Vanguard Personalized Indexing Management LLC Has $899,000 Stock Position in OneMain Holdings, Inc. (NYSE:OMF)

Vanguard Personalized Indexing Management LLC grew its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 13.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,604 shares of the financial services provider’s stock after buying an additional 2,142 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in OneMain were worth $899,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OMF. Principal Financial Group Inc. boosted its holdings in OneMain by 1,125.3% during the fourth quarter. Principal Financial Group Inc. now owns 107,985 shares of the financial services provider’s stock worth $5,313,000 after buying an additional 99,172 shares during the last quarter. Norges Bank bought a new position in OneMain during the fourth quarter worth about $62,732,000. D.A. Davidson & CO. boosted its holdings in OneMain by 14.4% during the fourth quarter. D.A. Davidson & CO. now owns 10,586 shares of the financial services provider’s stock worth $521,000 after buying an additional 1,335 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in OneMain by 15.6% during the fourth quarter. Corient Private Wealth LLC now owns 27,862 shares of the financial services provider’s stock worth $1,371,000 after buying an additional 3,757 shares during the last quarter. Finally, Assetmark Inc. boosted its holdings in OneMain by 16.0% during the fourth quarter. Assetmark Inc. now owns 3,618 shares of the financial services provider’s stock worth $178,000 after buying an additional 500 shares during the last quarter. Institutional investors own 85.82% of the company’s stock.

Analyst Ratings Changes

OMF has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective on OneMain from $64.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $60.00 price objective on shares of OneMain in a report on Tuesday, September 17th. JMP Securities lifted their price objective on OneMain from $59.00 to $60.00 and gave the company a “market outperform” rating in a report on Tuesday, July 16th. JPMorgan Chase & Co. lifted their price objective on OneMain from $52.00 to $54.00 and gave the company an “overweight” rating in a report on Monday, July 8th. Finally, Northland Securities lifted their price objective on OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. Five equities research 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 stock currently has an average rating of “Moderate Buy” and a consensus target price of $55.25.

Insider Buying and Selling

In related news, CEO Douglas H. Shulman sold 15,000 shares of OneMain 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 directly owns 422,474 shares in the company, valued at $19,560,546.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other OneMain news, CEO Douglas H. Shulman sold 15,000 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $46.30, for a total value of $694,500.00. Following the completion of the sale, the chief executive officer now directly owns 422,474 shares of the company’s stock, valued at $19,560,546.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Micah R. Conrad sold 1,614 shares of OneMain stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $50.00, for a total value of $80,700.00. Following the completion of the transaction, the chief operating officer now owns 110,411 shares of the company’s stock, valued at $5,520,550. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,300 shares of company stock worth $1,534,275. 0.45% of the stock is owned by company insiders.

OneMain Trading Down 1.5 %

Shares of OMF stock opened at $48.33 on Tuesday. The stock has a 50-day moving average of $48.17 and a 200-day moving average of $48.78. OneMain Holdings, Inc. has a 1-year low of $35.00 and a 1-year high of $54.94. The stock has a market cap of $5.79 billion, a price-to-earnings ratio of 9.42, a PEG ratio of 0.72 and a beta of 1.56.

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

OneMain Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 12th were issued a $1.04 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.61%. OneMain’s dividend payout ratio 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.