8,442 Shares in OneMain Holdings, Inc. $OMF Bought by Vise Technologies Inc.

Vise Technologies Inc. bought a new stake in shares of OneMain Holdings, Inc. (NYSE:OMF) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,442 shares of the financial services provider’s stock, valued at approximately $515,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of OMF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in OneMain during the first quarter valued at $2,037,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in OneMain by 2.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 442,598 shares of the financial services provider’s stock worth $21,634,000 after acquiring an additional 9,067 shares during the period. Focus Partners Wealth boosted its stake in shares of OneMain by 101.8% during the first quarter. Focus Partners Wealth now owns 8,737 shares of the financial services provider’s stock valued at $427,000 after purchasing an additional 4,407 shares in the last quarter. Prudential Financial Inc. boosted its position in OneMain by 32.9% during the 2nd quarter. Prudential Financial Inc. now owns 9,492 shares of the financial services provider’s stock valued at $541,000 after acquiring an additional 2,350 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in OneMain by 26.2% during the second quarter. Russell Investments Group Ltd. now owns 19,644 shares of the financial services provider’s stock valued at $1,119,000 after purchasing an additional 4,084 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors.

OneMain Stock Performance

OMF stock opened at $62.86 on Tuesday. OneMain Holdings, Inc. has a one year low of $45.78 and a one year high of $71.93. The firm’s 50 day moving average price is $61.34 and its 200-day moving average price is $57.55. The firm has a market cap of $7.23 billion, a PE ratio of 9.47, a PEG ratio of 0.48 and a beta of 1.21.

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

OneMain Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 10th were paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date was Monday, August 10th. OneMain’s dividend payout ratio is 63.25%.

Analyst Ratings Changes

OMF has been the topic of a number of recent analyst reports. Citigroup reaffirmed a “market outperform” rating on shares of OneMain in a research report on Thursday, July 30th. TD Cowen lifted their price objective on shares of OneMain from $66.00 to $68.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Barclays lowered their target price on OneMain from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 7th. Citizens Jmp increased their price target on shares of OneMain from $68.00 to $70.00 and gave the stock a “market outperform” rating in a report on Thursday, July 30th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of OneMain in a report on Tuesday, July 7th. Eight investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $68.40.

Insider Activity

In other OneMain news, SVP Michael A. Hedlund sold 2,500 shares of the firm’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 transaction, the senior vice president owned 10,627 shares of the company’s stock, valued at $680,128. This trade represents a 19.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Micah R. Conrad sold 5,000 shares of the company’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $62.00, for a total value of $310,000.00. Following the sale, the chief operating officer owned 96,250 shares in the company, valued at approximately $5,967,500. This trade represents a 4.94% decrease in their position. 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. In the last three months, insiders have sold 14,348 shares of company stock worth $911,576. 0.29% of the stock is owned by corporate 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.