OneMain Holdings, Inc. (NYSE:OMF) Shares Sold by Algert Global LLC

Algert Global LLC lessened its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 1.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 126,612 shares of the financial services provider’s stock after selling 2,221 shares during the period. Algert Global LLC owned approximately 0.11% of OneMain worth $6,139,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Long Focus Capital Management LLC increased its holdings in shares of OneMain by 3.6% in the 2nd quarter. Long Focus Capital Management LLC now owns 285,000 shares of the financial services provider’s stock valued at $13,820,000 after purchasing an additional 10,000 shares in the last quarter. AQR Capital Management LLC increased its holdings in OneMain by 19.5% in the second quarter. AQR Capital Management LLC now owns 678,499 shares of the financial services provider’s stock valued at $32,900,000 after buying an additional 110,862 shares in the last quarter. AXA S.A. acquired a new stake in shares of OneMain during the 2nd quarter valued at approximately $615,000. Abich Financial Wealth Management LLC boosted its stake in shares of OneMain by 27.4% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,227 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 264 shares in the last quarter. Finally, Caxton Associates LP grew its holdings in shares of OneMain by 245.1% in the 2nd quarter. Caxton Associates LP now owns 16,070 shares of the financial services provider’s stock worth $779,000 after acquiring an additional 11,413 shares during the period. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on OMF shares. Barclays lowered their target price on OneMain from $55.00 to $52.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. BTIG Research started coverage on shares of OneMain in a report on Friday, June 7th. They set a “neutral” rating for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $60.00 price target on shares of OneMain in a report on Tuesday, September 17th. JMP Securities reissued a “market outperform” rating and set a $60.00 price objective on shares of OneMain in a research note on Tuesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on OneMain from $64.00 to $61.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $55.25.

Insider Activity at OneMain

In other news, COO Micah R. Conrad sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $45.75, for a total value of $114,375.00. Following the transaction, the chief operating officer now directly owns 117,025 shares in the company, valued at approximately $5,353,893.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other OneMain news, COO Micah R. Conrad sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $45.75, for a total transaction of $114,375.00. Following the completion of the sale, the chief operating officer now directly owns 117,025 shares in the company, valued at $5,353,893.75. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Michael A. Hedlund sold 2,400 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $46.00, for a total transaction of $110,400.00. Following the completion of the transaction, the senior vice president now directly owns 25,747 shares in the company, valued at approximately $1,184,362. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,300 shares of company stock worth $1,534,275. 0.45% of the stock is owned by insiders.

OneMain Trading Up 0.8 %

Shares of NYSE:OMF opened at $46.85 on Monday. OneMain Holdings, Inc. has a 12-month low of $35.00 and a 12-month high of $54.94. The stock’s 50-day moving average price is $47.70 and its two-hundred day moving average price is $48.71. The firm has a market cap of $5.61 billion, a price-to-earnings ratio of 9.13, a PEG ratio of 0.81 and a beta of 1.56.

OneMain (NYSE:OMF) last released its earnings results on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.12. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $918.74 million. OneMain had a net margin of 12.33% and a return on equity of 20.63%. During the same period in the previous year, the firm earned $1.01 earnings per share. As a group, research analysts forecast that OneMain Holdings, Inc. will post 5.11 earnings per share for the current fiscal year.

OneMain Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 12th were given a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 8.88%. The ex-dividend date was Monday, August 12th. OneMain’s dividend payout ratio (DPR) is currently 81.09%.

OneMain Profile

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.