DekaBank Deutsche Girozentrale Sells 1,302 Shares of OneMain Holdings, Inc. (NYSE:OMF)

DekaBank Deutsche Girozentrale lowered its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 20.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,985 shares of the financial services provider’s stock after selling 1,302 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in OneMain were worth $238,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. EdgeRock Capital LLC bought a new position in shares of OneMain during the 2nd quarter valued at approximately $31,000. International Assets Investment Management LLC purchased a new position in OneMain in the second quarter valued at approximately $34,000. Blue Trust Inc. grew its holdings in OneMain by 43.4% during the second quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 225 shares during the period. Edmond DE Rothschild Holding S.A. purchased a new stake in OneMain in the fourth quarter worth $47,000. Finally, Abich Financial Wealth Management LLC raised 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 valued at $49,000 after buying an additional 304 shares during the period. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on OMF shares. Barclays decreased 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. JMP Securities lifted their target price 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. BTIG Research initiated coverage on shares of OneMain in a research note on Friday, June 7th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. lifted their price objective on shares of OneMain from $52.00 to $54.00 and gave the company an “overweight” rating in a research note on Monday, July 8th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on OneMain from $64.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $55.25.

Insiders Place Their Bets

In other news, SVP Michael A. Hedlund sold 2,400 shares of OneMain stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $50.00, for a total transaction of $120,000.00. Following the completion of the sale, the senior vice president now directly owns 20,947 shares of the company’s stock, valued at approximately $1,047,350. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Michael A. Hedlund sold 2,400 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $50.00, for a total transaction of $120,000.00. Following the transaction, the senior vice president now directly owns 20,947 shares in the company, valued at approximately $1,047,350. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Micah R. Conrad sold 1,614 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $50.00, for a total value of $80,700.00. Following the completion of the sale, the chief operating officer now owns 110,411 shares of the company’s stock, valued at approximately $5,520,550. The disclosure for this sale can be found here. Insiders sold a total of 32,300 shares of company stock valued at $1,534,275 in the last quarter. Corporate insiders own 0.45% of the company’s stock.

OneMain Stock Performance

Shares of OMF stock opened at $49.08 on Friday. The company has a market capitalization of $5.88 billion, a PE ratio of 9.57, a price-to-earnings-growth ratio of 0.72 and a beta of 1.56. OneMain Holdings, Inc. has a 52-week low of $35.00 and a 52-week high of $54.94. The business’s fifty day moving average is $48.23 and its 200 day moving average is $48.77.

OneMain (NYSE:OMF) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share 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 firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $918.74 million. During the same quarter last year, the firm posted $1.01 EPS. On average, sell-side analysts forecast that OneMain Holdings, Inc. will post 5.2 EPS for the current fiscal year.

OneMain Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 8.48%. OneMain’s payout ratio is presently 81.09%.

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.