88,000 Shares of OneMain Holdings, Inc. $OMF Acquired by CX Institutional

Key Points

• CX Institutional acquired 88,000 OneMain Holdings shares during the third quarter, valued at approximately $4.87 million and representing about 0.08% of the company. Institutional investors collectively own 85.82% of OMF.
• Analysts maintain a generally positive outlook, with nine Buy ratings, three Holds and one Sell. OneMain has a consensus “Moderate Buy” rating and an average price target of $67.73.
• OneMain reported quarterly earnings of $1.31 per share, exceeding estimates, while revenue rose 6.7% year over year to $1.62 billion. The company also paid a quarterly dividend of $1.05 per share, equivalent to a 7.5% annualized yield.

CX Institutional purchased a new stake in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 88,000 shares of the financial services provider's stock, valued at approximately $4,874,000. CX Institutional owned approximately 0.08% of OneMain as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of OMF. New York State Teachers Retirement System grew its stake in shares of OneMain by 1.7% in the 1st quarter. New York State Teachers Retirement System now owns 11,131 shares of the financial services provider's stock worth $595,000 after purchasing an additional 189 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of OneMain by 32.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,011 shares of the financial services provider's stock worth $62,000 after acquiring an additional 246 shares in the last quarter. Ariadne Wealth Management LP raised its position in shares of OneMain by 7.3% during the first quarter. Ariadne Wealth Management LP now owns 3,763 shares of the financial services provider's stock worth $201,000 after purchasing an additional 255 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of OneMain by 0.5% during the second quarter. Envestnet Asset Management Inc. now owns 59,206 shares of the financial services provider's stock valued at $3,609,000 after purchasing an additional 280 shares during the last quarter. Finally, Aviance Capital Partners LLC lifted its holdings in shares of OneMain by 0.9% during the first quarter. Aviance Capital Partners LLC now owns 33,293 shares of the financial services provider's stock valued at $1,781,000 after purchasing an additional 287 shares during the last quarter. Institutional investors own 85.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Bank of America reduced their price objective on shares of OneMain from $71.00 to $67.00 and set a "buy" rating for the company in a research note on Monday, September 28th. Evercore set a $60.00 target price on OneMain in a research report on Thursday. Citigroup reissued a "market outperform" rating on shares of OneMain in a research note on Thursday, July 30th. TD Cowen lifted their target price on OneMain from $66.00 to $68.00 and gave the company a "buy" rating in a research note on Tuesday, July 7th. Finally, Royal Bank Of Canada upped their target price on OneMain from $70.00 to $73.00 and gave the company an "outperform" rating in a report on Thursday, July 30th. Nine analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, OneMain presently has a consensus rating of "Moderate Buy" and an average price target of $67.73.

OneMain Stock Performance

NYSE OMF opened at $56.01 on Friday. The stock has a 50-day simple moving average of $62.10 and a 200 day simple moving average of $58.37. OneMain Holdings, Inc. has a twelve month low of $45.78 and a twelve month high of $71.93. The stock has a market capitalization of $6.44 billion, a PE ratio of 8.43, a P/E/G ratio of 0.44 and a beta of 1.24.

OneMain (NYSE:OMF - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.31 EPS for the quarter, topping the consensus estimate of $1.26 by $0.05. OneMain had a return on equity of 23.49% and a net margin of 13.92%.The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the business posted $1.45 EPS. The company's revenue for the quarter was up 6.7% on a year-over-year basis. As a group, equities research analysts forecast that OneMain Holdings, Inc. will post 6.93 EPS for the current fiscal year.

OneMain Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 10th were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $4.20 dividend on an annualized basis and a yield of 7.5%. OneMain's dividend payout ratio (DPR) is 63.25%.

Insider Transactions at OneMain

In other OneMain news, COO Micah Conrad sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $65.40, for a total value of $327,000.00. Following the completion of the transaction, the chief operating officer owned 91,250 shares of the company's stock, valued at $5,967,750. This represents a 5.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Michael Hedlund sold 2,500 shares of OneMain stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $64.00, for a total value of $160,000.00. Following the sale, the senior vice president directly owned 10,627 shares in the company, valued at $680,128. The trade was a 19.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is owned by company insiders.

About OneMain

OneMain Holdings, Inc, operating under the OneMain Financial brand, is a consumer finance company focused on providing personal loans to customers in the United States. Its products are primarily unsecured and secured installment loans designed for purposes such as debt consolidation, home improvements, unexpected expenses and major purchases.

OneMain also offers optional insurance products and other ancillary services related to its lending activities. The company serves customers through a combination of local branches, online platforms and digital application tools, supporting borrowers who may not be served by traditional banks.

OneMain's history traces back to consumer-finance operations established in the early 20th century.

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