Trivium Point Advisory LLC Sells 533 Shares of OneMain Holdings, Inc. $OMF

Trivium Point Advisory LLC reduced its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 8.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,742 shares of the financial services provider’s stock after selling 533 shares during the quarter. Trivium Point Advisory LLC’s holdings in OneMain were worth $327,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in OMF. Alpine Bank Wealth Management purchased a new position in shares of OneMain during the 1st quarter valued at about $27,000. SVB Wealth LLC purchased a new position in shares of OneMain during the 1st quarter valued at about $34,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of OneMain during the 1st quarter valued at about $42,000. Headlands Technologies LLC purchased a new position in shares of OneMain during the 1st quarter valued at about $46,000. Finally, Legend Financial Advisors Inc. purchased a new position in shares of OneMain during the 2nd quarter valued at about $57,000. 85.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on OMF shares. Barclays boosted their price target on OneMain from $48.00 to $56.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 8th. Wells Fargo & Company started coverage on OneMain in a report on Monday, August 25th. They issued an “equal weight” rating on the stock. Finally, JPMorgan Chase & Co. boosted their price target on OneMain from $50.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $61.50.

Insider Activity

In other news, CEO Douglas H. Shulman sold 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $59.47, for a total transaction of $2,081,450.00. Following the sale, the chief executive officer directly owned 275,100 shares of the company’s stock, valued at $16,360,197. This represents a 11.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.40% of the stock is owned by company insiders.

OneMain Price Performance

Shares of OMF opened at $55.84 on Thursday. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 10.08, a price-to-earnings-growth ratio of 0.44 and a beta of 1.32. OneMain Holdings, Inc. has a 1 year low of $38.00 and a 1 year high of $63.24. The business’s 50 day simple moving average is $59.18 and its 200-day simple moving average is $54.00.

OneMain (NYSE:OMF) last issued its quarterly earnings data on Friday, July 25th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.20. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. OneMain had a return on equity of 20.65% and a net margin of 12.63%.The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.02 EPS. On average, sell-side analysts expect that OneMain Holdings, Inc. will post 6.46 earnings per share for the current year.

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 13th. Stockholders of record on Monday, August 4th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend was Monday, August 4th. OneMain’s dividend payout ratio is 75.09%.

OneMain Company Profile

OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses in the United States. It originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit cards; optional credit insurance products, including life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.