140,363 Shares in OneMain Holdings, Inc. $OMF Acquired by Ieq Capital LLC

Ieq Capital LLC acquired a new stake in OneMain Holdings, Inc. (NYSE:OMF) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 140,363 shares of the financial services provider’s stock, valued at approximately $8,558,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of OneMain during the 2nd quarter valued at $633,893,000. Norges Bank bought a new position in shares of OneMain in the 4th quarter worth $100,312,000. Bank of New York Mellon Corp bought a new position in shares of OneMain in the 2nd quarter worth $63,980,000. Janus Henderson Group PLC boosted its position in shares of OneMain by 70.4% in the 4th quarter. Janus Henderson Group PLC now owns 2,534,271 shares of the financial services provider’s stock worth $171,210,000 after purchasing an additional 1,047,263 shares during the last quarter. Finally, Azora Capital LP grew its stake in shares of OneMain by 210.7% during the fourth quarter. Azora Capital LP now owns 1,362,934 shares of the financial services provider’s stock worth $92,066,000 after purchasing an additional 924,302 shares during the period. 85.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on OMF. Barclays dropped their price objective on OneMain from $61.00 to $60.00 and set an “equal weight” rating for the company in a report on Tuesday, July 7th. Citizens Jmp boosted their target price on OneMain from $68.00 to $70.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 30th. TD Cowen upped 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. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of OneMain in a report on Friday, July 10th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of OneMain in a research report on Thursday, July 30th. Eight 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $68.40.

OneMain Stock Performance

Shares of OneMain stock opened at $63.26 on Monday. The firm has a market cap of $7.28 billion, a PE ratio of 9.53, a P/E/G ratio of 0.48 and a beta of 1.21. The business’s 50 day simple moving average is $61.24 and its 200 day simple moving average is $57.56. OneMain Holdings, Inc. has a 52-week low of $45.78 and a 52-week high of $71.93.

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

OneMain Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 10th were given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend was Monday, August 10th. OneMain’s payout ratio is currently 63.25%.

Insider Buying and Selling at OneMain

In related news, COO Micah R. Conrad sold 5,000 shares of the stock in a transaction on Monday, June 29th. The shares were sold at an average price of $62.00, for a total transaction of $310,000.00. Following the completion of the transaction, the chief operating officer owned 96,250 shares in the company, valued at approximately $5,967,500. This represents a 4.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Michael A. Hedlund sold 2,500 shares of the firm’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $64.00, for a total transaction of $160,000.00. Following the completion of the transaction, the senior vice president directly owned 10,627 shares of the company’s stock, valued at approximately $680,128. This trade represents a 19.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 14,348 shares of company stock valued at $911,576 in the last 90 days. 0.29% of the stock is currently owned by corporate insiders.

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.