225,058 Shares in OneMain Holdings, Inc. $OMF Purchased by Man Group plc

Man Group plc purchased a new position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 225,058 shares of the financial services provider's stock, valued at approximately $13,722,000. Man Group plc owned about 0.20% of OneMain as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of OMF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of OneMain during the 1st quarter worth approximately $2,037,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in OneMain by 2.1% in the 1st 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 acquiring an additional 9,067 shares during the period. Focus Partners Wealth raised its stake 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 acquiring an additional 4,407 shares during the period. Prudential Financial Inc. lifted its holdings in OneMain by 32.9% during the 2nd quarter. Prudential Financial Inc. now owns 9,492 shares of the financial services provider's stock valued at $541,000 after purchasing an additional 2,350 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings 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 purchasing an additional 4,084 shares during the last quarter. Institutional investors own 85.82% of the company's stock.

Insider Activity

In related news, SVP Michael A. Hedlund sold 2,500 shares of the firm's stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $64.00, for a total transaction of $160,000.00. Following the transaction, the senior vice president directly owned 10,627 shares of the company's stock, valued at approximately $680,128. This trade represents a 19.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Micah R. Conrad sold 5,000 shares of OneMain stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $62.00, for a total transaction of $310,000.00. Following the completion of the sale, the chief operating officer owned 96,250 shares of the company's stock, valued at $5,967,500. This trade represents a 4.94% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 14,348 shares of company stock worth $911,576 over the last 90 days. 0.29% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

OMF has been the topic of several research reports. TD Cowen upped their price objective on shares of OneMain from $66.00 to $68.00 and gave the company a "buy" rating in a report on Tuesday, July 7th. Weiss Ratings restated a "buy (b-)" rating on shares of OneMain in a research note on Tuesday, July 7th. Evercore set a $66.00 target price on shares of OneMain in a research note on Monday, July 6th. Truist Financial upped their price target on shares of OneMain from $70.00 to $71.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of OneMain in a research note on Friday, July 10th. Eight investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $68.40.

OneMain Price Performance

OMF opened at $63.95 on Friday. The business has a fifty day simple moving average of $61.69 and a 200 day simple moving average of $57.57. The company has a market capitalization of $7.36 billion, a PE ratio of 9.63, a price-to-earnings-growth ratio of 0.48 and a beta of 1.21. OneMain Holdings, Inc. has a 1 year low of $45.78 and a 1 year high of $71.93.

OneMain (NYSE:OMF - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.05. The firm had revenue of $1.62 billion for the quarter, compared to analysts' expectations of $1.28 billion. OneMain had a return on equity of 23.49% and a net margin of 13.92%.The company's quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.45 EPS. Equities analysts anticipate that OneMain Holdings, Inc. will post 7.11 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 10th were paid a $1.05 dividend. The ex-dividend date was Monday, August 10th. This represents a $4.20 annualized dividend and a dividend yield of 6.6%. OneMain's dividend payout ratio is 63.25%.

About OneMain

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.

Want to see what other hedge funds are holding OMF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for OneMain Holdings, Inc. (NYSE:OMF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source