OneMain Holdings, Inc. $OMF Shares Sold by Royal Bank of Canada

Royal Bank of Canada cut its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 8.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 947,491 shares of the financial services provider’s stock after selling 85,756 shares during the quarter. Royal Bank of Canada’s holdings in OneMain were worth $50,682,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Csenge Advisory Group raised its stake in OneMain by 4.1% in the 4th quarter. Csenge Advisory Group now owns 4,239 shares of the financial services provider’s stock worth $286,000 after acquiring an additional 167 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in OneMain by 4.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,075 shares of the financial services provider’s stock valued at $275,000 after purchasing an additional 174 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in OneMain by 9.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,112 shares of the financial services provider’s stock valued at $120,000 after purchasing an additional 176 shares during the last quarter. New York State Teachers Retirement System increased its holdings in shares of OneMain by 1.7% in the first quarter. New York State Teachers Retirement System now owns 11,131 shares of the financial services provider’s stock valued at $595,000 after purchasing an additional 189 shares during the period. Finally, Generali Asset Management SPA SGR increased its holdings in shares of OneMain by 5.9% in the fourth quarter. Generali Asset Management SPA SGR now owns 3,413 shares of the financial services provider’s stock valued at $231,000 after purchasing an additional 190 shares during the period. 85.82% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other OneMain news, SVP Michael A. Hedlund sold 2,500 shares of the stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $64.00, for a total transaction of $160,000.00. Following the transaction, the senior vice president directly owned 10,627 shares of the company’s stock, valued at $680,128. This trade represents a 19.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Micah R. Conrad sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $62.00, for a total transaction of $310,000.00. Following the completion of the transaction, the chief operating officer directly owned 96,250 shares in the company, valued at $5,967,500. This represents a 4.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 9,348 shares of company stock valued at $584,576 over the last 90 days. 0.29% of the stock is currently owned by company insiders.

OneMain Price Performance

NYSE:OMF opened at $62.59 on Monday. The firm has a market cap of $7.20 billion, a price-to-earnings ratio of 9.43, a price-to-earnings-growth ratio of 0.48 and a beta of 1.21. The company has a 50 day moving average price of $58.34 and a 200-day moving average price of $57.63. OneMain Holdings, Inc. has a 1-year low of $45.78 and a 1-year high of $71.93.

OneMain (NYSE:OMF) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.05. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.28 billion. OneMain had a net margin of 13.92% and a return on equity of 23.49%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.45 earnings per share. On average, sell-side analysts anticipate that OneMain Holdings, Inc. will post 7.12 earnings per share for the current fiscal year.

OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, August 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 6.7%. The ex-dividend date of this dividend is Monday, August 10th. OneMain’s dividend payout ratio is presently 63.25%.

Analyst Ratings Changes

A number of equities research analysts recently commented on OMF shares. JPMorgan Chase & Co. decreased their target price on OneMain from $63.00 to $55.00 and set an “underweight” rating for the company in a report on Thursday, April 9th. BTIG Research reiterated a “neutral” rating on shares of OneMain in a report on Thursday, April 16th. Citigroup reissued a “market outperform” rating on shares of OneMain in a research report on Thursday. Weiss Ratings restated a “buy (b-)” rating on shares of OneMain in a research note on Tuesday, July 7th. Finally, Royal Bank Of Canada upped their price objective on shares of OneMain from $70.00 to $73.00 and gave the company an “outperform” rating in a report on Thursday. Eight analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, OneMain presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.40.

Key Headlines Impacting OneMain

Here are the key news stories impacting OneMain this week:

• Positive Sentiment: OneMain reported second-quarter adjusted EPS of $1.31, topping the $1.26 consensus estimate. Net interest income and other revenue increased year over year, while receivables growth remained strong. OneMain Holdings Q2 Earnings in Line, Stock Gains as NII Rises Y/Y
• Positive Sentiment: Truist Financial raised its price target from $70 to $71 and maintained a “buy” rating, while Citizens JMP increased its target from $68 to $70 and kept a “market outperform” rating. These targets imply meaningful upside from recent trading levels. Truist Financial and Citizens JMP price-target updates
• Positive Sentiment: OneMain declared a quarterly dividend of $1.05 per share, payable August 14 to shareholders of record August 10. The dividend represents an annualized yield of approximately 6.6%, supporting the stock’s income appeal.
• Neutral Sentiment: Analyst views remain mixed, with some firms retaining favorable ratings while estimates reflect uncertainty around future loan performance and profitability. Analysts’ Opinions Are Mixed on These Financial Stocks
• Negative Sentiment: Revenue of $1.09 billion fell short of the $1.28 billion analyst forecast, and quarterly EPS declined from $1.45 a year earlier. Rising credit costs also weighed on profit, highlighting risks from borrower delinquencies and loan losses.
• Negative Sentiment: Northland Securities lowered its FY2026 EPS estimate to $7.10 from $7.39 and cut its Q4 2026 forecast to $2.00 from $2.11. It also reduced its Q1 2027 estimate to $1.82 from $1.84, although it modestly raised its Q3 and Q4 2027 forecasts. The revisions may be pressuring sentiment because they point to near-term earnings moderation.

About OneMain

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.