Creative Planning Has $3.12 Million Stock Position in OneMain Holdings, Inc. $OMF

Creative Planning lessened its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 6.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,685 shares of the financial services provider’s stock after selling 3,547 shares during the quarter. Creative Planning’s holdings in OneMain were worth $3,117,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Kingstone Capital Partners Texas LLC bought a new position in OneMain in the second quarter worth $611,102,000. Dimensional Fund Advisors LP raised its stake in shares of OneMain by 7.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,736,070 shares of the financial services provider’s stock valued at $182,610,000 after buying an additional 256,308 shares in the last quarter. Fiduciary Management Inc. WI lifted its holdings in shares of OneMain by 21.8% during the 1st 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 during the period. Geode Capital Management LLC lifted its holdings in shares of OneMain by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 2,276,830 shares of the financial services provider’s stock worth $130,075,000 after acquiring an additional 16,469 shares during the period. Finally, Royal Bank of Canada boosted its position in shares of OneMain by 11.1% during the 1st quarter. Royal Bank of Canada now owns 1,000,775 shares of the financial services provider’s stock valued at $48,919,000 after acquiring an additional 99,599 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors.

OneMain Price Performance

Shares of OMF opened at $59.82 on Monday. The company has a market capitalization of $7.04 billion, a P/E ratio of 10.80, a PEG ratio of 0.45 and a beta of 1.37. OneMain Holdings, Inc. has a one year low of $38.00 and a one year high of $63.24. The business’s 50 day simple moving average is $57.79 and its 200-day simple moving average is $56.82.

OneMain (NYSE:OMF) last released its quarterly earnings results on Friday, October 31st. The financial services provider reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.32. The firm had revenue of $747.00 million during the quarter, compared to analysts’ expectations of $1.24 billion. OneMain had a return on equity of 20.65% and a net margin of 12.63%.During the same period last year, the firm posted $1.31 EPS. On average, sell-side analysts anticipate that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 10th were issued a $1.05 dividend. This is a positive change from OneMain’s previous quarterly dividend of $1.04. This represents a $4.20 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date of this dividend was Monday, November 10th. OneMain’s dividend payout ratio (DPR) is presently 71.19%.

Analyst Ratings Changes

Several research analysts recently issued reports on OMF shares. Citigroup reissued an “outperform” rating on shares of OneMain in a research report on Monday, November 3rd. Wall Street Zen raised OneMain from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Royal Bank Of Canada raised their target price on OneMain from $68.00 to $70.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of OneMain in a research report on Thursday. Finally, JPMorgan Chase & Co. increased their price objective on OneMain from $57.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $63.13.

Insider Activity

In other OneMain news, CEO Douglas H. Shulman sold 35,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $59.54, for a total value of $2,083,900.00. Following the completion of the transaction, the chief executive officer directly owned 231,600 shares of the company’s stock, valued at approximately $13,789,464. The trade was a 13.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Micah R. Conrad sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $59.20, for a total transaction of $296,000.00. Following the transaction, the chief operating officer owned 88,221 shares in the company, valued at $5,222,683.20. The trade was a 5.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.40% of the stock is owned by corporate insiders.

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.