Callan Family Office LLC Invests $704,000 in OneMain Holdings, Inc. $OMF

Key Points

• Callan Family Office LLC invested $704,000 in OneMain Holdings, acquiring 12,351 shares, as disclosed in their recent 13F filing with the SEC.
• OneMain announced a quarterly dividend of $1.04 per share, reflecting an annualized yield of 7.8%, with a dividend payout ratio of 75.09%.
• Analysts have varying opinions on OneMain, with an average target price set at $60.50, and ratings ranging from "Strong Buy" to "Hold".

Callan Family Office LLC acquired a new position in OneMain Holdings, Inc. (NYSE:OMF - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 12,351 shares of the financial services provider's stock, valued at approximately $704,000.

A number of other large investors also recently modified their holdings of OMF. Alpine Bank Wealth Management purchased a new position in shares of OneMain in the 1st quarter worth about $27,000. SVB Wealth LLC purchased a new stake in shares of OneMain during the 1st quarter valued at about $34,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of OneMain during the 1st quarter valued at about $42,000. Headlands Technologies LLC purchased a new stake in shares of OneMain during the 1st quarter valued at about $46,000. Finally, GAMMA Investing LLC raised its holdings in shares of OneMain by 191.9% during the 1st quarter. GAMMA Investing LLC now owns 1,007 shares of the financial services provider's stock valued at $49,000 after buying an additional 662 shares during the period. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

OMF has been the topic of several analyst reports. JMP Securities dropped their target price on OneMain from $65.00 to $63.00 and set a "market outperform" rating on the stock in a report on Monday. Wells Fargo & Company initiated coverage on OneMain in a report on Monday, August 25th. They set an "equal weight" rating on the stock. Weiss Ratings reiterated a "buy (b-)" rating on shares of OneMain in a report on Wednesday, October 8th. Barclays raised their target price on OneMain from $48.00 to $56.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Finally, Wall Street Zen lowered OneMain from a "buy" rating to a "hold" rating in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, OneMain has an average rating of "Moderate Buy" and an average target price of $60.50.

OneMain Trading Up 2.1%

Shares of OMF opened at $53.23 on Tuesday. The firm has a market cap of $6.33 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 0.42 and a beta of 1.32. The stock has a 50 day moving average of $58.68 and a 200-day moving average of $54.31. OneMain Holdings, Inc. has a 52 week low of $38.00 and a 52 week high of $63.24.

OneMain (NYSE:OMF - Get Free Report) last issued its earnings results on Friday, July 25th. The financial services provider reported $1.45 EPS for the quarter, topping the consensus estimate of $1.25 by $0.20. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. OneMain had a return on equity of 20.65% and a net margin of 12.63%.The business's revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.02 EPS. On average, sell-side analysts predict that OneMain Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

OneMain Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 13th. Stockholders 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 annualized dividend and a dividend yield of 7.8%. OneMain's dividend payout ratio (DPR) is presently 75.09%.

Insider Activity at OneMain

In other news, CEO Douglas H. Shulman sold 35,000 shares of OneMain stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $59.47, for a total value of $2,081,450.00. Following the completion of the transaction, the chief executive officer owned 275,100 shares in the company, valued at approximately $16,360,197. This trade represents a 11.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.40% of the company's stock.

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.

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