Avitas Wealth Management LLC Has $2.13 Million Position in OneMain Holdings, Inc. (NYSE:OMF)

Avitas Wealth Management LLC increased its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 1.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,176 shares of the financial services provider’s stock after acquiring an additional 652 shares during the quarter. Avitas Wealth Management LLC’s holdings in OneMain were worth $2,126,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. EdgeRock Capital LLC bought a new position in shares of OneMain during the 2nd quarter worth about $31,000. International Assets Investment Management LLC bought a new position in OneMain in the second quarter worth approximately $34,000. Blue Trust Inc. grew its stake in 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 acquiring an additional 225 shares during the period. Abich Financial Wealth Management LLC increased its holdings in shares of OneMain by 46.1% during 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. Finally, UMB Bank n.a. raised its position in shares of OneMain by 32.6% during the second quarter. UMB Bank n.a. now owns 1,779 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 437 shares during the period. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on OMF. Wells Fargo & Company reduced their price target on shares of OneMain from $53.00 to $49.00 and set an “equal weight” rating for the company in a research report on Monday, October 14th. Barclays cut shares of OneMain from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $52.00 to $46.00 in a report on Tuesday, October 8th. StockNews.com lowered shares of OneMain from a “buy” rating to a “hold” rating in a report on Saturday. JMP Securities reiterated a “market outperform” rating and set a $60.00 price target on shares of OneMain in a research note on Monday, October 14th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $58.00 price objective on shares of OneMain in a research note on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.00.

Insider Buying and Selling at OneMain

In other news, CEO Douglas H. Shulman sold 15,000 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $46.30, for a total transaction 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Douglas H. Shulman sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $50.00, for a total value of $250,000.00. Following the sale, the chief executive officer now owns 417,474 shares of the company’s stock, valued at $20,873,700. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Douglas H. Shulman sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $46.30, for a total transaction of $694,500.00. Following the completion of the transaction, the chief executive officer now directly owns 422,474 shares of the company’s stock, valued at approximately $19,560,546.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,300 shares of company stock valued at $1,534,275. Company insiders own 0.45% of the company’s stock.

OneMain Stock Performance

NYSE OMF opened at $47.47 on Wednesday. The company has a market capitalization of $5.69 billion, a PE ratio of 9.25, a price-to-earnings-growth ratio of 0.89 and a beta of 1.56. OneMain Holdings, Inc. has a 52-week low of $35.13 and a 52-week high of $54.94. The company has a 50-day simple moving average of $46.98 and a 200 day simple moving average of $48.29.

OneMain (NYSE:OMF) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.12. The company 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 20.63%. During the same quarter last year, the business posted $1.01 EPS. As a group, analysts forecast that OneMain Holdings, Inc. will post 4.91 EPS for the current fiscal year.

OneMain 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.