Concurrent Investment Advisors LLC Increases Stock Position in OneMain Holdings, Inc. (NYSE:OMF)

Concurrent Investment Advisors LLC grew its position in OneMain Holdings, Inc. (NYSE:OMF) by 67.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,185 shares of the financial services provider’s stock after purchasing an additional 3,704 shares during the period. Concurrent Investment Advisors LLC’s holdings in OneMain were worth $445,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Clearbridge Investments LLC raised its holdings in shares of OneMain by 64.8% in the first quarter. Clearbridge Investments LLC now owns 1,890,017 shares of the financial services provider’s stock valued at $96,561,000 after purchasing an additional 743,034 shares during the last quarter. Brave Warrior Advisors LLC raised its holdings in shares of OneMain by 21.1% in the fourth quarter. Brave Warrior Advisors LLC now owns 6,416,800 shares of the financial services provider’s stock valued at $315,707,000 after purchasing an additional 1,118,166 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in OneMain during the fourth quarter worth about $9,139,000. Swedbank AB purchased a new stake in OneMain during the first quarter worth about $817,000. Finally, Argent Capital Management LLC increased its holdings in OneMain by 33.6% during the second quarter. Argent Capital Management LLC now owns 672,952 shares of the financial services provider’s stock worth $32,631,000 after buying an additional 169,339 shares during the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Insider Activity

In other news, SVP Michael A. Hedlund sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $48.10, for a total value of $144,300.00. Following the completion of the transaction, the senior vice president now directly owns 28,147 shares in the company, valued at $1,353,870.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other OneMain news, SVP Michael A. Hedlund sold 3,000 shares of OneMain stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $48.10, for a total transaction of $144,300.00. Following the completion of the sale, the senior vice president now directly owns 28,147 shares in the company, valued at $1,353,870.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Micah R. Conrad sold 1,614 shares of OneMain stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $50.00, for a total transaction of $80,700.00. Following the sale, the chief operating officer now owns 110,411 shares of the company’s stock, valued at $5,520,550. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,614 shares of company stock worth $1,153,875. 0.45% of the stock is owned by company insiders.

Analysts Set New Price Targets

OMF has been the subject of a number of research analyst reports. Barclays decreased their price objective on shares of OneMain from $55.00 to $52.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. JPMorgan Chase & Co. raised their price objective on shares of OneMain from $52.00 to $54.00 and gave the stock an “overweight” rating in a report on Monday, July 8th. Northland Securities raised their price objective on shares of OneMain from $53.00 to $55.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. Finally, BTIG Research started coverage on shares of OneMain in a research note on Friday, June 7th. They issued a “neutral” rating for the company. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $54.83.

OneMain Trading Down 1.9 %

OMF stock opened at $48.49 on Wednesday. The firm has a 50 day moving average of $48.70 and a 200-day moving average of $48.83. OneMain Holdings, Inc. has a 12 month low of $35.00 and a 12 month high of $54.94. The firm has a market capitalization of $5.81 billion, a P/E ratio of 9.45, a price-to-earnings-growth ratio of 0.77 and a beta of 1.58.

OneMain (NYSE:OMF) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.12. OneMain had a net margin of 12.33% and a return on equity of 20.63%. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $918.74 million. During the same period last year, the business earned $1.01 earnings per share. Sell-side analysts predict that OneMain Holdings, Inc. will post 5.25 EPS for the current year.

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 12th were given a $1.04 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.58%. OneMain’s dividend payout ratio (DPR) is currently 81.09%.

About OneMain

OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses in the United States. It originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit cards; optional credit insurance products, including life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.