25,988 Shares in OneMain Holdings, Inc. $OMF Bought by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new stake in OneMain Holdings, Inc. (NYSE:OMF) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 25,988 shares of the financial services provider’s stock, valued at approximately $1,590,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OMF. Kendall Capital Management bought a new position in OneMain in the 2nd quarter valued at approximately $1,483,000. The Manufacturers Life Insurance Company grew its stake in shares of OneMain by 73.8% during 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 buying an additional 16,117 shares during the last quarter. Bank of America Corp DE grew its stake in shares of OneMain by 117.8% during the first quarter. Bank of America Corp DE now owns 843,912 shares of the financial services provider’s stock worth $45,141,000 after buying an additional 456,470 shares during the last quarter. Kingsview Wealth Management LLC acquired a new position in shares of OneMain during the fourth quarter worth $5,310,000. Finally, State of Wyoming bought a new position in shares of OneMain in the 2nd quarter valued at $1,832,000. Institutional investors own 85.82% of the company’s stock.

Insider Transactions at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 2,500 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $64.00, for a total value of $160,000.00. Following the transaction, the senior vice president directly owned 10,627 shares in the company, valued at $680,128. The trade was a 19.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 that occurred 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 transaction, the chief operating officer directly owned 91,250 shares of the company’s stock, valued at $5,967,750. This represents a 5.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 14,348 shares of company stock valued at $911,576 in the last 90 days. 0.29% of the stock is currently owned by corporate insiders.

OneMain Price Performance

NYSE OMF opened at $62.95 on Monday. The company has a fifty day moving average price of $61.78 and a 200-day moving average price of $57.58. The firm has a market cap of $7.24 billion, a price-to-earnings ratio of 9.48, a PEG ratio of 0.48 and a beta of 1.21. OneMain Holdings, Inc. has a 1 year low of $45.78 and a 1 year high of $71.93.

OneMain (NYSE:OMF) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.05. OneMain had a net margin of 13.92% and a return on equity of 23.49%. The business had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the previous year, the company earned $1.45 earnings per share. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, research analysts anticipate that OneMain Holdings, Inc. will post 7.11 EPS for the current fiscal 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 given a dividend of $1.05 per share. The ex-dividend date was Monday, August 10th. This represents a $4.20 annualized dividend and a yield of 6.7%. OneMain’s dividend payout ratio is presently 63.25%.

Analyst Ratings Changes

A number of equities analysts have issued reports on OMF shares. Evercore set a $66.00 target price on OneMain in a report on Monday, July 6th. Royal Bank Of Canada lifted their price target on OneMain from $70.00 to $73.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. Barclays lowered their price objective on OneMain from $61.00 to $60.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 7th. Citizens Jmp raised their price objective on shares of OneMain from $68.00 to $70.00 and gave the company a “market outperform” rating in a report on Thursday, July 30th. Finally, Citigroup reiterated a “market outperform” rating on shares of OneMain in a research report on Thursday, July 30th. Eight research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $68.40.

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.