Susquehanna Fundamental Investments LLC Sells 97,699 Shares of OneMain Holdings, Inc. $OMF

Susquehanna Fundamental Investments LLC lessened its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 35.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 179,053 shares of the financial services provider’s stock after selling 97,699 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in OneMain were worth $10,917,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of OneMain in the 2nd quarter worth approximately $633,893,000. Dimensional Fund Advisors LP increased its position in OneMain by 7.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,342,241 shares of the financial services provider’s stock valued at $232,258,000 after buying an additional 308,370 shares in the last quarter. Janus Henderson Group PLC increased its position in OneMain by 7.7% during the 1st quarter. Janus Henderson Group PLC now owns 2,729,862 shares of the financial services provider’s stock valued at $146,030,000 after buying an additional 195,591 shares in the last quarter. Jupiter Topco LLC purchased a new position in OneMain during the second quarter valued at $166,060,000. Finally, Geode Capital Management LLC raised its stake in OneMain by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 2,422,562 shares of the financial services provider’s stock valued at $164,017,000 after buying an additional 15,941 shares during the last quarter. Institutional investors own 85.82% of the company’s stock.

OneMain Trading Up 0.2%

OMF stock opened at $62.95 on Monday. The stock’s 50 day simple moving average is $61.78 and its 200 day simple moving average is $57.58. OneMain Holdings, Inc. has a 12-month low of $45.78 and a 12-month high of $71.93. The stock has a market capitalization of $7.24 billion, a PE ratio of 9.48, a price-to-earnings-growth ratio of 0.48 and a beta of 1.21.

OneMain (NYSE:OMF) last posted its earnings results on Wednesday, July 29th. The financial services provider reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.05. OneMain had a return on equity of 23.49% and a net margin of 13.92%.The business had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the company earned $1.45 EPS. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. On average, research analysts predict that OneMain Holdings, Inc. will post 7.11 earnings per share for the current year.

OneMain Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 10th were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $4.20 annualized dividend and a dividend yield of 6.7%. OneMain’s dividend payout ratio (DPR) is 63.25%.

Insider Activity

In other OneMain news, SVP Michael A. Hedlund sold 2,500 shares of the company’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $64.00, for a total transaction of $160,000.00. Following the transaction, the senior vice president owned 10,627 shares in the company, valued at approximately $680,128. This represents a 19.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Micah R. Conrad sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $65.40, for a total transaction of $327,000.00. Following the transaction, the chief operating officer owned 91,250 shares in the company, valued at $5,967,750. This represents a 5.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 14,348 shares of company stock valued at $911,576 over the last quarter. 0.29% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on OMF shares. Royal Bank Of Canada boosted their target price on OneMain from $70.00 to $73.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Barclays lowered their price target on OneMain from $61.00 to $60.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 7th. Citizens Jmp upped their price target 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. TD Cowen increased their price objective on shares of OneMain from $66.00 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Finally, Truist Financial raised their price objective on shares of OneMain from $70.00 to $71.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Eight equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, OneMain currently has an average rating of “Moderate Buy” and an average price target of $68.40.

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.