Dynamic Technology Lab Private Ltd Buys 17,129 Shares of OneMain Holdings, Inc. $OMF

Dynamic Technology Lab Private Ltd grew its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 253.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,879 shares of the financial services provider’s stock after purchasing an additional 17,129 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in OneMain were worth $1,348,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Root Financial Partners LLC bought a new stake in OneMain during the 3rd quarter valued at $26,000. Activest Wealth Management grew its holdings in OneMain by 1,102.1% in the 3rd quarter. Activest Wealth Management now owns 577 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 529 shares during the last quarter. Bayforest Capital Ltd increased its position in shares of OneMain by 591.8% in the third quarter. Bayforest Capital Ltd now owns 671 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 574 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in shares of OneMain by 57.5% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 718 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 262 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of OneMain by 79.4% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 820 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 363 shares during the last quarter. Institutional investors own 85.82% of the company’s stock.

Insider Activity at OneMain

In related news, COO Micah R. Conrad sold 5,000 shares of the company’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $58.00, for a total value of $290,000.00. Following the sale, the chief operating officer directly owned 106,250 shares of the company’s stock, valued at $6,162,500. This represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas H. Shulman sold 57,500 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $68.41, for a total value of $3,933,575.00. Following the completion of the transaction, the chief executive officer owned 174,100 shares of the company’s stock, valued at approximately $11,910,181. This trade represents a 24.83% decrease in their position. The SEC filing for this sale provides additional information. 0.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Evercore set a $75.00 target price on shares of OneMain in a report on Tuesday, January 6th. Truist Financial reduced their price target on OneMain from $75.00 to $73.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Royal Bank Of Canada upped their price target on OneMain from $70.00 to $73.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. Citizens Jmp set a $68.00 price objective on OneMain in a report on Monday, November 24th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of OneMain in a research report on Monday, December 29th. Eight analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, OneMain has an average rating of “Moderate Buy” and an average target price of $72.11.

OneMain Trading Down 3.0%

Shares of OMF opened at $53.37 on Monday. OneMain Holdings, Inc. has a 1-year low of $38.00 and a 1-year high of $71.93. The firm’s 50-day moving average price is $62.48 and its 200-day moving average price is $61.24. The firm has a market capitalization of $6.25 billion, a price-to-earnings ratio of 8.12, a PEG ratio of 0.31 and a beta of 1.34.

OneMain (NYSE:OMF) last released its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.04. OneMain had a net margin of 14.35% and a return on equity of 23.76%. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the firm earned $1.16 earnings per share. On average, research analysts forecast that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 23rd. Shareholders of record on Tuesday, February 17th were issued a dividend of $1.05 per share. The ex-dividend date was Tuesday, February 17th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 7.9%. OneMain’s dividend payout ratio is 63.93%.

About OneMain

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.