OneMain Holdings, Inc. $OMF Shares Purchased by California Public Employees Retirement System

California Public Employees Retirement System raised its position in OneMain Holdings, Inc. (NYSE:OMF) by 13.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 266,073 shares of the financial services provider’s stock after acquiring an additional 30,506 shares during the quarter. California Public Employees Retirement System’s holdings in OneMain were worth $14,232,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in OneMain during the 4th quarter worth $100,312,000. Janus Henderson Group PLC lifted its stake 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 worth $171,210,000 after buying an additional 1,047,263 shares in the last quarter. Azora Capital LP lifted its stake 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 worth $92,066,000 after buying an additional 924,302 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in 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 worth $110,958,000 after acquiring an additional 713,670 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of OneMain by 47.4% in 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 purchasing an additional 596,455 shares in the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on OMF. BTIG Research reiterated a “neutral” rating on shares of OneMain in a research report on Thursday, April 16th. Evercore set a $66.00 target price on OneMain in a report on Monday, July 6th. Royal Bank Of Canada cut their target price on OneMain from $73.00 to $70.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. JPMorgan Chase & Co. reduced their price target on OneMain from $63.00 to $55.00 and set an “underweight” rating on the stock in a report on Thursday, April 9th. Finally, Wells Fargo & Company cut their price objective on shares of OneMain from $70.00 to $65.00 and set an “equal weight” rating for the company in a research report on Thursday, April 9th. Eight equities 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $67.80.

Insider Buying and Selling

In related news, COO Micah R. Conrad sold 5,000 shares of OneMain stock in a transaction 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 sale, the chief operating officer directly owned 96,250 shares in the company, valued at $5,967,500. This trade represents a 4.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 company’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $62.00, for a total transaction of $114,576.00. Following the completion of the transaction, the senior vice president owned 13,127 shares of the company’s stock, valued at $813,874. This represents a 12.34% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is currently owned by company insiders.

OneMain Trading Up 1.6%

OneMain stock opened at $59.72 on Friday. The company has a fifty day simple moving average of $57.44 and a 200-day simple moving average of $57.98. The stock has a market cap of $6.90 billion, a P/E ratio of 8.89, a price-to-earnings-growth ratio of 0.45 and a beta of 1.22. OneMain Holdings, Inc. has a 12-month low of $45.78 and a 12-month high of $71.93.

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

OneMain Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 11th were issued a $1.05 dividend. The ex-dividend date was Monday, May 11th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 7.0%. OneMain’s dividend payout ratio 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.