OneMain Holdings, Inc. (NYSE:OMF) Shares Purchased by Argent Capital Management LLC

Argent Capital Management LLC grew its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 33.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 672,952 shares of the financial services provider’s stock after acquiring an additional 169,339 shares during the quarter. Argent Capital Management LLC owned about 0.56% of OneMain worth $32,631,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. PNC Financial Services Group Inc. raised its stake in shares of OneMain by 6.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,476 shares of the financial services provider’s stock valued at $171,000 after acquiring an additional 200 shares during the period. Blue Trust Inc. grew its stake in shares of OneMain by 43.4% in the second quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock valued at $38,000 after buying an additional 225 shares in the last quarter. US Bancorp DE lifted its position in OneMain by 1.8% during the 1st quarter. US Bancorp DE now owns 14,040 shares of the financial services provider’s stock worth $717,000 after acquiring an additional 245 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in OneMain by 21.8% in the 4th quarter. Quadrant Capital Group LLC now owns 1,405 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 251 shares during the period. Finally, Abich Financial Wealth Management LLC grew its position in OneMain by 46.1% in the first quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 304 shares in the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

OMF has been the subject of a number of recent analyst reports. JMP Securities raised their price target on shares of OneMain from $59.00 to $60.00 and gave the company a “market outperform” rating in a report on Tuesday, July 16th. BTIG Research started coverage on OneMain in a research report on Friday, June 7th. They set a “neutral” rating on the stock. BMO Capital Markets increased their price target on OneMain from $48.00 to $50.00 and gave the company a “market perform” rating in a report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft dropped their price objective on OneMain from $64.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Finally, JPMorgan Chase & Co. increased their target price on OneMain from $52.00 to $54.00 and gave the company an “overweight” rating in a research note on Monday, July 8th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, OneMain currently has an average rating of “Moderate Buy” and an average price target of $54.83.

Insiders Place Their Bets

In other news, SVP Michael A. Hedlund sold 3,000 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $48.10, for a total transaction of $144,300.00. Following the transaction, the senior vice president now directly owns 28,147 shares of the company’s stock, valued at $1,353,870.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other OneMain news, SVP Michael A. Hedlund sold 3,000 shares of the stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $48.10, for a total transaction of $144,300.00. Following the completion of the transaction, the senior vice president now directly owns 28,147 shares of the company’s stock, valued at approximately $1,353,870.70. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas H. Shulman sold 15,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $46.30, for a total value of $694,500.00. Following the transaction, the chief executive officer now directly owns 422,474 shares of the company’s stock, valued at approximately $19,560,546.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,500 shares of company stock worth $953,175. 0.45% of the stock is owned by company insiders.

OneMain Stock Up 3.2 %

OMF stock traded up $1.53 during midday trading on Friday, reaching $48.81. The company had a trading volume of 681,337 shares, compared to its average volume of 959,035. The firm has a market capitalization of $5.85 billion, a PE ratio of 9.51, a P/E/G ratio of 0.74 and a beta of 1.58. The stock has a 50 day moving average price of $48.63 and a 200 day moving average price of $48.64. OneMain Holdings, Inc. has a fifty-two week low of $35.00 and a fifty-two week high of $54.94.

OneMain (NYSE:OMF) last posted its earnings results on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.12. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $918.74 million. OneMain had a net margin of 12.33% and a return on equity of 20.60%. During the same period in the previous year, the business posted $1.01 EPS. Research analysts predict that OneMain Holdings, Inc. will post 5.37 EPS for the current year.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 12th were paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 8.52%. The ex-dividend date was Monday, August 12th. OneMain’s payout ratio is currently 81.09%.

About OneMain

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.