Cwm LLC Raises Position in OneMain Holdings, Inc. (NYSE:OMF)

Cwm LLC increased its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 8.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,144 shares of the financial services provider’s stock after purchasing an additional 3,033 shares during the period. Cwm LLC’s holdings in OneMain were worth $1,748,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. EdgeRock Capital LLC purchased a new position in shares of OneMain in the second quarter valued at about $31,000. International Assets Investment Management LLC bought a new stake in shares of OneMain during the second quarter valued at approximately $34,000. Blue Trust Inc. grew its stake 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 acquiring an additional 225 shares in the last quarter. Abich Financial Wealth Management LLC increased its holdings in OneMain by 46.1% in the 1st quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 304 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in OneMain by 32.6% in the 2nd quarter. UMB Bank n.a. now owns 1,779 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 437 shares in the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on OMF shares. JPMorgan Chase & Co. cut their price target on OneMain from $56.00 to $51.00 and set an “overweight” rating for the company in a report on Monday, October 7th. StockNews.com cut shares of OneMain from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th. Northland Securities upped their price target on shares of OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. JMP Securities reissued a “market outperform” rating and issued a $60.00 price objective on shares of OneMain in a research note on Monday. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.00.

OneMain Price Performance

OMF stock opened at $46.67 on Wednesday. OneMain Holdings, Inc. has a 1-year low of $35.00 and a 1-year high of $54.94. The company has a market capitalization of $5.59 billion, a P/E ratio of 9.10, a PEG ratio of 0.87 and a beta of 1.56. The business has a 50-day moving average price of $46.72 and a 200 day moving average price of $48.44.

OneMain (NYSE:OMF) last posted its earnings results on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.12. The company had revenue of $1.22 billion during 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 business earned $1.01 earnings per share. On average, analysts anticipate that OneMain Holdings, Inc. will post 4.91 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The business also recently announced 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 was Monday, August 12th. This represents a $4.16 annualized dividend and a yield of 8.91%. OneMain’s dividend payout ratio (DPR) is presently 81.09%.

Insiders Place Their Bets

In related news, COO Micah R. Conrad sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were 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 owns 117,025 shares in the company, valued at $5,353,893.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, COO Micah R. Conrad sold 1,614 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $50.00, for a total transaction of $80,700.00. Following the transaction, the chief operating officer now directly owns 110,411 shares in the company, valued at $5,520,550. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Micah R. Conrad sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $45.75, for a total value of $114,375.00. Following the completion of the sale, the chief operating officer now directly owns 117,025 shares of the company’s stock, valued at approximately $5,353,893.75. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,300 shares of company stock worth $1,534,275. 0.45% of the stock is owned by corporate insiders.

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.