OneMain Holdings, Inc. $OMF Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC lowered its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 54.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,986 shares of the financial services provider’s stock after selling 15,582 shares during the quarter. Squarepoint Ops LLC’s holdings in OneMain were worth $740,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of OMF. Kingstone Capital Partners Texas LLC purchased a new stake in OneMain during the 2nd quarter worth approximately $611,102,000. Brave Warrior Advisors LLC lifted its stake in shares of OneMain by 7.2% during the second quarter. Brave Warrior Advisors LLC now owns 7,870,085 shares of the financial services provider’s stock worth $448,595,000 after buying an additional 526,449 shares during the period. Geode Capital Management LLC grew its holdings in shares of OneMain by 0.7% during the second quarter. Geode Capital Management LLC now owns 2,276,830 shares of the financial services provider’s stock valued at $130,075,000 after buying an additional 16,469 shares during the last quarter. State Street Corp increased its position in shares of OneMain by 4.0% in the 2nd quarter. State Street Corp now owns 2,162,097 shares of the financial services provider’s stock valued at $123,240,000 after acquiring an additional 82,204 shares during the period. Finally, Norges Bank acquired a new position in shares of OneMain in the 2nd quarter valued at $85,541,000. 85.82% of the stock is owned by hedge funds and other institutional investors.

OneMain Trading Down 0.7%

Shares of NYSE:OMF opened at $68.66 on Wednesday. OneMain Holdings, Inc. has a 12-month low of $38.00 and a 12-month high of $70.17. The business has a 50 day moving average of $61.22 and a two-hundred day moving average of $58.98. The company has a market capitalization of $8.08 billion, a PE ratio of 11.64, a PEG ratio of 0.46 and a beta of 1.38.

OneMain (NYSE:OMF) last posted its earnings results on Friday, October 31st. The financial services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.32. OneMain had a net margin of 13.15% and a return on equity of 22.70%. The firm had revenue of $747.00 million during the quarter, compared to analyst estimates of $1.24 billion. During the same period in the previous year, the firm earned $1.31 EPS. Equities research analysts predict that OneMain Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

OneMain Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 10th were given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 6.1%. This is an increase from OneMain’s previous quarterly dividend of $1.04. The ex-dividend date was Monday, November 10th. OneMain’s payout ratio is currently 71.19%.

Analysts Set New Price Targets

OMF has been the subject of a number of research reports. Citigroup reaffirmed a “market outperform” rating on shares of OneMain in a research report on Monday, November 24th. JMP Securities set a $68.00 target price on OneMain in a report on Monday, November 24th. Weiss Ratings reiterated a “buy (b-)” rating on shares of OneMain in a report on Monday. Citizens Jmp decreased their price objective on shares of OneMain from $70.00 to $68.00 and set a “market outperform” rating for the company in a research note on Monday, November 24th. Finally, Royal Bank Of Canada upped their price objective on shares of OneMain from $68.00 to $70.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $64.00.

Insider Transactions at OneMain

In other news, CEO Douglas H. Shulman sold 35,000 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $59.54, for a total transaction of $2,083,900.00. Following the sale, the chief executive officer directly owned 231,600 shares of the company’s stock, valued at $13,789,464. This represents a 13.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Micah R. Conrad sold 5,000 shares of OneMain stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $59.20, for a total value of $296,000.00. Following the completion of the transaction, the chief operating officer owned 88,221 shares of the company’s stock, valued at approximately $5,222,683.20. This represents a 5.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 40,652 shares of company stock valued at $2,420,324 in the last ninety days. 0.40% of the stock is currently owned by corporate insiders.

OneMain Company Profile

OneMain Financial (NYSE: OMF) is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.

Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.