11,149 Shares in OneMain Holdings, Inc. $OMF Purchased by PDT Partners LLC

PDT Partners LLC acquired a new stake in OneMain Holdings, Inc. (NYSE:OMF) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,149 shares of the financial services provider’s stock, valued at approximately $680,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC grew its position in shares of OneMain by 117.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 374 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 202 shares during the last quarter. Core Wealth Advisors LLC purchased a new stake in OneMain in the 4th quarter valued at approximately $31,000. Atlantic Union Bankshares Corp purchased a new stake in OneMain in the 4th quarter valued at approximately $36,000. Transamerica Financial Advisors LLC increased its position in OneMain by 88.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 670 shares of the financial services provider’s stock worth $45,000 after buying an additional 314 shares in the last quarter. Finally, Activest Wealth Management raised its holdings in shares of OneMain by 37.6% in the fourth quarter. Activest Wealth Management now owns 794 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 217 shares during the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of OneMain in a research note on Tuesday, July 7th. Citigroup reissued a “market outperform” rating on shares of OneMain in a research note on Thursday, July 30th. Barclays reduced their target price on shares of OneMain from $61.00 to $60.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 7th. Truist Financial lifted their price target on shares of OneMain from $70.00 to $71.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, Evercore set a $66.00 price target on shares of OneMain in a report on Monday, July 6th. Eight research 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. Based on data from MarketBeat.com, OneMain has an average rating of “Moderate Buy” and a consensus target price of $68.40.

Insider Activity

In related news, SVP Michael A. Hedlund sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $64.00, for a total value of $160,000.00. Following the completion of the sale, the senior vice president directly owned 10,627 shares in the company, valued at approximately $680,128. The trade was a 19.04% decrease in their ownership of the stock. The transaction 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, COO Micah R. Conrad sold 5,000 shares of the business’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 transaction of $310,000.00. Following the completion of the sale, the chief operating officer owned 96,250 shares of the company’s stock, valued at approximately $5,967,500. The trade was a 4.94% 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. Over the last quarter, insiders have sold 14,348 shares of company stock worth $911,576. Insiders own 0.29% of the company’s stock.

OneMain Stock Up 1.3%

Shares of NYSE:OMF opened at $63.95 on Friday. The company has a market cap of $7.36 billion, a P/E ratio of 9.63, a P/E/G ratio of 0.48 and a beta of 1.21. OneMain Holdings, Inc. has a 52 week low of $45.78 and a 52 week high of $71.93. The business has a fifty day simple moving average of $61.69 and a 200-day simple moving average of $57.57.

OneMain (NYSE:OMF) last released its earnings results on Wednesday, July 29th. The financial services provider reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.05. OneMain had a return on equity of 23.49% and a net margin of 13.92%.The firm had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the business posted $1.45 earnings per share. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. Sell-side analysts expect that OneMain Holdings, Inc. will post 7.11 earnings per share for the current fiscal year.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 10th were paid a dividend of $1.05 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 6.6%. OneMain’s dividend payout ratio is currently 63.25%.

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.