Larson Financial Group LLC Increases Position in OneMain Holdings, Inc. (NYSE:OMF)

Larson Financial Group LLC increased its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 6.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 43,779 shares of the financial services provider’s stock after acquiring an additional 2,697 shares during the quarter. Larson Financial Group LLC’s holdings in OneMain were worth $2,123,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of OneMain by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 12,317,755 shares of the financial services provider’s stock worth $629,314,000 after acquiring an additional 373,900 shares during the period. Capital International Investors boosted its holdings in shares of OneMain by 10.2% in the 1st quarter. Capital International Investors now owns 9,570,103 shares of the financial services provider’s stock valued at $488,937,000 after purchasing an additional 889,387 shares during the last quarter. Brave Warrior Advisors LLC boosted its holdings in shares of OneMain by 21.1% in the 4th quarter. Brave Warrior Advisors LLC now owns 6,416,800 shares of the financial services provider’s stock valued at $315,707,000 after purchasing an additional 1,118,166 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of OneMain by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,921,164 shares of the financial services provider’s stock valued at $143,727,000 after buying an additional 78,106 shares during the period. Finally, Brandes Investment Partners LP increased its holdings in shares of OneMain by 10.2% during the 4th quarter. Brandes Investment Partners LP now owns 1,916,484 shares of the financial services provider’s stock worth $94,291,000 after buying an additional 177,993 shares during the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other OneMain news, CEO Douglas H. Shulman sold 15,000 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $46.30, for a total transaction of $694,500.00. Following the completion of the sale, the chief executive officer now owns 422,474 shares in the company, valued at $19,560,546.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other OneMain news, 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 owns 422,474 shares of the company’s stock, valued at $19,560,546.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael A. Hedlund sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $48.10, for a total value 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 24,614 shares of company stock worth $1,153,875. 0.45% of the stock is currently owned by insiders.

OneMain Trading Down 1.0 %

Shares of NYSE:OMF opened at $48.00 on Thursday. OneMain Holdings, Inc. has a 12-month low of $35.00 and a 12-month high of $54.94. The firm has a market cap of $5.75 billion, a PE ratio of 9.36, a price-to-earnings-growth ratio of 0.77 and a beta of 1.58. The company has a fifty day simple moving average of $48.69 and a 200 day simple moving average of $48.83.

OneMain (NYSE:OMF) last issued 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 business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $918.74 million. OneMain had a net margin of 12.33% and a return on equity of 20.63%. During the same quarter in the prior year, the business posted $1.01 EPS. As a group, equities research analysts forecast that OneMain Holdings, Inc. will post 5.25 EPS for the current fiscal year.

OneMain Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 12th were given a $1.04 dividend. The ex-dividend date was Monday, August 12th. This represents a $4.16 annualized dividend and a dividend yield of 8.67%. OneMain’s payout ratio is 81.09%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Barclays reduced their target price on OneMain from $55.00 to $52.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. JMP Securities increased their target price on shares of OneMain from $59.00 to $60.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of OneMain from $64.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Northland Securities boosted their price objective on shares of OneMain from $53.00 to $55.00 and gave the stock a “market perform” rating in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. raised their target price on shares of 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.83.

OneMain Company Profile

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.