OneMain Holdings, Inc. $OMF Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP raised its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 10.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 284,586 shares of the financial services provider’s stock after buying an additional 27,371 shares during the period. Wellington Management Group LLP’s holdings in OneMain were worth $17,351,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of OMF. Csenge Advisory Group lifted its position in shares of OneMain by 4.1% during the 4th quarter. Csenge Advisory Group now owns 4,239 shares of the financial services provider’s stock valued at $286,000 after acquiring an additional 167 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of OneMain by 4.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,075 shares of the financial services provider’s stock worth $275,000 after acquiring an additional 174 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of OneMain by 9.1% during the second quarter. Geneos Wealth Management Inc. now owns 2,112 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 176 shares during the period. New York State Teachers Retirement System raised its position in shares of OneMain by 1.7% during the first quarter. New York State Teachers Retirement System now owns 11,131 shares of the financial services provider’s stock worth $595,000 after purchasing an additional 189 shares during the period. Finally, Generali Asset Management SPA SGR lifted its holdings in shares of OneMain by 5.9% during the fourth quarter. Generali Asset Management SPA SGR now owns 3,413 shares of the financial services provider’s stock valued at $231,000 after purchasing an additional 190 shares during the last quarter. Institutional investors own 85.82% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on OMF. Weiss Ratings reiterated a “buy (b-)” rating on shares of OneMain in a research report on Tuesday, July 7th. Citigroup restated a “market outperform” rating on shares of OneMain in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of OneMain in a research note on Friday, July 10th. TD Cowen raised their target price on shares of OneMain from $66.00 to $68.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Finally, Evercore set a $66.00 target price on shares of OneMain in a research report on Monday, July 6th. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, OneMain currently has an average rating of “Moderate Buy” and an average price target of $68.40.

OneMain Price Performance

NYSE:OMF opened at $64.60 on Monday. OneMain Holdings, Inc. has a fifty-two week low of $45.78 and a fifty-two week high of $71.93. The stock’s 50-day moving average is $62.19 and its two-hundred day moving average is $57.74. The stock has a market cap of $7.43 billion, a PE ratio of 9.73, a price-to-earnings-growth ratio of 0.50 and a beta of 1.22.

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

OneMain Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 10th were given a $1.05 dividend. The ex-dividend date was Monday, August 10th. This represents a $4.20 dividend on an annualized basis and a yield of 6.5%. OneMain’s dividend payout ratio is presently 63.25%.

Insiders Place Their Bets

In other news, COO Micah Conrad sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $65.40, for a total value of $327,000.00. Following the transaction, the chief operating officer directly owned 91,250 shares of the company’s stock, valued at approximately $5,967,750. This represents a 5.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Michael Hedlund sold 2,500 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $64.00, for a total value of $160,000.00. Following the sale, the senior vice president owned 10,627 shares of the company’s stock, valued at approximately $680,128. This represents a 19.04% decrease in their ownership of the stock. 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 a total of 14,348 shares of company stock valued at $911,576 in the last three months. Company insiders own 0.29% of the company’s stock.

OneMain 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.