7,152 Shares in OneMain Holdings, Inc. (NYSE:OMF) Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new position in OneMain Holdings, Inc. (NYSE:OMF) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,152 shares of the financial services provider’s stock, valued at approximately $364,000.

Other large investors have also recently bought and sold shares of the company. Clearbridge Investments LLC boosted its holdings in OneMain by 64.8% in the first quarter. Clearbridge Investments LLC now owns 1,890,017 shares of the financial services provider’s stock worth $96,561,000 after purchasing an additional 743,034 shares in the last quarter. Frank Rimerman Advisors LLC acquired a new position in OneMain during the 2nd quarter worth $608,000. Swedbank AB acquired a new position in OneMain during the 1st quarter worth $817,000. Argent Capital Management LLC lifted its position in OneMain by 33.6% during the 2nd quarter. Argent Capital Management LLC now owns 672,952 shares of the financial services provider’s stock worth $32,631,000 after acquiring an additional 169,339 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in OneMain by 4.1% during the 1st quarter. Janus Henderson Group PLC now owns 437,365 shares of the financial services provider’s stock worth $22,343,000 after acquiring an additional 17,214 shares during the last quarter. 85.82% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other OneMain news, COO Micah R. Conrad sold 886 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $50.00, for a total transaction of $44,300.00. Following the sale, the chief operating officer now directly owns 104,739 shares of the company’s stock, valued at approximately $5,236,950. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other OneMain news, COO Micah R. Conrad sold 886 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $50.00, for a total transaction of $44,300.00. Following the sale, the chief operating officer now directly owns 104,739 shares of the company’s stock, valued at approximately $5,236,950. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing 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 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 in the company, valued at $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. Over the last ninety days, 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 Down 0.6 %

NYSE OMF opened at $47.75 on Friday. The stock has a market cap of $5.72 billion, a P/E ratio of 9.31, a PEG ratio of 0.87 and a beta of 1.56. The company’s 50-day simple moving average is $46.81 and its 200 day simple moving average is $48.41. OneMain Holdings, Inc. has a twelve month low of $35.00 and a twelve month high of $54.94.

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, beating analysts’ consensus estimates of $0.90 by $0.12. The business had revenue of $1.22 billion for 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 previous year, the firm posted $1.01 earnings per share. Research analysts anticipate that OneMain Holdings, Inc. will post 4.91 earnings per share for the current year.

OneMain Announces Dividend

The company 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 annualized dividend and a yield of 8.71%. OneMain’s dividend payout ratio is 81.09%.

Analyst Ratings Changes

A number of research analysts have weighed in on OMF shares. JMP Securities reissued a “market outperform” rating and set a $60.00 target price on shares of OneMain in a research report on Monday. Barclays lowered shares of OneMain from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $52.00 to $46.00 in a research report on Tuesday, October 8th. Wells Fargo & Company cut their target price on shares of OneMain from $53.00 to $49.00 and set an “equal weight” rating for the company in a research report on Monday. JPMorgan Chase & Co. cut their price objective on shares of OneMain from $56.00 to $51.00 and set an “overweight” rating for the company in a research report on Monday, October 7th. Finally, Deutsche Bank Aktiengesellschaft cut 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. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $54.00.

About OneMain

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.