Vanguard Group Inc. Has $675.85 Million Position in OneMain Holdings, Inc. $OMF

Vanguard Group Inc. boosted its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 2.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,970,406 shares of the financial services provider’s stock after acquiring an additional 249,785 shares during the quarter. Vanguard Group Inc. owned approximately 10.17% of OneMain worth $675,849,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of OMF. Root Financial Partners LLC bought a new position in OneMain in the 3rd quarter worth approximately $26,000. Activest Wealth Management increased its stake in shares of OneMain by 1,102.1% in the 3rd quarter. Activest Wealth Management now owns 577 shares of the financial services provider’s stock valued at $33,000 after buying an additional 529 shares during the period. Bayforest Capital Ltd raised its position in shares of OneMain by 591.8% during the third quarter. Bayforest Capital Ltd now owns 671 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 574 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of OneMain by 57.5% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 718 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 262 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of OneMain by 79.4% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 820 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 363 shares during the period. 85.82% of the stock is owned by institutional investors.

Insider Buying and Selling at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 57,500 shares of the stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $68.41, for a total transaction of $3,933,575.00. Following the completion of the transaction, the chief executive officer owned 174,100 shares in the company, valued at approximately $11,910,181. This represents a 24.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Michael A. Hedlund sold 652 shares of the business’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $62.00, for a total value of $40,424.00. Following the completion of the sale, the senior vice president owned 15,179 shares in the company, valued at approximately $941,098. This trade represents a 4.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on OMF shares. Royal Bank Of Canada boosted their price objective on OneMain from $70.00 to $73.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Barclays set a $71.00 price target on shares of OneMain in a research report on Friday, February 6th. Wall Street Zen lowered shares of OneMain from a “buy” rating to a “hold” rating in a report on Sunday, January 18th. Stephens lowered their target price on shares of OneMain to $76.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Finally, Evercore set a $75.00 target price on shares of OneMain in a research report on Tuesday, January 6th. Eight equities 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 company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $72.11.

OneMain Stock Performance

Shares of NYSE OMF opened at $54.12 on Tuesday. OneMain Holdings, Inc. has a 52-week low of $38.00 and a 52-week high of $71.93. The stock has a market cap of $6.34 billion, a P/E ratio of 8.24, a P/E/G ratio of 0.33 and a beta of 1.33. The firm has a 50 day moving average price of $64.87 and a 200 day moving average price of $61.38.

OneMain (NYSE:OMF) last posted its earnings results on Thursday, February 5th. The financial services provider reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.04. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.28 billion. OneMain had a net margin of 14.35% and a return on equity of 23.76%. During the same period last year, the business posted $1.16 earnings per share. Analysts predict that OneMain Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, February 23rd. Stockholders of record on Tuesday, February 17th were issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 7.8%. The ex-dividend date was Tuesday, February 17th. OneMain’s dividend payout ratio is 63.93%.

OneMain 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.