Abich Financial Wealth Management LLC Purchases 304 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Abich Financial Wealth Management LLC increased its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 46.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 963 shares of the financial services provider’s stock after buying an additional 304 shares during the quarter. Abich Financial Wealth Management LLC’s holdings in OneMain were worth $49,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of OMF. DekaBank Deutsche Girozentrale grew its stake in OneMain by 7.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 6,287 shares of the financial services provider’s stock valued at $315,000 after purchasing an additional 431 shares in the last quarter. Cetera Advisors LLC acquired a new stake in OneMain during the 1st quarter worth approximately $493,000. Burney Co. lifted its holdings in OneMain by 35.6% during the 1st quarter. Burney Co. now owns 26,812 shares of the financial services provider’s stock worth $1,370,000 after purchasing an additional 7,033 shares during the last quarter. Swedbank AB acquired a new position in OneMain in the 1st quarter valued at $817,000. Finally, B. Riley Wealth Advisors Inc. raised its holdings in OneMain by 11.1% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 5,421 shares of the financial services provider’s stock valued at $277,000 after acquiring an additional 543 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on OMF shares. Northland Securities lifted their price objective on OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a report on Thursday. BTIG Research started coverage on OneMain in a report on Friday, June 7th. They issued a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft dropped their price objective on OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Barclays dropped their price objective on OneMain from $55.00 to $52.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Finally, TD Cowen lifted their price target on OneMain from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, OneMain has an average rating of “Moderate Buy” and an average price target of $54.83.

OneMain Price Performance

OMF stock traded down $3.68 during midday trading on Friday, reaching $44.88. 2,000,434 shares of the stock were exchanged, compared to its average volume of 951,925. The stock has a market capitalization of $5.38 billion, a PE ratio of 8.75, a P/E/G ratio of 0.74 and a beta of 1.58. OneMain Holdings, Inc. has a 52 week low of $35.00 and a 52 week high of $54.94. The company has a fifty day moving average price of $49.23 and a 200 day moving average price of $48.73.

OneMain (NYSE:OMF) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.12. OneMain had a return on equity of 20.60% and a net margin of 12.33%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $918.74 million. During the same quarter in the previous year, the company posted $1.01 EPS. As a group, analysts anticipate that OneMain Holdings, Inc. will post 5.37 earnings per share for the current fiscal year.

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Monday, August 12th will be given a $1.04 dividend. The ex-dividend date of this dividend is Monday, August 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 9.27%. OneMain’s dividend payout ratio (DPR) is presently 81.09%.

Insider Buying and Selling at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 3,000 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $48.10, for a total value of $144,300.00. Following the sale, the senior vice president now owns 28,147 shares in the company, valued at approximately $1,353,870.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, COO Micah R. Conrad sold 7,500 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $50.63, for a total value of $379,725.00. Following the transaction, the chief operating officer now directly owns 119,525 shares of the company’s stock, valued at approximately $6,051,550.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael A. Hedlund sold 3,000 shares of the business’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 28,147 shares in the company, valued at $1,353,870.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,500 shares of company stock worth $1,500,055. Insiders own 0.45% of the company’s stock.

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.