Commonwealth Equity Services LLC Has $563,000 Position in OneMain Holdings, Inc. (NYSE:OMF)

Commonwealth Equity Services LLC lifted its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 13.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,608 shares of the financial services provider’s stock after buying an additional 1,374 shares during the period. Commonwealth Equity Services LLC’s holdings in OneMain were worth $563,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its holdings in OneMain by 6.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,476 shares of the financial services provider’s stock worth $171,000 after acquiring an additional 200 shares in the last quarter. Blue Trust Inc. boosted its holdings 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 during the last quarter. US Bancorp DE boosted its holdings in shares of OneMain by 1.8% in the 1st quarter. US Bancorp DE now owns 14,040 shares of the financial services provider’s stock valued at $717,000 after buying an additional 245 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of OneMain by 21.8% in the fourth quarter. Quadrant Capital Group LLC now owns 1,405 shares of the financial services provider’s stock valued at $69,000 after buying an additional 251 shares in the last quarter. Finally, Burney Co. increased its holdings in OneMain by 1.0% during the second quarter. Burney Co. now owns 27,087 shares of the financial services provider’s stock worth $1,313,000 after buying an additional 275 shares during the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on OMF shares. JPMorgan Chase & Co. lifted their price objective on shares of OneMain from $52.00 to $54.00 and gave the company an “overweight” rating in a research report on Monday, July 8th. Northland Securities lifted their price target on OneMain from $53.00 to $55.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. BTIG Research started coverage on OneMain in a research note on Friday, June 7th. They issued a “neutral” rating on the stock. 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. Finally, JMP Securities increased their price target on OneMain from $59.00 to $60.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 16th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $55.25.

OneMain Stock Performance

OMF stock opened at $49.08 on Friday. OneMain Holdings, Inc. has a 52 week low of $35.00 and a 52 week high of $54.94. The company has a market capitalization of $5.88 billion, a PE ratio of 9.57, a price-to-earnings-growth ratio of 0.72 and a beta of 1.56. The company’s 50-day simple moving average is $48.23 and its 200 day simple moving average is $48.77.

OneMain (NYSE:OMF) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $918.74 million. During the same quarter in the previous year, the firm posted $1.01 EPS. On average, analysts forecast that OneMain Holdings, Inc. will post 5.2 EPS for the current year.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 12th were paid a dividend of $1.04 per share. 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 8.48%. OneMain’s dividend payout ratio (DPR) is presently 81.09%.

Insider Buying and Selling at OneMain

In other news, CEO Douglas H. Shulman sold 15,000 shares of the 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 of the company’s stock, valued at approximately $19,560,546.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other OneMain news, CEO Douglas H. Shulman sold 5,000 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $50.00, for a total value of $250,000.00. Following the transaction, the chief executive officer now directly owns 417,474 shares of the company’s stock, valued at approximately $20,873,700. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas H. Shulman sold 15,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 422,474 shares of the company’s stock, valued at $19,560,546.20. The disclosure for this sale can be found here. Insiders sold 32,300 shares of company stock valued at $1,534,275 in the last three months. Corporate insiders own 0.45% of the company’s stock.

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.