PDS Planning Inc Reduces Holdings in OneMain Holdings, Inc. $OMF

PDS Planning Inc lowered its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 8.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,941 shares of the financial services provider’s stock after selling 353 shares during the period. PDS Planning Inc’s holdings in OneMain were worth $225,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its holdings in OneMain by 56.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 121,577 shares of the financial services provider’s stock worth $5,966,000 after buying an additional 43,915 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of OneMain by 191.9% during the 1st quarter. GAMMA Investing LLC now owns 1,007 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 662 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of OneMain by 5.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,851 shares of the financial services provider’s stock worth $1,251,000 after buying an additional 1,441 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of OneMain during the 1st quarter worth approximately $853,000. Finally, SG Americas Securities LLC increased its stake in shares of OneMain by 171.9% during the 1st quarter. SG Americas Securities LLC now owns 10,874 shares of the financial services provider’s stock worth $532,000 after purchasing an additional 6,875 shares in the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at OneMain

In related news, CEO Douglas H. Shulman sold 35,000 shares of the business’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $59.47, for a total value of $2,081,450.00. Following the transaction, the chief executive officer owned 275,100 shares in the company, valued at $16,360,197. The trade was a 11.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

OMF has been the topic of a number of analyst reports. Wells Fargo & Company initiated coverage on shares of OneMain in a research report on Monday, August 25th. They set an “equal weight” rating on the stock. Barclays boosted their target price on shares of OneMain from $48.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of OneMain in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of OneMain from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $57.00 target price (down from $63.00) on shares of OneMain in a report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, OneMain currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.75.

OneMain Price Performance

OMF opened at $52.15 on Monday. OneMain Holdings, Inc. has a fifty-two week low of $38.00 and a fifty-two week high of $63.24. The company has a market cap of $6.20 billion, a price-to-earnings ratio of 9.41, a price-to-earnings-growth ratio of 0.42 and a beta of 1.32. The firm has a 50 day simple moving average of $58.73 and a 200 day simple moving average of $54.28.

OneMain (NYSE:OMF) last released its earnings results on Friday, July 25th. The financial services provider reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.20. OneMain had a net margin of 12.63% and a return on equity of 20.65%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the firm earned $1.02 earnings per share. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, analysts expect that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 13th. Stockholders of record on Monday, August 4th were issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date was Monday, August 4th. OneMain’s payout ratio is 75.09%.

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.