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

Other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its stake in shares of OneMain by 56.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 121,577 shares of the financial services provider's stock worth $5,966,000 after buying an additional 43,915 shares during the last quarter. GAMMA Investing LLC raised its stake in OneMain by 191.9% in the first quarter. GAMMA Investing LLC now owns 1,007 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 662 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of OneMain by 5.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,851 shares of the financial services provider's stock valued at $1,251,000 after buying an additional 1,441 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in shares of OneMain in the 1st quarter valued at approximately $853,000. Finally, SG Americas Securities LLC increased its position in OneMain by 171.9% in the 1st quarter. SG Americas Securities LLC now owns 10,874 shares of the financial services provider's stock valued at $532,000 after acquiring an additional 6,875 shares during the period. 85.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. raised their price objective on OneMain from $50.00 to $63.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Barclays lifted their price objective on shares of OneMain from $48.00 to $56.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Finally, Wells Fargo & Company initiated coverage on OneMain in a research note on Monday, August 25th. They set an "equal weight" rating for the company. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $61.50.

OneMain Price Performance

OneMain stock traded up $0.57 during mid-day trading on Monday, hitting $61.15. The company's stock had a trading volume of 263,339 shares, compared to its average volume of 1,064,198. OneMain Holdings, Inc. has a 12 month low of $38.00 and a 12 month high of $63.24. The business has a 50 day moving average price of $58.90 and a 200-day moving average price of $53.11. The stock has a market cap of $7.27 billion, a price-to-earnings ratio of 11.02, a price-to-earnings-growth ratio of 0.47 and a beta of 1.30.

OneMain (NYSE:OMF - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The financial services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.20. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate 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 in the previous year, the company posted $1.02 earnings per share. On average, equities research analysts expect that OneMain Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 13th. Shareholders of record on Monday, August 4th were given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend was Monday, August 4th. OneMain's payout ratio is 75.09%.

Insider Buying and Selling

In other OneMain news, CEO Douglas H. Shulman sold 35,000 shares of the business's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $59.47, for a total transaction of $2,081,450.00. Following the completion of the sale, the chief executive officer directly owned 275,100 shares in the company, valued at $16,360,197. The trade was a 11.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Micah R. Conrad sold 3,000 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $60.00, for a total transaction of $180,000.00. Following the sale, the chief operating officer owned 98,007 shares of the company's stock, valued at $5,880,420. This trade represents a 2.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,000 shares of company stock valued at $2,664,140. 0.40% of the stock is currently owned by insiders.

OneMain 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.