First Trust Advisors LP Sells 98,243 Shares of OneMain Holdings, Inc. $OMF

First Trust Advisors LP decreased its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 9.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 946,306 shares of the financial services provider’s stock after selling 98,243 shares during the period. First Trust Advisors LP owned about 0.82% of OneMain worth $50,618,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of OMF. Csenge Advisory Group lifted its stake in OneMain by 4.1% during the 4th quarter. Csenge Advisory Group now owns 4,239 shares of the financial services provider’s stock valued at $286,000 after acquiring an additional 167 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in OneMain by 4.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,075 shares of the financial services provider’s stock worth $275,000 after acquiring an additional 174 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of OneMain by 9.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,112 shares of the financial services provider’s stock worth $120,000 after acquiring an additional 176 shares in the last quarter. New York State Teachers Retirement System grew its stake in shares of OneMain by 1.7% in the 1st quarter. New York State Teachers Retirement System now owns 11,131 shares of the financial services provider’s stock worth $595,000 after acquiring an additional 189 shares in the last quarter. Finally, Generali Asset Management SPA SGR raised its holdings in shares of OneMain by 5.9% in the fourth quarter. Generali Asset Management SPA SGR now owns 3,413 shares of the financial services provider’s stock valued at $231,000 after purchasing an additional 190 shares during the last quarter. Institutional investors own 85.82% of the company’s stock.

Insider Activity at OneMain

In related news, SVP Michael A. Hedlund sold 1,848 shares of OneMain stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $62.00, for a total value of $114,576.00. Following the sale, the senior vice president owned 13,127 shares of the company’s stock, valued at approximately $813,874. The trade was a 12.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Micah R. Conrad sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $62.00, for a total value of $310,000.00. Following the completion of the transaction, the chief operating officer owned 96,250 shares in the company, valued at approximately $5,967,500. The trade was a 4.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.29% of the company’s stock.

OneMain Stock Performance

Shares of NYSE:OMF opened at $59.72 on Monday. The company has a market capitalization of $6.90 billion, a P/E ratio of 8.89, a price-to-earnings-growth ratio of 0.46 and a beta of 1.22. The company’s 50-day moving average is $57.44 and its 200 day moving average is $57.90. OneMain Holdings, Inc. has a fifty-two week low of $45.78 and a fifty-two week high of $71.93.

OneMain (NYSE:OMF) last posted its quarterly earnings data on Friday, May 1st. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.09. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.27 billion. OneMain had a net margin of 14.38% and a return on equity of 24.24%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.72 earnings per share. As a group, research analysts predict that OneMain Holdings, Inc. will post 7.14 earnings per share for the current year.

OneMain Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 11th were paid a dividend of $1.05 per share. The ex-dividend date was Monday, May 11th. This represents a $4.20 annualized dividend and a dividend yield of 7.0%. OneMain’s dividend payout ratio (DPR) is presently 62.50%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on OMF. Wells Fargo & Company dropped their price target on shares of OneMain from $70.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 9th. JPMorgan Chase & Co. reduced their price objective on shares of OneMain from $63.00 to $55.00 and set an “underweight” rating for the company in a research report on Thursday, April 9th. Truist Financial decreased their price objective on shares of OneMain from $73.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of OneMain in a research report on Friday, July 10th. Finally, BTIG Research restated a “neutral” rating on shares of OneMain in a research note on Thursday, April 16th. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $67.80.

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.