Caisse de depot et placement du Quebec Takes $4.10 Million Position in OneMain Holdings, Inc. $OMF

Caisse de depot et placement du Quebec bought a new stake in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 67,200 shares of the financial services provider's stock, valued at approximately $4,097,000. Caisse de depot et placement du Quebec owned 0.06% of OneMain 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 stock. Kendall Capital Management acquired a new position in shares of OneMain during the second quarter worth $1,483,000. The Manufacturers Life Insurance Company grew its holdings in OneMain by 73.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 37,962 shares of the financial services provider's stock valued at $2,031,000 after purchasing an additional 16,117 shares in the last quarter. Bank of America Corp DE grew its holdings in OneMain by 117.8% during the 1st quarter. Bank of America Corp DE now owns 843,912 shares of the financial services provider's stock valued at $45,141,000 after purchasing an additional 456,470 shares in the last quarter. Kingsview Wealth Management LLC purchased a new stake in OneMain during the 4th quarter worth $5,310,000. Finally, State of Wyoming purchased a new stake in OneMain during the 2nd quarter worth $1,832,000. 85.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other OneMain news, SVP Michael A. Hedlund sold 2,500 shares of the company's stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $64.00, for a total transaction of $160,000.00. Following the sale, the senior vice president owned 10,627 shares in the company, valued at $680,128. This represents a 19.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Micah R. Conrad sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $65.40, for a total value of $327,000.00. Following the sale, the chief operating officer owned 91,250 shares in the company, valued at $5,967,750. The trade was a 5.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 14,348 shares of company stock valued at $911,576. 0.29% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

OMF has been the topic of a number of recent analyst reports. Royal Bank Of Canada boosted their price objective on shares of OneMain from $70.00 to $73.00 and gave the stock an "outperform" rating in a report on Thursday, July 30th. TD Cowen raised 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. Citigroup reaffirmed a "market outperform" rating on shares of OneMain in a research report on Thursday, July 30th. Evercore set a $66.00 price target on OneMain in a research note on Monday, July 6th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of OneMain in a report on Tuesday, July 7th. Eight analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, OneMain presently has a consensus rating of "Moderate Buy" and an average price target of $68.40.

OneMain Price Performance

OMF opened at $62.95 on Friday. OneMain Holdings, Inc. has a 12-month low of $45.78 and a 12-month high of $71.93. The stock has a market capitalization of $7.24 billion, a PE ratio of 9.48, a P/E/G ratio of 0.48 and a beta of 1.21. The firm's fifty day moving average price is $61.78 and its 200 day moving average price is $57.61.

OneMain (NYSE:OMF - Get Free Report) last announced 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 company had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.28 billion. OneMain had a net margin of 13.92% and a return on equity of 23.49%. The firm's revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the business earned $1.45 EPS. On average, equities research analysts forecast that OneMain Holdings, Inc. will post 7.11 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The company 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. This represents a $4.20 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date was Monday, August 10th. OneMain's dividend payout ratio (DPR) is 63.25%.

OneMain Company Profile

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.

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