Citigroup Inc. Buys 15,725 Shares of OneMain Holdings, Inc. $OMF

Citigroup Inc. grew its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 13.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 132,025 shares of the financial services provider’s stock after acquiring an additional 15,725 shares during the quarter. Citigroup Inc. owned about 0.11% of OneMain worth $7,454,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in OMF. Root Financial Partners LLC bought a new position in OneMain during the third quarter valued at approximately $26,000. Activest Wealth Management grew its position 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 purchasing an additional 529 shares during the period. Bayforest Capital Ltd raised its stake in OneMain by 591.8% during the 3rd quarter. Bayforest Capital Ltd now owns 671 shares of the financial services provider’s stock valued at $38,000 after buying an additional 574 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of OneMain by 57.5% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 718 shares of the financial services provider’s stock valued at $40,000 after buying an additional 262 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of OneMain by 79.4% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 820 shares of the financial services provider’s stock valued at $47,000 after buying an additional 363 shares during the period. 85.82% of the stock is owned by hedge funds and other institutional investors.

OneMain Price Performance

Shares of OMF stock opened at $54.97 on Monday. OneMain Holdings, Inc. has a one year low of $38.00 and a one year high of $71.93. The company’s fifty day moving average price is $63.92 and its 200-day moving average price is $61.36. The company has a market capitalization of $6.44 billion, a price-to-earnings ratio of 8.37, a PEG ratio of 0.32 and a beta of 1.34.

OneMain (NYSE:OMF) last issued its earnings results on Thursday, February 5th. The financial services provider reported $1.59 earnings per share for the quarter, topping the consensus estimate 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 quarter in the prior year, the firm posted $1.16 EPS. Equities research analysts expect that OneMain Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 23rd. Investors of record on Tuesday, February 17th were paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 7.6%. The ex-dividend date of this dividend was Tuesday, February 17th. OneMain’s dividend payout ratio (DPR) is 63.93%.

Analyst Upgrades and Downgrades

Several analysts recently commented on OMF shares. Citizens Jmp set a $68.00 price objective on OneMain in a report on Monday, November 24th. Evercore set a $75.00 target price on OneMain in a research report on Tuesday, January 6th. Barclays set a $71.00 price target on shares of OneMain in a research report on Friday, February 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of OneMain in a report on Monday, December 29th. Finally, TD Cowen restated a “buy” rating on shares of OneMain in a research report on Thursday, January 8th. Eight equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $72.11.

Insider Buying and Selling

In related news, COO Micah R. Conrad sold 5,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief operating officer directly owned 106,250 shares of the company’s stock, valued at approximately $6,162,500. The trade was a 4.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas H. Shulman sold 57,500 shares of the stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $68.41, for a total transaction of $3,933,575.00. Following the sale, the chief executive officer directly owned 174,100 shares of the company’s stock, valued at approximately $11,910,181. This trade represents a 24.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.40% of the stock is currently owned by 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.