140,363 Shares in OneMain Holdings, Inc. $OMF Purchased by Ieq Capital LLC

Ieq Capital LLC acquired a new position in shares of OneMain Holdings, Inc. (NYSE:OMF) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 140,363 shares of the financial services provider’s stock, valued at approximately $8,558,000. Ieq Capital LLC owned 0.12% of OneMain at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in OMF. CIBC Private Wealth Group LLC lifted its position in OneMain by 117.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 374 shares of the financial services provider’s stock worth $25,000 after buying an additional 202 shares in the last quarter. Core Wealth Advisors LLC acquired a new stake in shares of OneMain during the 4th quarter valued at $31,000. Atlantic Union Bankshares Corp purchased a new position in shares of OneMain during the 4th quarter valued at $36,000. Transamerica Financial Advisors LLC grew its holdings in shares of OneMain by 88.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 670 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 314 shares in the last quarter. Finally, Activest Wealth Management increased its stake in shares of OneMain by 37.6% in the fourth quarter. Activest Wealth Management now owns 794 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 217 shares during the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OMF has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of OneMain in a report on Friday, July 10th. Truist Financial boosted their target price on OneMain from $70.00 to $71.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Citigroup restated a “market outperform” rating on shares of OneMain in a report on Thursday, July 30th. TD Cowen increased their price objective on OneMain from $66.00 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of OneMain in a research report on Tuesday, July 7th. 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $68.40.

Insiders Place Their Bets

In other news, SVP Michael A. Hedlund sold 2,500 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $64.00, for a total transaction of $160,000.00. Following the sale, the senior vice president owned 10,627 shares in the company, valued at approximately $680,128. This represents a 19.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Micah R. Conrad sold 5,000 shares of the stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $62.00, for a total transaction of $310,000.00. Following the sale, the chief operating officer directly owned 96,250 shares in the company, valued at approximately $5,967,500. This represents a 4.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 14,348 shares of company stock worth $911,576. Insiders own 0.29% of the company’s stock.

OneMain Stock Up 0.1%

Shares of OMF opened at $63.26 on Monday. The stock has a market cap of $7.28 billion, a price-to-earnings ratio of 9.53, a P/E/G ratio of 0.48 and a beta of 1.21. OneMain Holdings, Inc. has a 12 month low of $45.78 and a 12 month high of $71.93. The company has a 50-day moving average price of $61.24 and a two-hundred day moving average price of $57.56.

OneMain (NYSE:OMF) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.05. OneMain had a return on equity of 23.49% and a net margin of 13.92%.The firm had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the prior year, the business posted $1.45 earnings per share. The business’s revenue was up 6.7% compared to the same quarter last year. Equities research analysts expect that OneMain Holdings, Inc. will post 7.11 EPS for the current fiscal year.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 10th were issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend was Monday, August 10th. OneMain’s payout ratio is presently 63.25%.

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.