2 weeks Ago By Defense World Staff
Brandes Investment Partners LP lowered its stake in shares of OneMain Holdings, Inc. ( NYSE:OMF – Free Report ) by 8.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission.
The firm owned 1,912,031 shares of the financial services provider’s stock after selling 186,160 shares during the quarter. Brandes Investment Partners LP owned 1.60% of OneMain worth $92,651,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of the stock. Brave Warrior Advisors LLC raised its position in OneMain by 21.1% in the 4th quarter.
Brave Warrior Advisors LLC now owns 6,416,800 shares of the financial services provider’s stock valued at $315,707,000 after purchasing an additional 1,118,166 shares in the last quarter. Capital International Investors increased its holdings in OneMain by 10.2% in the first quarter.
Capital International Investors now owns 9,570,103 shares of the financial services provider’s stock valued at $488,937,000 after buying an additional 889,387 shares during the last quarter. Clearbridge Investments LLC raised its stake in OneMain by 64.8% in the first quarter.
Clearbridge Investments LLC now owns 1,890,017 shares of the financial services provider’s stock valued at $96,561,000 after buying an additional 743,034 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in OneMain by 7,566.
2% during the 2nd quarter. Principal Financial Group Inc. now owns 718,172 shares of the financial services provider’s stock worth $34,824,000 after buying an additional 708,804 shares during the last quarter.
Finally, Argent Capital Management LLC boosted its position in shares of OneMain by 608.1% during the 1st quarter. Argent Capital Management LLC now owns 503,613 shares of the financial services provider’s stock worth $25,730,000 after acquiring an additional 432,492 shares in the last quarter.
85.82% of the stock is currently owned by institutional investors and hedge funds. Wall Street Analyst Weigh In Several research firms recently weighed in on OMF.
Barclays decreased their target price on OneMain from $55.00 to $52.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th.
Northland Securities increased their target price 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.
BTIG Research began coverage on shares of OneMain in a research report on Friday, June 7th. They issued a “neutral” rating for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $60.
00 price objective on shares of OneMain in a report on Tuesday, September 17th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on OneMain from $64.00 to $61.
00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.
com, OneMain has a consensus rating of “Moderate Buy” and a consensus price target of $55.25. OneMain Trading Up 0.
8 % NYSE OMF opened at $46.85 on Monday. The business’s 50 day moving average is $47.
70 and its two-hundred day moving average is $48.71. The stock has a market capitalization of $5.
61 billion, a price-to-earnings ratio of 9.13, a PEG ratio of 0.81 and a beta of 1.
56. OneMain Holdings, Inc. has a 12-month low of $35.
00 and a 12-month high of $54.94. OneMain ( NYSE:OMF – Get Free Report ) last released its quarterly earnings data on Wednesday, July 31st.
The financial services provider reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.
12. OneMain had a return on equity of 20.63% and a net margin of 12.
33%. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $918.
74 million. During the same quarter in the prior year, the business posted $1.01 earnings per share.
Equities analysts forecast that OneMain Holdings, Inc. will post 5.11 earnings per share for the current fiscal year.
OneMain Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 12th were paid a dividend of $1.04 per share.
This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.88%.
The ex-dividend date of this dividend was Monday, August 12th. OneMain’s payout ratio is currently 81.09%.
Insiders Place Their Bets In related news, SVP Michael A. Hedlund sold 2,400 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $46.
00, for a total value of $110,400.00. Following the completion of the transaction, the senior vice president now directly owns 25,747 shares in the company, valued at $1,184,362.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . In other news, SVP Michael A. Hedlund sold 2,400 shares of the company’s stock in a transaction dated Monday, September 16th.
The shares were sold at an average price of $46.00, for a total transaction of $110,400.00.
Following the completion of the transaction, the senior vice president now owns 25,747 shares of the company’s stock, valued at approximately $1,184,362. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink . Also, CEO Douglas H.
Shulman sold 15,000 shares of the firm’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 disclosure for this sale can be found here . Insiders have sold 32,300 shares of company stock valued at $1,534,275 in the last ninety days. Insiders own 0.
45% of the company’s stock. 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. See Also Five stocks we like better than OneMain 3 Must-Buy Warren Buffett Stocks for Volatile Times 3 Bargain Stocks Under $20 With Major Growth Potential What Are the U.K.
Market Holidays? How to Invest and Trade Top 5 ETFs to Own Now and Into 2025 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion Watch These 3 Former Short-Squeeze Stocks for a Big Rally 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 ).
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