH Makes New $2.68 Million Investment in OneMain Holdings, Inc. (NYSE:OMF)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of OneMain Holdings, Inc. (NYSE:OMF) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 54,787 shares of the financial services provider’s stock, valued at approximately $2,678,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its position in shares of OneMain by 395.9% during the fourth quarter. Wellington Management Group LLP now owns 2,249,762 shares of the financial services provider’s stock valued at $117,280,000 after buying an additional 1,796,054 shares during the last quarter. Norges Bank bought a new stake in shares of OneMain during the fourth quarter valued at approximately $72,936,000. FMR LLC raised its position in shares of OneMain by 14.3% during the fourth quarter. FMR LLC now owns 10,835,668 shares of the financial services provider’s stock valued at $564,863,000 after buying an additional 1,352,604 shares during the last quarter. Azora Capital LP bought a new stake in shares of OneMain during the fourth quarter valued at approximately $39,650,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of OneMain during the fourth quarter valued at approximately $15,566,000. Institutional investors own 85.82% of the company’s stock.

Insider Buying and Selling at OneMain

In other news, COO Micah R. Conrad sold 5,000 shares of OneMain stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $52.21, for a total transaction of $261,050.00. Following the completion of the sale, the chief operating officer directly owned 108,007 shares in the company, valued at approximately $5,639,045.47. This trade represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas H. Shulman sold 25,000 shares of OneMain stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $47.49, for a total value of $1,187,250.00. Following the sale, the chief executive officer owned 343,925 shares of the company’s stock, valued at approximately $16,332,998.25. This trade represents a 6.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 60,000 shares of company stock valued at $3,082,190 over the last ninety days. 0.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Northland Securities upgraded shares of OneMain from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 8th. Barclays lifted their price objective on shares of OneMain from $48.00 to $56.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 8th. Wells Fargo & Company raised their target price on shares of OneMain from $53.00 to $60.00 and gave the company an “equal weight” rating in a report on Tuesday, July 15th. JPMorgan Chase & Co. raised their target price on shares of OneMain from $50.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Finally, Northland Capmk raised shares of OneMain from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 8th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $60.78.

OneMain Stock Down 1.5%

NYSE OMF opened at $58.30 on Wednesday. The company has a fifty day moving average of $55.34 and a two-hundred day moving average of $52.33. The firm has a market capitalization of $6.94 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 0.47 and a beta of 1.32. OneMain Holdings, Inc. has a 52 week low of $38.00 and a 52 week high of $60.33.

OneMain (NYSE:OMF) last posted its quarterly earnings data on Friday, July 25th. The financial services provider reported $1.45 EPS for the quarter, topping the consensus estimate of $1.25 by $0.20. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. OneMain had a net margin of 12.63% and a return on equity of 20.77%. OneMain’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.02 earnings per share. Equities research analysts anticipate that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 13th. Shareholders of record on Monday, August 4th will be paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 7.14%. The ex-dividend date is Monday, August 4th. OneMain’s payout ratio is 75.09%.

OneMain Company 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.