PDT Partners LLC Purchases Shares of 11,149 OneMain Holdings, Inc. $OMF

PDT Partners LLC purchased a new position in shares of OneMain Holdings, Inc. (NYSE:OMF) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,149 shares of the financial services provider’s stock, valued at approximately $680,000.

Other large investors also recently modified their holdings of the company. Kendall Capital Management purchased a new position in OneMain in the second quarter valued at approximately $1,483,000. The Manufacturers Life Insurance Company increased its position in shares of OneMain by 73.8% in the first quarter. The Manufacturers Life Insurance Company now owns 37,962 shares of the financial services provider’s stock worth $2,031,000 after acquiring an additional 16,117 shares in the last quarter. Bank of America Corp DE raised its stake in shares of OneMain by 117.8% in the 1st quarter. Bank of America Corp DE now owns 843,912 shares of the financial services provider’s stock valued at $45,141,000 after acquiring an additional 456,470 shares during the period. Kingsview Wealth Management LLC purchased a new position in shares of OneMain in the 4th quarter valued at $5,310,000. Finally, State of Wyoming acquired a new position in shares of OneMain during the 2nd quarter valued at $1,832,000. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on OMF shares. Citigroup reaffirmed a “market outperform” rating on shares of OneMain in a research report on Thursday, July 30th. TD Cowen boosted their price objective on OneMain from $66.00 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Barclays decreased their target price on OneMain from $61.00 to $60.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 7th. Citizens Jmp upped their price target on OneMain from $68.00 to $70.00 and gave the stock a “market outperform” rating in a report on Thursday, July 30th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of OneMain in a research note on Tuesday, July 7th. Eight research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $68.40.

Insiders Place Their Bets

In other OneMain news, COO Micah R. Conrad sold 5,000 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $65.40, for a total transaction of $327,000.00. Following the completion of the transaction, the chief operating officer directly owned 91,250 shares of the company’s stock, valued at $5,967,750. This trade represents a 5.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael A. Hedlund sold 2,500 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $64.00, for a total transaction of $160,000.00. Following the completion of the sale, the senior vice president directly owned 10,627 shares of the company’s stock, valued at $680,128. The trade was a 19.04% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 14,348 shares of company stock valued at $911,576. Insiders own 0.29% of the company’s stock.

OneMain Stock Performance

NYSE:OMF opened at $63.95 on Friday. The stock has a market cap of $7.36 billion, a price-to-earnings ratio of 9.63, a price-to-earnings-growth ratio of 0.48 and a beta of 1.21. OneMain Holdings, Inc. has a one year low of $45.78 and a one year high of $71.93. The business’s 50-day simple moving average is $61.69 and its 200 day simple moving average is $57.57.

OneMain (NYSE:OMF) last posted its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.05. OneMain had a return on equity of 23.49% and a net margin of 13.92%.The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the business earned $1.45 EPS. OneMain’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, equities research analysts predict that OneMain Holdings, Inc. will post 7.11 EPS for the current year.

OneMain Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 10th were paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date was Monday, August 10th. OneMain’s payout ratio is 63.25%.

OneMain Company Profile

OneMain Financial (NYSE: OMF) is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.

Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.