First Trust Advisors LP Has $63.76 Million Stock Holdings in OneMain Holdings, Inc. $OMF

First Trust Advisors LP lifted its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 10.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,118,660 shares of the financial services provider’s stock after acquiring an additional 110,369 shares during the quarter. First Trust Advisors LP’s holdings in OneMain were worth $63,764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC acquired a new stake in OneMain during the 2nd quarter valued at approximately $611,102,000. Norges Bank bought a new stake in shares of OneMain in the 2nd quarter valued at $85,541,000. Nuveen LLC bought a new stake in shares of OneMain in the 1st quarter valued at $48,282,000. Cooperman Leon G increased its position in shares of OneMain by 187.7% during the first quarter. Cooperman Leon G now owns 889,000 shares of the financial services provider’s stock worth $43,454,000 after buying an additional 580,000 shares during the period. Finally, Fiduciary Management Inc. WI raised its stake in OneMain by 21.8% during the first quarter. Fiduciary Management Inc. WI now owns 2,647,875 shares of the financial services provider’s stock worth $129,428,000 after buying an additional 474,161 shares during the last quarter. 85.82% of the stock is currently owned by institutional investors.

OneMain Price Performance

OMF stock opened at $64.75 on Monday. The company’s 50-day moving average is $58.25 and its 200-day moving average is $57.63. The stock has a market capitalization of $7.62 billion, a PE ratio of 10.97, a price-to-earnings-growth ratio of 0.44 and a beta of 1.38. OneMain Holdings, Inc. has a 1 year low of $38.00 and a 1 year high of $65.55.

OneMain (NYSE:OMF) last posted its quarterly earnings results on Friday, October 31st. The financial services provider reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.32. OneMain had a return on equity of 22.70% and a net margin of 13.15%.The business had revenue of $747.00 million for the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the prior year, the business earned $1.31 EPS. On average, analysts anticipate that OneMain Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

OneMain Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 10th were issued a $1.05 dividend. The ex-dividend date was Monday, November 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 6.5%. This is an increase from OneMain’s previous quarterly dividend of $1.04. OneMain’s dividend payout ratio (DPR) is 71.19%.

Insider Activity at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 35,000 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $59.54, for a total transaction of $2,083,900.00. Following the completion of the sale, the chief executive officer owned 231,600 shares in the company, valued at approximately $13,789,464. The trade was a 13.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Michael A. Hedlund sold 652 shares of the company’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $62.00, for a total transaction of $40,424.00. Following the transaction, the senior vice president owned 15,179 shares in the company, valued at approximately $941,098. The trade was a 4.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 40,652 shares of company stock valued at $2,420,324. 0.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on OMF shares. JMP Securities set a $68.00 price target on shares of OneMain in a research report on Monday, November 24th. JPMorgan Chase & Co. boosted their price objective on OneMain from $57.00 to $59.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Wells Fargo & Company initiated coverage on OneMain in a research report on Monday, August 25th. They set an “equal weight” rating on the stock. Citigroup reaffirmed a “market outperform” rating on shares of OneMain in a research note on Monday, November 24th. Finally, Citizens Jmp dropped their price target on OneMain from $70.00 to $68.00 and set a “market outperform” rating on the stock in a research note on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.63.

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.