OneMain Holdings, Inc. $OMF Position Increased by Allianz Asset Management GmbH

Allianz Asset Management GmbH grew its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 35.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 367,330 shares of the financial services provider’s stock after purchasing an additional 95,824 shares during the period. Allianz Asset Management GmbH owned about 0.31% of OneMain worth $20,938,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Central Pacific Bank Trust Division increased its holdings in shares of OneMain by 2.7% in the 2nd quarter. Central Pacific Bank Trust Division now owns 8,079 shares of the financial services provider’s stock valued at $461,000 after purchasing an additional 210 shares during the period. Essex Financial Services Inc. increased its holdings in shares of OneMain by 6.7% in the 1st quarter. Essex Financial Services Inc. now owns 4,591 shares of the financial services provider’s stock valued at $224,000 after purchasing an additional 288 shares during the period. Deutsche Bank AG increased its holdings in shares of OneMain by 0.8% in the 1st quarter. Deutsche Bank AG now owns 36,581 shares of the financial services provider’s stock valued at $1,788,000 after purchasing an additional 290 shares during the period. Allworth Financial LP increased its holdings in shares of OneMain by 21.7% in the 1st quarter. Allworth Financial LP now owns 1,976 shares of the financial services provider’s stock valued at $96,000 after purchasing an additional 352 shares during the period. Finally, Independent Advisor Alliance increased its holdings in shares of OneMain by 2.2% in the 1st quarter. Independent Advisor Alliance now owns 16,479 shares of the financial services provider’s stock valued at $805,000 after purchasing an additional 357 shares during the period. Institutional investors and hedge funds own 85.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Citigroup reiterated an “outperform” rating on shares of OneMain in a report on Monday, October 13th. Wells Fargo & Company assumed coverage on OneMain in a report on Monday, August 25th. They issued an “equal weight” rating on the stock. JMP Securities dropped their price objective on OneMain from $65.00 to $63.00 and set a “market outperform” rating on the stock in a report on Monday, October 13th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $57.00 price objective (down previously from $63.00) on shares of OneMain in a report on Tuesday, October 7th. Finally, Barclays increased their price objective on OneMain from $48.00 to $56.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $60.50.

OneMain Stock Up 1.7%

Shares of OneMain stock opened at $54.19 on Monday. The stock has a market capitalization of $6.44 billion, a P/E ratio of 9.78, a PEG ratio of 0.43 and a beta of 1.32. The stock has a 50 day moving average price of $58.57 and a two-hundred day moving average price of $54.49. OneMain Holdings, Inc. has a 12-month low of $38.00 and a 12-month high of $63.24.

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

OneMain Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 13th. Shareholders of record on Monday, August 4th were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Monday, August 4th. This represents a $4.16 dividend on an annualized basis and a yield of 7.7%. OneMain’s dividend payout ratio is presently 75.09%.

Insider Transactions at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $59.47, for a total transaction of $2,081,450.00. Following the completion of the sale, the chief executive officer owned 275,100 shares of the company’s stock, valued at $16,360,197. This represents a 11.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is owned by insiders.

OneMain Company Profile

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.