OneMain Holdings, Inc. $OMF Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC lessened its stake in OneMain Holdings, Inc. (NYSE:OMF) by 54.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 12,986 shares of the financial services provider’s stock after selling 15,582 shares during the quarter. Squarepoint Ops LLC’s holdings in OneMain were worth $740,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in OMF. SVB Wealth LLC purchased a new stake in shares of OneMain during the first quarter worth about $34,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in OneMain during the 1st quarter worth approximately $42,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in OneMain by 79.4% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 820 shares of the financial services provider’s stock worth $47,000 after buying an additional 363 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in shares of OneMain by 2,940.0% during the second quarter. Golden State Wealth Management LLC now owns 912 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 882 shares during the last quarter. Finally, Employees Retirement System of Texas purchased a new position in shares of OneMain in the second quarter valued at approximately $56,000. 85.82% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other OneMain news, CEO Douglas H. Shulman sold 35,000 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was 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 of the company’s stock, valued at $13,789,464. This trade represents a 13.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Micah R. Conrad sold 5,000 shares of the company’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $59.20, for a total value of $296,000.00. Following the completion of the transaction, the chief operating officer directly owned 88,221 shares in the company, valued at approximately $5,222,683.20. This trade represents a 5.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 40,652 shares of company stock valued at $2,420,324 over the last quarter. 0.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Truist Financial began coverage on OneMain in a research report on Monday, December 8th. They set a “buy” rating and a $75.00 price target for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of OneMain in a research note on Monday. Citigroup reiterated a “market outperform” rating on shares of OneMain in a research report on Monday, November 24th. JMP Securities set a $68.00 price target on shares of OneMain in a research note on Monday, November 24th. Finally, JPMorgan Chase & Co. upped their price objective on shares of OneMain from $57.00 to $59.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $64.00.

OneMain Trading Down 0.7%

Shares of OMF stock opened at $68.66 on Wednesday. OneMain Holdings, Inc. has a twelve month low of $38.00 and a twelve month high of $70.17. The company’s 50-day moving average price is $61.22 and its 200-day moving average price is $58.98. The stock has a market cap of $8.08 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 0.46 and a beta of 1.38.

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

OneMain Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 10th were given a $1.05 dividend. The ex-dividend date was Monday, November 10th. This is a positive change from OneMain’s previous quarterly dividend of $1.04. This represents a $4.20 annualized dividend and a yield of 6.1%. OneMain’s dividend payout ratio (DPR) is currently 71.19%.

About OneMain

OneMain Financial (NYSE: OMF) is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.

Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.