Mercer Global Advisors Inc. ADV Purchases 3,552 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Mercer Global Advisors Inc. ADV boosted its position in OneMain Holdings, Inc. (NYSE:OMF) by 11.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,578 shares of the financial services provider’s stock after acquiring an additional 3,552 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in OneMain were worth $1,619,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its holdings in OneMain by 6.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,476 shares of the financial services provider’s stock valued at $171,000 after acquiring an additional 200 shares during the last quarter. Blue Trust Inc. boosted its holdings in OneMain by 43.4% in the second 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. US Bancorp DE boosted its holdings in OneMain by 1.8% in the first quarter. US Bancorp DE now owns 14,040 shares of the financial services provider’s stock valued at $717,000 after acquiring an additional 245 shares during the last quarter. Essex Financial Services Inc. boosted its holdings in OneMain by 6.9% in the second quarter. Essex Financial Services Inc. now owns 4,226 shares of the financial services provider’s stock valued at $205,000 after acquiring an additional 272 shares during the last quarter. Finally, Burney Co. lifted its stake in OneMain by 1.0% in the second quarter. Burney Co. now owns 27,087 shares of the financial services provider’s stock valued at $1,313,000 after buying an additional 275 shares during the period. Institutional investors own 85.82% of the company’s stock.

OneMain Stock Performance

Shares of OneMain stock opened at $45.91 on Wednesday. The business’s 50 day simple moving average is $48.03 and its 200 day simple moving average is $48.76. The firm has a market cap of $5.50 billion, a PE ratio of 8.95, a P/E/G 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.

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

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 12th were paid 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 yield of 9.06%. OneMain’s dividend payout ratio is 81.09%.

Insider Buying and Selling at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 2,400 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $50.00, for a total value of $120,000.00. Following the completion of the transaction, the senior vice president now directly owns 20,947 shares in the company, valued at $1,047,350. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, COO Micah R. Conrad sold 2,500 shares of OneMain stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $45.75, for a total transaction of $114,375.00. Following the completion of the transaction, the chief operating officer now directly owns 117,025 shares in the company, valued at approximately $5,353,893.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael A. Hedlund sold 2,400 shares of OneMain stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $50.00, for a total value of $120,000.00. Following the transaction, the senior vice president now owns 20,947 shares of the company’s stock, valued at $1,047,350. The disclosure for this sale can be found here. Insiders sold a total of 32,300 shares of company stock worth $1,534,275 over the last ninety days. 0.45% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on OMF. Royal Bank of Canada reissued an “outperform” rating and issued a $60.00 target price on shares of OneMain in a research note on Tuesday, September 17th. JPMorgan Chase & Co. raised their price target on OneMain from $52.00 to $54.00 and gave the stock an “overweight” rating in a research report on Monday, July 8th. Northland Securities raised their price target on OneMain from $53.00 to $55.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. JMP Securities reaffirmed a “market outperform” rating and set a $60.00 price target on shares of OneMain in a research report on Tuesday. Finally, BTIG Research began coverage on OneMain in a research report on Friday, June 7th. They set a “neutral” rating on the stock. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $55.25.

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.