Farther Finance Advisors LLC Purchases 1,226 Shares of OneMain Holdings, Inc. $OMF

Farther Finance Advisors LLC grew its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 73.4% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 2,896 shares of the financial services provider’s stock after acquiring an additional 1,226 shares during the quarter. Farther Finance Advisors LLC’s holdings in OneMain were worth $165,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of OMF. Kingstone Capital Partners Texas LLC acquired a new position in shares of OneMain during the 2nd quarter worth $611,102,000. Nuveen LLC bought a new stake in shares of OneMain during the 1st quarter valued at about $48,282,000. Cooperman Leon G boosted its position in shares of OneMain by 187.7% during the 1st quarter. Cooperman Leon G now owns 889,000 shares of the financial services provider’s stock valued at $43,454,000 after purchasing an additional 580,000 shares in the last quarter. Fiduciary Management Inc. WI boosted its holdings in OneMain by 21.8% in the first quarter. Fiduciary Management Inc. WI now owns 2,647,875 shares of the financial services provider’s stock worth $129,428,000 after acquiring an additional 474,161 shares in the last quarter. Finally, Certuity LLC raised its stake in shares of OneMain by 86.0% in the first quarter. Certuity LLC now owns 930,012 shares of the financial services provider’s stock worth $45,459,000 after purchasing an additional 430,011 shares during the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

OneMain Trading Up 1.0%

Shares of OMF opened at $56.38 on Friday. The firm has a market cap of $6.70 billion, a PE ratio of 10.18, a P/E/G ratio of 0.43 and a beta of 1.32. OneMain Holdings, Inc. has a 1-year low of $38.00 and a 1-year high of $63.24. The firm has a fifty day simple moving average of $59.14 and a two-hundred day simple moving average of $54.06.

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

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 13th. Shareholders of record on Monday, August 4th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend was Monday, August 4th. OneMain’s dividend payout ratio is 75.09%.

Insider Activity at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 35,000 shares of the stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $59.47, for a total transaction of $2,081,450.00. Following the completion of the transaction, the chief executive officer owned 275,100 shares of the company’s stock, valued at $16,360,197. This represents a 11.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

OMF has been the subject of a number of research analyst reports. Barclays increased their price target on OneMain from $48.00 to $56.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. lifted their price objective on OneMain from $50.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. Finally, Wells Fargo & Company assumed coverage on OneMain in a report on Monday, August 25th. They set an “equal weight” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.50.

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.