OneMain Holdings, Inc. (NYSE:OMF) Stock Position Cut by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its stake in OneMain Holdings, Inc. (NYSE:OMF) by 0.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,400,784 shares of the financial services provider’s stock after selling 8,060 shares during the period. Charles Schwab Investment Management Inc. owned 1.18% of OneMain worth $68,470,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of OMF. Envestnet Asset Management Inc. lifted its holdings in OneMain by 3.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 79,782 shares of the financial services provider’s stock valued at $4,159,000 after acquiring an additional 2,380 shares during the last quarter. Bank of Montreal Can lifted its holdings in OneMain by 17.1% in the 4th quarter. Bank of Montreal Can now owns 21,217 shares of the financial services provider’s stock valued at $1,106,000 after acquiring an additional 3,095 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in OneMain by 27.9% in the 4th quarter. Renaissance Technologies LLC now owns 167,100 shares of the financial services provider’s stock valued at $8,711,000 after acquiring an additional 36,400 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in OneMain in the 4th quarter valued at about $2,075,000. Finally, Sterling Capital Management LLC lifted its holdings in OneMain by 56.7% in the 4th quarter. Sterling Capital Management LLC now owns 6,743 shares of the financial services provider’s stock valued at $352,000 after acquiring an additional 2,439 shares during the last quarter. 85.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

OMF has been the subject of a number of analyst reports. Barclays upped their price objective on shares of OneMain from $48.00 to $56.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 8th. Wells Fargo & Company upped their price objective on shares of OneMain from $53.00 to $60.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 15th. JPMorgan Chase & Co. upped their price objective on shares of OneMain from $50.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $65.00 price objective on shares of OneMain in a research note on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $61.50.

OneMain Price Performance

Shares of OMF opened at $58.50 on Friday. The company has a market capitalization of $6.95 billion, a price-to-earnings ratio of 10.56, a P/E/G ratio of 0.45 and a beta of 1.29. OneMain Holdings, Inc. has a fifty-two week low of $38.00 and a fifty-two week high of $60.33. The business’s 50-day moving average is $56.62 and its 200-day moving average is $52.45.

OneMain (NYSE:OMF) last issued its earnings results on Friday, July 25th. The financial services provider reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.20. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. OneMain had a return on equity of 20.65% and a net margin of 12.63%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.02 EPS. Equities research analysts expect that OneMain Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 13th. Stockholders of record on Monday, August 4th were issued a $1.04 dividend. The ex-dividend date was Monday, August 4th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.1%. OneMain’s dividend payout ratio is currently 75.09%.

Insider Transactions at OneMain

In other news, CEO Douglas H. Shulman sold 35,000 shares of the company’s stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $59.47, for a total value of $2,081,450.00. Following the transaction, the chief executive officer owned 275,100 shares in the company, valued at $16,360,197. This represents a 11.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Micah R. Conrad sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $52.21, for a total value of $261,050.00. Following the completion of the transaction, the chief operating officer owned 108,007 shares in the company, valued at $5,639,045.47. This represents a 4.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 70,000 shares of company stock worth $3,976,390 in the last quarter. 0.40% of the stock is owned by corporate insiders.

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.