Victory Capital Management Inc. Increases Position in OneMain Holdings, Inc. (NYSE:OMF)

Victory Capital Management Inc. grew its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 6.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 37,999 shares of the financial services provider’s stock after purchasing an additional 2,446 shares during the period. Victory Capital Management Inc.’s holdings in OneMain were worth $1,843,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. EdgeRock Capital LLC bought a new position in shares of OneMain during the second quarter valued at $31,000. International Assets Investment Management LLC purchased a new position in OneMain in the 2nd quarter worth about $34,000. Blue Trust Inc. raised its position in OneMain by 43.4% in the 2nd quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock worth $38,000 after buying an additional 225 shares during the last quarter. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of OneMain during the 4th quarter valued at about $47,000. Finally, Abich Financial Wealth Management LLC grew its stake in shares of OneMain by 46.1% in the first quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 304 shares during the period. 85.82% of the stock is owned by institutional investors.

OneMain Trading Down 0.6 %

Shares of OMF stock opened at $48.26 on Thursday. The stock has a market capitalization of $5.78 billion, a price-to-earnings ratio of 9.41, a price-to-earnings-growth ratio of 0.72 and a beta of 1.56. OneMain Holdings, Inc. has a 12-month low of $35.00 and a 12-month high of $54.94. The stock’s 50-day moving average price is $48.22 and its 200-day moving average price is $48.75.

OneMain (NYSE:OMF) last posted its earnings results on Wednesday, July 31st. The financial services provider reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.12. OneMain had a return on equity of 20.63% and a net margin of 12.33%. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $918.74 million. During the same period in the prior year, the company earned $1.01 EPS. As a group, research analysts predict that OneMain Holdings, Inc. will post 5.2 EPS for the current fiscal year.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 12th were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $4.16 dividend on an annualized basis and a yield of 8.62%. OneMain’s dividend payout ratio (DPR) is presently 81.09%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on OMF shares. Royal Bank of Canada restated an “outperform” rating and issued a $60.00 target price on shares of OneMain in a report on Tuesday. Barclays cut their price objective on OneMain from $55.00 to $52.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. BTIG Research initiated coverage on OneMain in a report on Friday, June 7th. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. boosted their price target on OneMain from $52.00 to $54.00 and gave the company an “overweight” rating in a research note on Monday, July 8th. Finally, JMP Securities increased their price objective on shares of OneMain from $59.00 to $60.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 16th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.25.

Insider Activity

In related news, CEO Douglas H. Shulman sold 15,000 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $46.30, for a total transaction of $694,500.00. Following the sale, the chief executive officer now owns 422,474 shares in the company, valued at approximately $19,560,546.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, COO Micah R. Conrad sold 2,500 shares of OneMain stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $48.00, for a total transaction of $120,000.00. Following the completion of the sale, the chief operating officer now directly owns 112,025 shares in the company, valued at $5,377,200. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas H. Shulman sold 15,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $46.30, for a total transaction of $694,500.00. Following the completion of the transaction, the chief executive officer now owns 422,474 shares in the company, valued at $19,560,546.20. The disclosure for this sale can be found here. Insiders sold 24,014 shares of company stock valued at $1,119,975 in the last ninety days. Insiders own 0.45% of the company’s stock.

OneMain Profile

OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses in the United States. It originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit cards; optional credit insurance products, including life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.