Axa S.A. Makes New Investment in OneMain Holdings, Inc. (NYSE:OMF)

Axa S.A. acquired a new stake in OneMain Holdings, Inc. (NYSE:OMF) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 12,692 shares of the financial services provider’s stock, valued at approximately $615,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in OMF. Brave Warrior Advisors LLC lifted its holdings in OneMain by 21.1% during the 4th quarter. Brave Warrior Advisors LLC now owns 6,416,800 shares of the financial services provider’s stock valued at $315,707,000 after purchasing an additional 1,118,166 shares during the last quarter. Capital International Investors raised its stake in OneMain by 10.2% in the 1st quarter. Capital International Investors now owns 9,570,103 shares of the financial services provider’s stock worth $488,937,000 after purchasing an additional 889,387 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in OneMain by 64.8% in the 1st quarter. Clearbridge Investments LLC now owns 1,890,017 shares of the financial services provider’s stock valued at $96,561,000 after purchasing an additional 743,034 shares during the period. Principal Financial Group Inc. grew its position in shares of OneMain by 7,566.2% during the 2nd quarter. Principal Financial Group Inc. now owns 718,172 shares of the financial services provider’s stock worth $34,824,000 after purchasing an additional 708,804 shares in the last quarter. Finally, Argent Capital Management LLC increased its holdings in shares of OneMain by 608.1% during the first quarter. Argent Capital Management LLC now owns 503,613 shares of the financial services provider’s stock worth $25,730,000 after purchasing an additional 432,492 shares during the period. 85.82% of the stock is currently owned by institutional investors.

OneMain Stock Performance

Shares of NYSE:OMF opened at $45.71 on Wednesday. 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 $5.48 billion, a PE ratio of 8.91, a price-to-earnings-growth ratio of 0.81 and a beta of 1.56. The company has a fifty day moving average of $47.61 and a 200-day moving average of $48.70.

OneMain (NYSE:OMF) last posted its earnings results on Wednesday, July 31st. The financial services provider reported $1.02 EPS for the quarter, beating the consensus estimate 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. On average, equities analysts forecast that OneMain Holdings, Inc. will post 5.11 EPS for the current fiscal year.

OneMain Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 12th were given a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 9.10%. The ex-dividend date of this dividend was Monday, August 12th. OneMain’s dividend payout ratio (DPR) is currently 81.09%.

Insider Buying and Selling at OneMain

In related news, COO Micah R. Conrad sold 2,500 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $45.75, for a total value of $114,375.00. Following the sale, the chief operating officer now owns 117,025 shares of the company’s stock, valued at $5,353,893.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other OneMain news, COO Micah R. Conrad sold 2,500 shares of OneMain stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $45.75, for a total transaction of $114,375.00. Following the transaction, the chief operating officer now directly owns 117,025 shares of the company’s stock, valued at approximately $5,353,893.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas H. Shulman sold 15,000 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $46.30, for a total value of $694,500.00. Following the completion of the sale, the chief executive officer now owns 422,474 shares in the company, valued at approximately $19,560,546.20. 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.

Wall Street Analyst Weigh In

OMF has been the subject of several recent research reports. BTIG Research assumed coverage on OneMain in a research note on Friday, June 7th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. upped their target price on OneMain from $52.00 to $54.00 and gave the company an “overweight” rating in a research report on Monday, July 8th. Northland Securities boosted their price target on OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of OneMain from $64.00 to $61.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $60.00 target price on shares of OneMain in a research report on Tuesday, September 17th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $55.25.

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.