Universal Beteiligungs und Servicegesellschaft mbH Has $5.14 Million Position in OneMain Holdings, Inc. $OMF

Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 51.6% during the third quarter, HoldingsChannel.com reports. The firm owned 91,026 shares of the financial services provider’s stock after acquiring an additional 30,977 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in OneMain were worth $5,139,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new stake in shares of OneMain during the 3rd quarter valued at $26,000. Bayforest Capital Ltd raised its holdings in shares of OneMain by 591.8% during the third quarter. Bayforest Capital Ltd now owns 671 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 574 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in OneMain by 79.4% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 820 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 363 shares during the last quarter. Golden State Wealth Management LLC boosted its position in OneMain by 2,940.0% during the second quarter. Golden State Wealth Management LLC now owns 912 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 882 shares during the last quarter. Finally, Employees Retirement System of Texas purchased a new position in OneMain in the second quarter valued at about $56,000. Institutional investors and hedge funds own 85.82% of the company’s stock.

Insider Transactions at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 652 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $62.00, for a total value of $40,424.00. Following the sale, the senior vice president owned 15,179 shares of the company’s stock, valued at $941,098. This trade represents a 4.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 owned 88,221 shares of the company’s stock, valued at approximately $5,222,683.20. This trade represents a 5.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 98,152 shares of company stock worth $6,353,899. Company insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on OMF shares. Citigroup reaffirmed a “market outperform” rating on shares of OneMain in a research note on Monday, November 24th. Evercore ISI set a $75.00 price objective on OneMain in a report on Tuesday, January 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of OneMain in a research note on Monday, December 29th. Royal Bank Of Canada increased their price target on shares of OneMain from $68.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Finally, Citizens Jmp cut their price target on shares of OneMain from $70.00 to $68.00 and set a “market outperform” rating on the stock in a report on Monday, November 24th. Nine analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.30.

OneMain Stock Up 1.6%

Shares of OMF stock opened at $65.49 on Tuesday. OneMain Holdings, Inc. has a 12 month low of $38.00 and a 12 month high of $71.93. The company has a market cap of $7.71 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 0.36 and a beta of 1.33. The business’s 50 day moving average is $65.82 and its two-hundred day moving average is $60.95.

OneMain (NYSE:OMF) last posted its quarterly earnings data on Friday, October 31st. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.32. OneMain had a net margin of 13.15% and a return on equity of 22.70%. The business had revenue of $747.00 million during the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the prior year, the firm earned $1.31 EPS. As a group, equities analysts expect that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 10th were given a $1.05 dividend. This is an increase from OneMain’s previous quarterly dividend of $1.04. This represents a $4.20 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend was Monday, November 10th. OneMain’s dividend payout ratio (DPR) is 71.19%.

About OneMain

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.