Corient Private Wealth LP Takes $1.99 Million Position in OneMain Holdings, Inc. $OMF

Corient Private Wealth LP purchased a new stake in shares of OneMain Holdings, Inc. (NYSE:OMF) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 32,566 shares of the financial services provider’s stock, valued at approximately $1,986,000.

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

Insider Activity

In other news, COO Micah R. Conrad sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $65.40, for a total transaction of $327,000.00. Following the transaction, the chief operating officer directly owned 91,250 shares of the company’s stock, valued at approximately $5,967,750. This trade represents a 5.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Michael A. Hedlund sold 2,500 shares of OneMain stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $64.00, for a total transaction of $160,000.00. Following the sale, the senior vice president directly owned 10,627 shares of the company’s stock, valued at $680,128. This represents a 19.04% 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. Over the last three months, insiders sold 14,348 shares of company stock valued at $911,576. 0.29% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

OMF has been the subject of a number of recent analyst reports. 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 research note on Thursday, July 30th. Citizens Jmp increased their price objective on shares of OneMain from $68.00 to $70.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 30th. Barclays decreased their price objective on shares of OneMain from $61.00 to $60.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 7th. Citigroup restated a “market outperform” rating on shares of OneMain in a research report on Thursday, July 30th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of OneMain in a research note on Tuesday, July 7th. Eight equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.40.

OneMain Trading Up 3.5%

NYSE:OMF opened at $63.25 on Thursday. OneMain Holdings, Inc. has a twelve month low of $45.78 and a twelve month high of $71.93. The company has a market cap of $7.28 billion, a price-to-earnings ratio of 9.53, a price-to-earnings-growth ratio of 0.47 and a beta of 1.22. The stock has a fifty day simple moving average of $62.02 and a 200-day simple moving average of $57.64.

OneMain (NYSE:OMF) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.05. The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.28 billion. OneMain had a net margin of 13.92% and a return on equity of 23.49%. The business’s revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.45 earnings per share. As a group, equities research analysts predict that OneMain Holdings, Inc. will post 7.11 EPS for the current fiscal year.

OneMain Dividend Announcement

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