D.A. Davidson & CO. Purchases 14,829 Shares of OneMain Holdings, Inc. $OMF

D.A. Davidson & CO. increased its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 38.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 53,718 shares of the financial services provider’s stock after purchasing an additional 14,829 shares during the quarter. D.A. Davidson & CO.’s holdings in OneMain were worth $2,873,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in OMF. Norges Bank bought a new position in shares of OneMain during the 4th quarter worth approximately $100,312,000. Janus Henderson Group PLC grew its holdings in shares of OneMain by 70.4% in the fourth quarter. Janus Henderson Group PLC now owns 2,534,271 shares of the financial services provider’s stock valued at $171,210,000 after acquiring an additional 1,047,263 shares in the last quarter. Azora Capital LP grew its holdings in shares of OneMain by 210.7% in the fourth quarter. Azora Capital LP now owns 1,362,934 shares of the financial services provider’s stock valued at $92,066,000 after acquiring an additional 924,302 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of OneMain by 57.0% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,965,244 shares of the financial services provider’s stock valued at $110,958,000 after acquiring an additional 713,670 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of OneMain by 47.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,855,709 shares of the financial services provider’s stock valued at $125,353,000 after acquiring an additional 596,455 shares during the last quarter. 85.82% of the stock is owned by institutional investors.

Insider Buying and Selling at OneMain

In other news, COO Micah R. Conrad sold 5,000 shares of OneMain stock in a transaction on Monday, June 29th. The stock was 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 directly owned 96,250 shares in the company, valued at approximately $5,967,500. The trade was a 4.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Michael A. Hedlund sold 1,848 shares of the business’s stock in a transaction 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 in the company, valued at approximately $813,874. The trade was a 12.34% decrease in their ownership of the stock. 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. 0.29% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on OMF. Truist Financial cut their price objective on OneMain from $73.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, July 2nd. Wells Fargo & Company decreased their target price on OneMain from $70.00 to $65.00 and set an “equal weight” rating for the company in a research report on Thursday, April 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of OneMain in a research note on Tuesday, July 7th. Royal Bank Of Canada cut their price target on shares of OneMain from $73.00 to $70.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of OneMain from $63.00 to $55.00 and set an “underweight” rating for the company in a report on Thursday, April 9th. Eight research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, OneMain presently has an average rating of “Moderate Buy” and an average target price of $67.80.

OneMain Stock Down 0.0%

OMF opened at $60.30 on Monday. The firm has a 50-day moving average price of $56.79 and a 200-day moving average price of $58.20. OneMain Holdings, Inc. has a twelve month low of $45.78 and a twelve month high of $71.93. The company has a market capitalization of $6.97 billion, a price-to-earnings ratio of 8.97, a PEG ratio of 0.46 and a beta of 1.22.

OneMain (NYSE:OMF) last announced its quarterly earnings results on Friday, May 1st. The financial services provider reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.09. OneMain had a net margin of 14.38% and a return on equity of 24.24%. The company had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the prior year, the company posted $1.72 EPS. OneMain’s revenue was up 6.7% compared to the same quarter last year. On average, sell-side analysts expect that OneMain Holdings, Inc. will post 7.19 earnings per share for the current fiscal 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 issued a $1.05 dividend. 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, May 11th. OneMain’s dividend payout ratio (DPR) is presently 62.50%.

OneMain 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.