OneMain Holdings, Inc. $OMF Shares Acquired by Capital International Investors

Capital International Investors boosted its stake in OneMain Holdings, Inc. (NYSE:OMF) by 0.8% in the third quarter, Holdings Channel.com reports. The firm owned 10,376,590 shares of the financial services provider’s stock after acquiring an additional 82,202 shares during the quarter. Capital International Investors owned about 0.09% of OneMain worth $585,868,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new position in shares of OneMain in the 3rd quarter valued at $26,000. Activest Wealth Management grew its stake in shares of OneMain by 1,102.1% during the 3rd quarter. Activest Wealth Management now owns 577 shares of the financial services provider’s stock valued at $33,000 after buying an additional 529 shares during the period. Bayforest Capital Ltd increased its holdings in shares of OneMain by 591.8% during the 3rd quarter. Bayforest Capital Ltd now owns 671 shares of the financial services provider’s stock worth $38,000 after buying an additional 574 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of OneMain by 57.5% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 718 shares of the financial services provider’s stock worth $40,000 after buying an additional 262 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of OneMain by 79.4% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 820 shares of the financial services provider’s stock worth $47,000 after buying an additional 363 shares during the period. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on OMF shares. Evercore set a $75.00 price target on OneMain in a research report on Tuesday, January 6th. Barclays set a $71.00 price objective on OneMain in a report on Friday, February 6th. Truist Financial reduced their price objective on OneMain from $75.00 to $73.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Citizens Jmp set a $68.00 target price on OneMain in a report on Monday, November 24th. Finally, JPMorgan Chase & Co. dropped their target price on shares of OneMain from $65.00 to $63.00 and set an “underweight” rating for the company in a research report on Friday, February 6th. Eight research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, OneMain currently has an average rating of “Moderate Buy” and an average price target of $72.11.

OneMain Trading Up 0.0%

Shares of NYSE OMF opened at $53.95 on Wednesday. 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 $6.32 billion, a P/E ratio of 8.21, a P/E/G ratio of 0.31 and a beta of 1.34. The stock has a fifty day moving average price of $61.91 and a 200 day moving average price of $61.18.

OneMain (NYSE:OMF) last issued its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.04. OneMain had a return on equity of 23.76% and a net margin of 14.35%.The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the firm posted $1.16 earnings per share. On average, sell-side analysts forecast that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 23rd. Investors of record on Tuesday, February 17th were issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 7.8%. The ex-dividend date was Tuesday, February 17th. OneMain’s dividend payout ratio (DPR) is presently 63.93%.

Insider Activity at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 57,500 shares of the stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $68.41, for a total value of $3,933,575.00. Following the completion of the sale, the chief executive officer owned 174,100 shares of the company’s stock, valued at $11,910,181. This trade represents a 24.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Micah R. Conrad sold 5,000 shares of OneMain stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $58.00, for a total transaction of $290,000.00. Following the sale, the chief operating officer owned 106,250 shares in the company, valued at $6,162,500. This represents a 4.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.40% of the company’s stock.

OneMain Company Profile

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.