Blue Trust Inc. Raises Position in OneMain Holdings, Inc. (NYSE:OMF)

Blue Trust Inc. lifted its stake in OneMain Holdings, Inc. (NYSE:OMF) by 64.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,219 shares of the financial services provider’s stock after purchasing an additional 476 shares during the period. Blue Trust Inc.’s holdings in OneMain were worth $59,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. EdgeRock Capital LLC bought a new position in OneMain in the 2nd quarter worth approximately $31,000. International Assets Investment Management LLC bought a new position in shares of OneMain during the second quarter worth $34,000. Abich Financial Wealth Management LLC grew its stake in OneMain by 46.1% during the first quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 304 shares in the last quarter. UMB Bank n.a. increased its holdings in OneMain by 32.6% in the 2nd quarter. UMB Bank n.a. now owns 1,779 shares of the financial services provider’s stock valued at $86,000 after acquiring an additional 437 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in OneMain by 13.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,276 shares of the financial services provider’s stock worth $110,000 after purchasing an additional 271 shares in the last quarter. 85.82% of the stock is owned by institutional investors.

OneMain Trading Down 4.3 %

OMF opened at $49.70 on Friday. OneMain Holdings, Inc. has a 12 month low of $35.53 and a 12 month high of $54.94. The stock has a fifty day moving average price of $47.08 and a 200-day moving average price of $48.32. The firm has a market cap of $5.95 billion, a price-to-earnings ratio of 9.71, a PEG ratio of 0.89 and a beta of 1.56.

OneMain (NYSE:OMF) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.02 EPS for the quarter, beating the consensus estimate of $0.90 by $0.12. OneMain had a net margin of 12.33% and a return on equity of 20.63%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $918.74 million. During the same period in the prior year, the firm posted $1.01 earnings per share. On average, equities research analysts forecast that OneMain Holdings, Inc. will post 4.91 EPS for the current year.

OneMain Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th will be given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.37%. The ex-dividend date of this dividend is Tuesday, November 12th. OneMain’s payout ratio is presently 81.09%.

Insider Activity

In related news, COO Micah R. Conrad sold 886 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $50.00, for a total transaction of $44,300.00. Following the transaction, the chief operating officer now directly owns 104,739 shares in the company, valued at $5,236,950. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, COO Micah R. Conrad sold 2,500 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $45.75, for a total value of $114,375.00. Following the completion of the transaction, the chief operating officer now owns 117,025 shares in the company, valued at $5,353,893.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Micah R. Conrad sold 886 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $50.00, for a total value of $44,300.00. Following the sale, the chief operating officer now owns 104,739 shares in the company, valued at approximately $5,236,950. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,300 shares of company stock worth $1,534,275. Insiders own 0.45% of the company’s stock.

Wall Street Analyst Weigh In

OMF has been the topic of several research reports. Northland Securities lifted their target price on OneMain from $53.00 to $55.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft cut their price objective on shares of OneMain from $64.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. StockNews.com downgraded OneMain from a “buy” rating to a “hold” rating in a report on Saturday, October 26th. Barclays lowered shares of OneMain from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $52.00 to $46.00 in a report on Tuesday, October 8th. Finally, Wells Fargo & Company upped their target price on shares of OneMain from $49.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Thursday. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.08.

OneMain Company 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.