D.A. Davidson & CO. Purchases 14,829 Shares of OneMain Holdings, Inc. $OMF

D.A. Davidson & CO. raised its position in OneMain Holdings, Inc. (NYSE:OMF) by 38.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,718 shares of the financial services provider’s stock after purchasing an additional 14,829 shares during the period. D.A. Davidson & CO.’s holdings in OneMain were worth $2,873,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Csenge Advisory Group increased its holdings in shares of OneMain by 4.1% in the fourth quarter. Csenge Advisory Group now owns 4,239 shares of the financial services provider’s stock worth $286,000 after purchasing an additional 167 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in OneMain by 4.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,075 shares of the financial services provider’s stock valued at $275,000 after buying an additional 174 shares during the period. Geneos Wealth Management Inc. boosted its stake in OneMain by 9.1% during the second quarter. Geneos Wealth Management Inc. now owns 2,112 shares of the financial services provider’s stock valued at $120,000 after buying an additional 176 shares during the period. New York State Teachers Retirement System grew its position in OneMain by 1.7% during the first quarter. New York State Teachers Retirement System now owns 11,131 shares of the financial services provider’s stock worth $595,000 after buying an additional 189 shares in the last quarter. Finally, Generali Asset Management SPA SGR grew its position in OneMain by 5.9% during the fourth quarter. Generali Asset Management SPA SGR now owns 3,413 shares of the financial services provider’s stock worth $231,000 after buying an additional 190 shares in the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OMF has been the topic of several recent analyst reports. Wells Fargo & Company lowered their price target on OneMain from $70.00 to $65.00 and set an “equal weight” rating on the stock in a report on Thursday, April 9th. JPMorgan Chase & Co. decreased their price objective on shares of OneMain from $63.00 to $55.00 and set an “underweight” rating on the stock in a research report on Thursday, April 9th. Royal Bank Of Canada lowered 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. Evercore set a $66.00 price target on shares of OneMain in a research note on Monday, July 6th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of OneMain in a report on Tuesday, July 7th. Eight research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $67.80.

OneMain Price Performance

Shares of OneMain stock opened at $60.30 on Monday. OneMain Holdings, Inc. has a one year low of $45.78 and a one year high of $71.93. The business’s 50 day simple moving average is $56.79 and its two-hundred day simple moving average is $58.20. The stock has a market capitalization of $6.97 billion, a P/E ratio of 8.97, a price-to-earnings-growth ratio of 0.46 and a beta of 1.22.

OneMain (NYSE:OMF) last released its quarterly earnings data on Friday, May 1st. The financial services provider reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.09. OneMain had a return on equity of 24.24% and a net margin of 14.38%.The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the firm posted $1.72 earnings per share. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. Sell-side analysts expect that OneMain Holdings, Inc. will post 7.19 earnings per share for the current fiscal year.

OneMain Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 11th were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $4.20 annualized dividend and a yield of 7.0%. OneMain’s dividend payout ratio is presently 62.50%.

Insider Buying and Selling at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 1,848 shares of the business’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $62.00, for a total value of $114,576.00. Following the transaction, the senior vice president owned 13,127 shares in the company, valued at approximately $813,874. The trade was a 12.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Micah R. Conrad sold 5,000 shares of the company’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $62.00, for a total transaction of $310,000.00. Following the transaction, the chief operating officer directly owned 96,250 shares of the company’s stock, valued at approximately $5,967,500. This trade represents a 4.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.29% of the company’s stock.

OneMain Company Profile

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.