Coppell Advisory Solutions LLC Has $272,000 Stake in OneMain Holdings, Inc. $OMF

Key Points

• Coppell Advisory Solutions LLC significantly increased its stake in OneMain Holdings by 1,920.7%, owning 5,557 shares worth $272,000 after purchasing 5,282 additional shares in Q1.
• Analyst ratings for OneMain include one Strong Buy, six Buy, and three Hold, with an average price target of $61.50, reflecting optimism in the stock's performance.
• OneMain declared a quarterly dividend of $1.04, resulting in an annual yield of 6.8% and highlighting its commitment to returning value to shareholders.

Coppell Advisory Solutions LLC raised its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 1,920.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,557 shares of the financial services provider's stock after acquiring an additional 5,282 shares during the quarter. Coppell Advisory Solutions LLC's holdings in OneMain were worth $272,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Essex Financial Services Inc. grew its stake in OneMain by 6.7% during the 1st quarter. Essex Financial Services Inc. now owns 4,591 shares of the financial services provider's stock valued at $224,000 after acquiring an additional 288 shares in the last quarter. Deutsche Bank AG grew its stake in OneMain by 0.8% during the 1st quarter. Deutsche Bank AG now owns 36,581 shares of the financial services provider's stock valued at $1,788,000 after acquiring an additional 290 shares in the last quarter. Allworth Financial LP grew its stake in OneMain by 21.7% during the 1st quarter. Allworth Financial LP now owns 1,976 shares of the financial services provider's stock valued at $96,000 after acquiring an additional 352 shares in the last quarter. Independent Advisor Alliance grew its stake in OneMain by 2.2% during the 1st quarter. Independent Advisor Alliance now owns 16,479 shares of the financial services provider's stock valued at $805,000 after acquiring an additional 357 shares in the last quarter. Finally, SlateStone Wealth LLC grew its stake in OneMain by 5.7% during the 1st quarter. SlateStone Wealth LLC now owns 7,474 shares of the financial services provider's stock valued at $365,000 after acquiring an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 85.82% of the company's stock.

OneMain Trading Down 1.9%

OneMain stock traded down $1.19 during trading hours on Friday, reaching $60.57. 611,307 shares of the company were exchanged, compared to its average volume of 763,223. The firm has a market cap of $7.20 billion, a price-to-earnings ratio of 10.93, a PEG ratio of 0.48 and a beta of 1.30. The stock has a 50-day moving average of $58.90 and a 200 day moving average of $53.11. OneMain Holdings, Inc. has a 12 month low of $38.00 and a 12 month high of $63.24.

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

OneMain Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 13th. Stockholders of record on Monday, August 4th were issued a dividend of $1.04 per share. The ex-dividend date was Monday, August 4th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 6.9%. OneMain's payout ratio is 75.09%.

Analyst Upgrades and Downgrades

OMF has been the subject of several recent research reports. Barclays boosted their price target on OneMain from $48.00 to $56.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Wells Fargo & Company initiated coverage on OneMain in a research note on Monday, August 25th. They issued an "equal weight" rating for the company. Finally, JPMorgan Chase & Co. boosted their price target on OneMain from $50.00 to $63.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $61.50.

Insider Buying and Selling

In other news, COO Micah R. Conrad sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $58.02, for a total transaction of $232,080.00. Following the completion of the transaction, the chief operating officer directly owned 101,007 shares in the company, valued at $5,860,426.14. The trade was a 3.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas H. Shulman sold 35,000 shares of the company's 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 transaction, the chief executive officer owned 275,100 shares of the company's stock, valued at approximately $16,360,197. This trade represents a 11.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,000 shares of company stock valued at $3,715,340. Corporate 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.