Atlas Capital Advisors Inc. Invests $862,000 in OneMain Holdings, Inc. $OMF

Atlas Capital Advisors Inc. bought a new position in shares of OneMain Holdings, Inc. (NYSE:OMF) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 12,767 shares of the financial services provider’s stock, valued at approximately $862,000.

Several other institutional investors also recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new stake in OneMain in the 4th quarter worth about $182,000. Transamerica Financial Advisors LLC boosted its holdings in OneMain by 88.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 670 shares of the financial services provider’s stock worth $45,000 after buying an additional 314 shares during the last quarter. Magnolia Capital Advisors LLC acquired a new stake in OneMain in the 4th quarter worth about $213,000. Morgan Stanley boosted its holdings in OneMain by 52.9% in the 4th quarter. Morgan Stanley now owns 799,486 shares of the financial services provider’s stock worth $54,005,000 after buying an additional 276,611 shares during the last quarter. Finally, Arkadios Wealth Advisors boosted its holdings in OneMain by 10.0% in the 4th quarter. Arkadios Wealth Advisors now owns 6,601 shares of the financial services provider’s stock worth $446,000 after buying an additional 599 shares during the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Evercore set a $55.00 price objective on OneMain in a report on Tuesday, March 17th. Barclays decreased their target price on shares of OneMain from $62.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Monday, May 4th. JPMorgan Chase & Co. decreased their target price on shares of OneMain from $63.00 to $55.00 and set an “underweight” rating on the stock in a research note on Thursday, April 9th. TD Cowen reissued a “buy” rating on shares of OneMain in a research note on Monday, May 4th. Finally, Royal Bank Of Canada decreased their target price on shares of OneMain from $73.00 to $70.00 and set an “outperform” rating on the stock in a research note on Monday, May 4th. Eight research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, OneMain has a consensus rating of “Moderate Buy” and a consensus target price of $68.30.

OneMain Stock Performance

OMF stock opened at $56.67 on Monday. The firm has a market cap of $6.55 billion, a PE ratio of 8.43, a PEG ratio of 0.42 and a beta of 1.24. The firm’s 50 day moving average price is $55.69 and its 200-day moving average price is $59.41. OneMain Holdings, Inc. has a one year low of $45.78 and a one year high of $71.93.

OneMain (NYSE:OMF) last released its quarterly earnings results on Friday, May 1st. The financial services provider reported $1.95 EPS for the quarter, beating the consensus estimate of $1.86 by $0.09. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.27 billion. OneMain had a net margin of 14.38% and a return on equity of 24.24%. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.72 EPS. Equities research analysts predict that OneMain Holdings, Inc. will post 7.38 EPS for the current fiscal year.

OneMain Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 11th were given a $1.05 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $4.20 dividend on an annualized basis and a yield of 7.4%. OneMain’s payout ratio is presently 62.50%.

Insider Transactions at OneMain

In other OneMain news, COO Micah R. Conrad sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $60.00, for a total value of $300,000.00. Following the sale, the chief operating officer owned 101,250 shares of the company’s stock, valued at $6,075,000. The trade was a 4.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is currently owned by insiders.

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.