Bokf Na Raises Stock Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Bokf Na increased its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 2.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,290 shares of the financial services provider’s stock after purchasing an additional 409 shares during the quarter. Bokf Na’s holdings in OneMain were worth $919,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in OneMain in the fourth quarter valued at $112,000. Blue Trust Inc. increased its stake in shares of OneMain by 49.9% during the 4th quarter. Blue Trust Inc. now owns 730 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 243 shares during the last quarter. Asset Management One Co. Ltd. purchased a new position in shares of OneMain during the 4th quarter worth about $175,000. Avitas Wealth Management LLC lifted its holdings in shares of OneMain by 3.0% during the 4th quarter. Avitas Wealth Management LLC now owns 43,988 shares of the financial services provider’s stock worth $2,164,000 after acquiring an additional 1,262 shares during the period. Finally, International Assets Investment Management LLC boosted its position in shares of OneMain by 4,329.3% in the fourth quarter. International Assets Investment Management LLC now owns 34,194 shares of the financial services provider’s stock worth $1,682,000 after acquiring an additional 33,422 shares during the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

OneMain Trading Down 0.0 %

OMF stock traded down $0.02 during trading on Monday, reaching $53.07. The stock had a trading volume of 53,881 shares, compared to its average volume of 941,496. The firm has a fifty day moving average price of $49.06 and a 200 day moving average price of $48.68. The company has a market capitalization of $6.36 billion, a P/E ratio of 10.35, a PEG ratio of 0.79 and a beta of 1.58. OneMain Holdings, Inc. has a 1-year low of $35.00 and a 1-year high of $53.65.

OneMain (NYSE:OMF) last released its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.45 EPS for the quarter, topping the consensus estimate of $1.38 by $0.07. OneMain had a return on equity of 20.78% and a net margin of 13.29%. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $907.93 million. During the same quarter in the previous year, the firm posted $1.46 earnings per share. Sell-side analysts predict that OneMain Holdings, Inc. will post 5.48 EPS for the current year.

OneMain Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Friday, May 10th were paid a dividend of $1.04 per share. This is a boost from OneMain’s previous quarterly dividend of $1.00. This represents a $4.16 annualized dividend and a dividend yield of 7.84%. The ex-dividend date was Thursday, May 9th. OneMain’s dividend payout ratio is 81.09%.

Insider Transactions at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 3,000 shares of the stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $48.10, for a total transaction of $144,300.00. Following the transaction, the senior vice president now directly owns 28,147 shares in the company, valued at approximately $1,353,870.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Douglas H. Shulman sold 19,000 shares of OneMain stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $51.37, for a total value of $976,030.00. Following the completion of the transaction, the chief executive officer now owns 451,300 shares in the company, valued at approximately $23,183,281. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Michael A. Hedlund sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $48.10, for a total value of $144,300.00. Following the completion of the sale, the senior vice president now owns 28,147 shares of the company’s stock, valued at $1,353,870.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,500 shares of company stock valued at $1,500,055. 0.45% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on OMF. Deutsche Bank Aktiengesellschaft dropped their price target on OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. BTIG Research started coverage on shares of OneMain in a report on Friday, June 7th. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. boosted their price objective on shares of OneMain from $52.00 to $54.00 and gave the stock an “overweight” rating in a research note on Monday, July 8th. TD Cowen raised their target price on shares of OneMain from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, Royal Bank of Canada lifted their target price on shares of OneMain from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Monday, April 1st. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, OneMain presently has a consensus rating of “Moderate Buy” and an average target price of $54.33.

About OneMain

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.