Deutsche Bank AG Has $1.89 Million Stock Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Deutsche Bank AG reduced its position in OneMain Holdings, Inc. (NYSE:OMF) by 1.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 36,291 shares of the financial services provider’s stock after selling 580 shares during the period. Deutsche Bank AG’s holdings in OneMain were worth $1,892,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Crestline Management LP bought a new stake in OneMain in the fourth quarter valued at approximately $2,564,000. Cetera Investment Advisers increased its holdings in shares of OneMain by 5.6% during the 4th quarter. Cetera Investment Advisers now owns 30,889 shares of the financial services provider’s stock worth $1,610,000 after acquiring an additional 1,631 shares during the last quarter. Bramshill Investments LLC bought a new stake in OneMain in the 4th quarter valued at $715,000. Brave Warrior Advisors LLC lifted its holdings in OneMain by 0.5% during the 4th quarter. Brave Warrior Advisors LLC now owns 7,437,670 shares of the financial services provider’s stock valued at $387,726,000 after purchasing an additional 35,448 shares during the last quarter. Finally, Caxton Associates LP lifted its holdings in OneMain by 255.7% during the 4th quarter. Caxton Associates LP now owns 20,825 shares of the financial services provider’s stock valued at $1,086,000 after purchasing an additional 14,971 shares during the last quarter. Institutional investors own 85.82% of the company’s stock.

Insider Buying and Selling at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 25,000 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $47.49, for a total transaction of $1,187,250.00. Following the sale, the chief executive officer now directly owns 343,925 shares in the company, valued at $16,332,998.25. This represents a 6.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.40% of the company’s stock.

OneMain Stock Down 0.3%

Shares of NYSE:OMF opened at $50.18 on Friday. OneMain Holdings, Inc. has a 12-month low of $38.00 and a 12-month high of $58.90. The company’s 50 day moving average price is $47.86 and its two-hundred day moving average price is $51.96. The firm has a market cap of $5.97 billion, a PE ratio of 11.83, a PEG ratio of 0.44 and a beta of 1.28.

OneMain (NYSE:OMF) last issued its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.17. The business had revenue of $188.00 million during the quarter, compared to analysts’ expectations of $1.16 billion. OneMain had a return on equity of 18.39% and a net margin of 10.19%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.45 earnings per share. On average, research analysts expect that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were issued a $1.04 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $4.16 annualized dividend and a yield of 8.29%. OneMain’s dividend payout ratio is presently 87.95%.

Analysts Set New Price Targets

Several equities analysts have commented on OMF shares. JPMorgan Chase & Co. decreased their price objective on shares of OneMain from $58.00 to $46.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Northland Securities raised shares of OneMain from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 8th. Barclays set a $56.00 price target on shares of OneMain in a report on Friday, March 14th. Northland Capmk upgraded shares of OneMain from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company reduced their price objective on OneMain from $57.00 to $53.00 and set an “equal weight” rating for the company in a report on Wednesday, April 30th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, OneMain has an average rating of “Moderate Buy” and an average price target of $58.40.

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.