Strs Ohio Buys New Shares in OneMain Holdings, Inc. $OMF

Strs Ohio purchased a new position in shares of OneMain Holdings, Inc. (NYSE:OMF) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 33,063 shares of the financial services provider’s stock, valued at approximately $1,616,000.

Other large investors have also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management bought a new stake in OneMain in the 1st quarter valued at about $27,000. SVB Wealth LLC bought a new position in shares of OneMain in the first quarter worth about $34,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in OneMain in the first quarter valued at approximately $42,000. Headlands Technologies LLC acquired a new position in OneMain in the 1st quarter worth about $46,000. Finally, GAMMA Investing LLC increased its stake in shares of OneMain by 191.9% in the first quarter. GAMMA Investing LLC now owns 1,007 shares of the financial services provider’s stock valued at $49,000 after buying an additional 662 shares during the period. Institutional investors own 85.82% of the company’s stock.

Insiders Place Their Bets

In other news, COO Micah R. Conrad sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $60.00, for a total value of $180,000.00. Following the completion of the transaction, the chief operating officer owned 98,007 shares in the company, valued at $5,880,420. This trade represents a 2.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas H. Shulman sold 35,000 shares of the business’s stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $59.47, for a total transaction of $2,081,450.00. Following the sale, the chief executive officer directly owned 275,100 shares in the company, valued at $16,360,197. The trade was a 11.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 45,000 shares of company stock valued at $2,664,140 over the last quarter. 0.40% of the stock is currently owned by company insiders.

OneMain Stock Performance

NYSE:OMF opened at $60.57 on Wednesday. The firm has a 50-day moving average price of $58.97 and a two-hundred day moving average price of $53.21. OneMain Holdings, Inc. has a 52 week low of $38.00 and a 52 week high of $63.24. The firm has a market cap of $7.20 billion, a price-to-earnings ratio of 10.93, a price-to-earnings-growth ratio of 0.48 and a beta of 1.30.

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

OneMain Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 13th. Investors of record on Monday, August 4th were given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 6.9%. The ex-dividend date was Monday, August 4th. OneMain’s dividend payout ratio (DPR) is presently 75.09%.

Analyst Ratings Changes

Several analysts recently commented on OMF shares. JPMorgan Chase & Co. upped their target price on OneMain from $50.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Barclays upped their price target on shares of OneMain from $48.00 to $56.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 8th. Finally, Wells Fargo & Company began coverage on OneMain in a research note on Monday, August 25th. They issued an “equal weight” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $61.50.

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.