Marshall Financial Group LLC Buys Shares of 17,688 OneMain Holdings, Inc. $OMF

Key Points

• Marshall Financial Group LLC acquired 17,688 shares in OneMain Holdings, valued at approximately $1,050,000, during the 2nd quarter.
• OneMain reported $1.45 EPS for the last quarter, exceeding estimates by $0.20, alongside a revenue of $1.20 billion, marking a year-over-year increase of 7.1%.
• The company declared a quarterly dividend of $1.04 per share, representing an annualized yield of 6.9% with a payout ratio of 75.09%.

Marshall Financial Group LLC bought a new position in OneMain Holdings, Inc. (NYSE:OMF - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 17,688 shares of the financial services provider's stock, valued at approximately $1,050,000.

Several other hedge funds also recently made changes to their positions in OMF. Ameriprise Financial Inc. increased its stake in shares of OneMain by 4.3% in the fourth quarter. Ameriprise Financial Inc. now owns 87,527 shares of the financial services provider's stock worth $4,563,000 after buying an additional 3,631 shares during the period. Bank of America Corp DE increased its position in OneMain by 7.7% during the 4th quarter. Bank of America Corp DE now owns 318,669 shares of the financial services provider's stock valued at $16,612,000 after purchasing an additional 22,860 shares during the period. Cetera Investment Advisers increased its position in OneMain by 5.6% during the 4th quarter. Cetera Investment Advisers now owns 30,889 shares of the financial services provider's stock valued at $1,610,000 after purchasing an additional 1,631 shares during the period. Focus Partners Wealth purchased a new position in OneMain during the 4th quarter valued at $232,000. Finally, Quantinno Capital Management LP increased its position in OneMain by 10.7% during the 4th quarter. Quantinno Capital Management LP now owns 30,693 shares of the financial services provider's stock valued at $1,600,000 after purchasing an additional 2,961 shares during the period. 85.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Barclays boosted their price objective on shares of OneMain from $48.00 to $56.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. upped their target price on shares of OneMain from $50.00 to $63.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Finally, Wells Fargo & Company began coverage on shares of OneMain in a research report on Monday, August 25th. They issued an "equal weight" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $61.50.

OneMain Price Performance

Shares of NYSE OMF traded down $0.25 during midday trading on Monday, reaching $60.58. 225,480 shares of the stock traded hands, compared to its average volume of 1,060,658. The stock has a market capitalization of $7.20 billion, a PE ratio of 10.94, a P/E/G ratio of 0.47 and a beta of 1.30. OneMain Holdings, Inc. has a one year low of $38.00 and a one year high of $63.24. The company's 50 day moving average is $59.07 and its 200 day moving average is $53.46.

OneMain (NYSE:OMF - Get Free Report) last posted its earnings results on Friday, July 25th. The financial services provider reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.25 by $0.20. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. OneMain had a return on equity of 20.65% and a net margin of 12.63%.The company's quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.02 EPS. As a group, equities analysts forecast that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 13th. Investors of record on Monday, August 4th were given a $1.04 dividend. The ex-dividend date was Monday, August 4th. This represents a $4.16 dividend on an annualized basis and a yield of 6.9%. OneMain's dividend payout ratio (DPR) is currently 75.09%.

Insiders Place Their Bets

In other news, CEO Douglas H. Shulman sold 35,000 shares of OneMain stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $59.47, for a total transaction of $2,081,450.00. Following the completion of the sale, the chief executive officer directly owned 275,100 shares in the company, valued at approximately $16,360,197. This trade represents a 11.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Micah R. Conrad sold 3,000 shares of OneMain stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $60.00, for a total value of $180,000.00. Following the sale, the chief operating officer owned 98,007 shares of the company's stock, valued at approximately $5,880,420. This trade represents a 2.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,000 shares of company stock valued at $2,664,140. 0.40% of the stock is owned by corporate insiders.

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.