Public Employees Retirement System of Ohio Purchases 2,226 Shares of OneMain Holdings, Inc. $OMF

Public Employees Retirement System of Ohio increased its stake in OneMain Holdings, Inc. (NYSE:OMF) by 5.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,740 shares of the financial services provider’s stock after buying an additional 2,226 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in OneMain were worth $2,265,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Kingstone Capital Partners Texas LLC purchased a new stake in OneMain in the second quarter worth $611,102,000. Nuveen LLC purchased a new stake in OneMain in the first quarter worth $48,282,000. Cooperman Leon G increased its stake in OneMain by 187.7% in the first quarter. Cooperman Leon G now owns 889,000 shares of the financial services provider’s stock worth $43,454,000 after purchasing an additional 580,000 shares during the period. Fiduciary Management Inc. WI increased its stake 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 purchasing an additional 474,161 shares during the period. Finally, Certuity LLC increased its stake in 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 period. 85.82% of the stock is currently owned by institutional investors.

OneMain Price Performance

Shares of OMF stock opened at $56.38 on Friday. The company has a market cap of $6.70 billion, a P/E ratio of 10.18, a PEG ratio of 0.43 and a beta of 1.32. The stock’s 50-day moving average is $59.14 and its 200 day moving average is $54.06. OneMain Holdings, Inc. has a 1-year low of $38.00 and a 1-year high of $63.24.

OneMain (NYSE:OMF) last issued its quarterly earnings results on Friday, July 25th. The financial services provider reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.20. The business had revenue of $1.20 billion during 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 company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the company earned $1.02 earnings per share. On average, analysts anticipate that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Announces Dividend

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

Wall Street Analysts Forecast Growth

OMF has been the topic of a number of recent analyst reports. Wells Fargo & Company began coverage on OneMain in a research note on Monday, August 25th. They issued an “equal weight” rating on the stock. JPMorgan Chase & Co. raised their price target on OneMain from $50.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. Finally, Barclays raised their price target on OneMain from $48.00 to $56.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 8th. One 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $61.50.

Insiders Place Their Bets

In other OneMain news, CEO Douglas H. Shulman sold 35,000 shares of the firm’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 completion of the sale, the chief executive officer owned 275,100 shares of the company’s stock, valued at approximately $16,360,197. This trade represents a 11.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.40% of the company’s stock.

OneMain 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.