Cetera Investment Advisers Boosts Stock Position in OneMain Holdings, Inc. (NYSE:OMF)

Cetera Investment Advisers boosted its stake in OneMain Holdings, Inc. (NYSE:OMF) by 3.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,774 shares of the financial services provider’s stock after buying an additional 1,037 shares during the period. Cetera Investment Advisers’ holdings in OneMain were worth $1,395,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. EdgeRock Capital LLC bought a new stake in shares of OneMain during the second quarter valued at approximately $31,000. International Assets Investment Management LLC bought a new position in shares of OneMain during the 2nd quarter valued at about $34,000. Blue Trust Inc. boosted its holdings 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 purchasing an additional 225 shares during the last quarter. Abich Financial Wealth Management LLC boosted its holdings in shares of OneMain by 46.1% during the 1st quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 304 shares during the last quarter. Finally, UMB Bank n.a. raised its position in shares of OneMain by 32.6% during the 2nd quarter. UMB Bank n.a. now owns 1,779 shares of the financial services provider’s stock valued at $86,000 after buying an additional 437 shares in the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 2,400 shares of the company’s stock in a transaction on 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 $1,047,350. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Douglas H. Shulman sold 15,000 shares of OneMain stock in a transaction on Friday, August 16th. The shares were sold at an average price of $46.30, for a total transaction 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 approximately $19,560,546.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Michael A. Hedlund sold 2,400 shares of OneMain stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $50.00, for a total value of $120,000.00. Following the sale, the senior vice president now directly owns 20,947 shares of the company’s stock, valued at $1,047,350. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,300 shares of company stock worth $1,534,275. 0.45% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

OMF has been the topic of several recent research reports. Wells Fargo & Company decreased their target price on shares of OneMain from $53.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Monday. Barclays cut OneMain from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $52.00 to $46.00 in a research note on Tuesday, October 8th. Royal Bank of Canada decreased their price objective on OneMain from $60.00 to $58.00 and set an “outperform” rating for the company in a report on Thursday, October 10th. Northland Securities increased 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. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.00.

OneMain Stock Up 0.7 %

OMF stock opened at $46.67 on Wednesday. The firm has a 50-day simple moving average of $46.72 and a 200-day simple moving average of $48.44. OneMain Holdings, Inc. has a 52 week low of $35.00 and a 52 week high of $54.94. The stock has a market capitalization of $5.59 billion, a P/E ratio of 9.10, a P/E/G ratio of 0.87 and a beta of 1.56.

OneMain (NYSE:OMF) last announced its quarterly earnings data 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. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $918.74 million. OneMain had a net margin of 12.33% and a return on equity of 20.63%. During the same quarter in the prior year, the company earned $1.01 EPS. On average, analysts expect that OneMain Holdings, Inc. will post 4.91 earnings per share for the current year.

OneMain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 12th were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 8.91%. The ex-dividend date was Monday, August 12th. OneMain’s dividend 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.