2 weeks Ago By ABMN Staff
Long Focus Capital Management LLC increased its holdings in OneMain Holdings, Inc. ( NYSE:OMF – Free Report ) by 3.6% in the second quarter, HoldingsChannel.
com reports. The institutional investor owned 285,000 shares of the financial services provider’s stock after purchasing an additional 10,000 shares during the quarter. Long Focus Capital Management LLC’s holdings in OneMain were worth $13,820,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. EdgeRock Capital LLC purchased a new stake in shares of OneMain during the 2nd quarter worth $31,000. International Assets Investment Management LLC acquired a new stake in shares of OneMain in the 2nd quarter worth $34,000.
Blue Trust Inc. grew its stake in OneMain by 43.4% during the 2nd quarter.
Blue Trust Inc. now owns 743 shares of the financial services provider’s stock worth $38,000 after buying an additional 225 shares during the last quarter. Edmond DE Rothschild Holding S.
A. acquired a new position in OneMain during the 4th quarter valued at about $47,000. Finally, Abich Financial Wealth Management LLC raised its stake in OneMain by 46.
1% in the first quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock valued at $49,000 after buying an additional 304 shares during the last quarter. Institutional investors own 85.
82% of the company’s stock. OneMain Stock Performance OMF stock opened at $46.49 on Friday.
OneMain Holdings, Inc. has a one year low of $35.00 and a one year high of $54.
94. The firm’s fifty day moving average is $47.78 and its 200 day moving average is $48.
72. The firm has a market cap of $5.57 billion, a PE ratio of 9.
06, a P/E/G ratio of 0.81 and a beta of 1.56.
OneMain Announces Dividend The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 12th were paid a $1.04 dividend.
The ex-dividend date was Monday, August 12th. This represents a $4.16 dividend on an annualized basis and a yield of 8.
95%. OneMain’s dividend payout ratio is currently 81.09%.
Wall Street Analysts Forecast Growth Several equities analysts recently commented on the stock. Northland Securities increased their price objective on shares of OneMain from $53.00 to $55.
00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Barclays lowered their price objective on shares of OneMain from $55.00 to $52.
00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft cut their target price on OneMain from $64.00 to $61.
00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $60.00 price target on shares of OneMain in a research report on Tuesday, September 17th.
Finally, JPMorgan Chase & Co. raised their price objective on OneMain from $52.00 to $54.
00 and gave the stock an “overweight” rating in a research note on Monday, July 8th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.
com, OneMain currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.25. Read Our Latest Research Report on OneMain Insider Buying and Selling In other OneMain news, CEO Douglas H.
Shulman sold 15,000 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $46.30, for a total transaction of $694,500.
00. Following the transaction, the chief executive officer now directly owns 422,474 shares of the company’s stock, valued at $19,560,546.20.
The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website . In related news, CEO Douglas H. Shulman sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th.
The stock was sold at an average price of $46.30, for a total transaction of $694,500.00.
Following the completion of the sale, the chief executive officer now directly owns 422,474 shares in the company, valued at $19,560,546.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website .
Also, COO Micah R. Conrad sold 2,500 shares of OneMain stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $45.
75, for a total transaction of $114,375.00. Following the sale, the chief operating officer now directly owns 117,025 shares in the company, valued at approximately $5,353,893.
75. The disclosure for this sale can be found here . In the last quarter, insiders sold 32,300 shares of company stock valued at $1,534,275.
0.45% of the stock is owned by corporate insiders. OneMain Company Profile ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding OMF? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for OneMain Holdings, Inc. ( NYSE:OMF – Free Report ). Receive News & Ratings for OneMain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OneMain and related companies with MarketBeat.
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