OneMain Holdings, Inc. $OMF Stake Decreased by Burney Co.

Burney Co. cut its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 46.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,174 shares of the financial services provider’s stock after selling 14,620 shares during the period. Burney Co.’s holdings in OneMain were worth $919,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in OMF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in OneMain in the 1st quarter valued at approximately $2,037,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of OneMain by 2.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 442,598 shares of the financial services provider’s stock valued at $21,634,000 after purchasing an additional 9,067 shares in the last quarter. Focus Partners Wealth grew its position in OneMain by 101.8% in the 1st quarter. Focus Partners Wealth now owns 8,737 shares of the financial services provider’s stock valued at $427,000 after buying an additional 4,407 shares in the last quarter. Prudential Financial Inc. grew its position in OneMain by 32.9% in the 2nd quarter. Prudential Financial Inc. now owns 9,492 shares of the financial services provider’s stock valued at $541,000 after buying an additional 2,350 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in OneMain by 26.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 19,644 shares of the financial services provider’s stock valued at $1,119,000 after buying an additional 4,084 shares during the period. 85.82% of the stock is owned by institutional investors.

Insider Transactions at OneMain

In other news, COO Micah R. Conrad sold 5,000 shares of OneMain stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $62.00, for a total value of $310,000.00. Following the transaction, the chief operating officer directly owned 96,250 shares of the company’s stock, valued at $5,967,500. This trade represents a 4.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Michael A. Hedlund sold 1,848 shares of OneMain stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $62.00, for a total transaction of $114,576.00. Following the completion of the transaction, the senior vice president directly owned 13,127 shares in the company, valued at approximately $813,874. This trade represents a 12.34% 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. Insiders have sold 11,848 shares of company stock valued at $724,576 over the last ninety days. Insiders own 0.29% of the company’s stock.

OneMain Stock Up 2.8%

Shares of NYSE OMF opened at $58.84 on Friday. The stock’s fifty day simple moving average is $56.36 and its 200 day simple moving average is $58.57. The stock has a market capitalization of $6.80 billion, a price-to-earnings ratio of 8.76, a PEG ratio of 0.43 and a beta of 1.22. OneMain Holdings, Inc. has a 52-week low of $45.78 and a 52-week high of $71.93.

OneMain (NYSE:OMF) last announced its 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. OneMain had a return on equity of 24.24% and a net margin of 14.38%.The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the business posted $1.72 earnings per share. OneMain’s revenue was up 6.7% compared to the same quarter last year. As a group, analysts anticipate that OneMain Holdings, Inc. will post 7.24 earnings per share for the current year.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 11th were issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 7.1%. The ex-dividend date was Monday, May 11th. OneMain’s payout ratio is presently 62.50%.

Analyst Ratings Changes

A number of analysts have commented on OMF shares. Deutsche Bank Aktiengesellschaft dropped their price target on shares of OneMain from $81.00 to $80.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Barclays decreased their price objective on shares of OneMain from $61.00 to $60.00 and set an “equal weight” rating for the company in a report on Tuesday. Weiss Ratings reiterated a “buy (b-)” rating on shares of OneMain in a research note on Tuesday. Royal Bank Of Canada dropped their target price on OneMain from $73.00 to $70.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Finally, BTIG Research restated a “neutral” rating on shares of OneMain in a research report on Thursday, April 16th. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $67.80.

OneMain 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.