OneMain Holdings, Inc. (NYSE:OMF) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. lowered its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 17.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 33,301 shares of the financial services provider’s stock after selling 7,098 shares during the quarter. Edgestream Partners L.P.’s holdings in OneMain were worth $1,615,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. EdgeRock Capital LLC acquired a new stake in shares of OneMain during the second quarter worth $31,000. International Assets Investment Management LLC purchased a new stake in OneMain in the 2nd quarter valued at about $34,000. Blue Trust Inc. increased its stake in shares of OneMain by 43.4% during the 2nd quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 225 shares during the last quarter. Edmond DE Rothschild Holding S.A. purchased a new position in shares of OneMain during the 4th quarter worth about $47,000. Finally, Abich Financial Wealth Management LLC boosted its position 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 last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. BTIG Research initiated coverage on shares of OneMain in a research note on Friday, June 7th. They set a “neutral” rating on the stock. Northland Securities increased their target price on OneMain from $53.00 to $55.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. Barclays lowered their price target on OneMain from $55.00 to $52.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. JMP Securities raised their price objective on OneMain from $59.00 to $60.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 16th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $55.25.

Insider Transactions at OneMain

In related news, CEO Douglas H. Shulman sold 15,000 shares of OneMain stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $46.30, for a total value of $694,500.00. Following the sale, the chief executive officer now directly owns 422,474 shares in the company, valued at approximately $19,560,546.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Douglas H. Shulman sold 15,000 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $19,560,546.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Micah R. Conrad sold 2,500 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $48.00, for a total transaction of $120,000.00. Following the transaction, the chief operating officer now owns 112,025 shares of the company’s stock, valued at approximately $5,377,200. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,014 shares of company stock worth $1,119,975. 0.45% of the stock is currently owned by company insiders.

OneMain Stock Up 3.9 %

Shares of OneMain stock opened at $50.15 on Friday. The business has a 50-day moving average price of $48.24 and a 200 day moving average price of $48.76. OneMain Holdings, Inc. has a fifty-two week low of $35.00 and a fifty-two week high of $54.94. The firm has a market cap of $6.01 billion, a P/E ratio of 9.78, a P/E/G ratio of 0.72 and a beta of 1.56.

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

OneMain Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 12th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 8.30%. The ex-dividend date of this dividend was Monday, August 12th. OneMain’s dividend payout ratio (DPR) is presently 81.09%.

OneMain Company 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.