Creative Planning Sells 1,236 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Creative Planning lowered its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 3.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,359 shares of the financial services provider’s stock after selling 1,236 shares during the period. Creative Planning’s holdings in OneMain were worth $1,853,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of OMF. EdgeRock Capital LLC bought a new stake in OneMain in the 2nd quarter valued at about $31,000. International Assets Investment Management LLC acquired a new position in shares of OneMain in the 2nd quarter valued at approximately $34,000. Blue Trust Inc. raised its position in shares of OneMain by 43.4% in the 2nd quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock valued at $38,000 after buying an additional 225 shares in the last quarter. Abich Financial Wealth Management LLC raised its position in shares of 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 buying an additional 304 shares in the last quarter. Finally, UMB Bank n.a. raised its position in shares of OneMain by 32.6% in 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. Institutional investors own 85.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. JMP Securities restated a “market outperform” rating and issued a $60.00 target price on shares of OneMain in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. StockNews.com cut shares of OneMain from a “buy” rating to a “hold” rating in a research report on Saturday. Northland Securities upped their price objective on shares of OneMain from $53.00 to $55.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. Finally, Barclays cut shares of OneMain from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $52.00 to $46.00 in a research report on Tuesday, October 8th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $54.00.

Insider Activity

In other news, CEO Douglas H. Shulman sold 15,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $46.30, for a total value of $694,500.00. Following the sale, the chief executive officer now directly owns 422,474 shares of the company’s stock, valued at approximately $19,560,546.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Douglas H. Shulman sold 5,000 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $50.00, for a total value of $250,000.00. Following the sale, the chief executive officer now directly owns 417,474 shares of the company’s stock, valued at approximately $20,873,700. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Douglas H. Shulman sold 15,000 shares of the company’s 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 in the company, valued at approximately $19,560,546.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,300 shares of company stock valued at $1,534,275. 0.45% of the stock is currently owned by insiders.

OneMain Stock Performance

Shares of NYSE OMF opened at $48.07 on Tuesday. OneMain Holdings, Inc. has a 52-week low of $35.13 and a 52-week high of $54.94. The firm has a 50 day moving average price of $46.98 and a two-hundred day moving average price of $48.29. The stock has a market cap of $5.76 billion, a P/E ratio of 9.37, a price-to-earnings-growth ratio of 0.89 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, beating the consensus estimate of $0.90 by $0.12. OneMain had a net margin of 12.33% and a return on equity of 20.63%. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $918.74 million. During the same period in the prior year, the company posted $1.01 EPS. Analysts predict that OneMain Holdings, Inc. will post 4.91 earnings per share for the current fiscal year.

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 12th were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.65%. The ex-dividend date of this dividend was Monday, August 12th. OneMain’s dividend payout ratio is currently 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.