Crossmark Global Holdings Inc. Purchases New Position in OneMain Holdings, Inc. $OMF

Key Points

• Crossmark Global Holdings initiated a new position in OneMain (NYSE:OMF) in Q3, acquiring 19,609 shares worth about $1.11 million; institutional investors now own 85.82% of the stock.
• OneMain beat quarterly expectations with $1.59 EPS (vs. $1.55 est.) and $1.61B revenue, and pays a quarterly dividend of $1.05 (annualized $4.20) for a roughly 7.8% yield.
• CEO Douglas H. Shulman sold 57,500 shares on Jan 2 for about $3.93 million (a 24.8% reduction in his stake); corporate insiders collectively own just 0.40% of the company.

Crossmark Global Holdings Inc. acquired a new position in OneMain Holdings, Inc. (NYSE:OMF - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 19,609 shares of the financial services provider's stock, valued at approximately $1,107,000.

A number of other institutional investors and hedge funds have also bought and sold shares of OMF. Geneos Wealth Management Inc. grew its position in shares of OneMain by 9.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,112 shares of the financial services provider's stock worth $120,000 after buying an additional 176 shares in the last quarter. Prime Capital Investment Advisors LLC raised its holdings in shares of OneMain by 3.9% in the third quarter. Prime Capital Investment Advisors LLC now owns 4,710 shares of the financial services provider's stock valued at $266,000 after acquiring an additional 177 shares in the last quarter. KLP Kapitalforvaltning AS raised its holdings in shares of OneMain by 0.8% in the third quarter. KLP Kapitalforvaltning AS now owns 24,800 shares of the financial services provider's stock valued at $1,400,000 after acquiring an additional 200 shares in the last quarter. Central Pacific Bank Trust Division lifted its stake in OneMain by 2.5% in the third quarter. Central Pacific Bank Trust Division now owns 8,284 shares of the financial services provider's stock worth $468,000 after acquiring an additional 205 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in OneMain by 5.0% in the third quarter. PNC Financial Services Group Inc. now owns 4,423 shares of the financial services provider's stock worth $250,000 after acquiring an additional 209 shares during the period. 85.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on OMF shares. Stephens cut their target price on shares of OneMain to $76.00 and set an "overweight" rating on the stock in a research report on Friday, February 6th. JPMorgan Chase & Co. dropped their price objective on shares of OneMain from $65.00 to $63.00 and set an "underweight" rating on the stock in a research note on Friday, February 6th. Weiss Ratings reissued a "buy (b-)" rating on shares of OneMain in a report on Monday, December 29th. Barclays set a $71.00 price objective on shares of OneMain in a research note on Friday, February 6th. Finally, Royal Bank Of Canada upped their target price on OneMain from $70.00 to $73.00 and gave the stock an "outperform" rating in a report on Friday, February 6th. Eight investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $72.11.

OneMain Stock Performance

NYSE:OMF opened at $53.99 on Tuesday. The company's 50-day simple moving average is $62.19 and its 200-day simple moving average is $61.22. OneMain Holdings, Inc. has a fifty-two week low of $38.00 and a fifty-two week high of $71.93. The stock has a market capitalization of $6.32 billion, a P/E ratio of 8.22, a P/E/G ratio of 0.31 and a beta of 1.34.

OneMain (NYSE:OMF - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.59 EPS for the quarter, topping the consensus estimate of $1.55 by $0.04. OneMain had a net margin of 14.35% and a return on equity of 23.76%. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the business posted $1.16 EPS. On average, research analysts forecast that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 23rd. Stockholders of record on Tuesday, February 17th were issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 7.8%. The ex-dividend date was Tuesday, February 17th. OneMain's dividend payout ratio is currently 63.93%.

Insider Buying and Selling at OneMain

In related news, CEO Douglas H. Shulman sold 57,500 shares of the company's stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $68.41, for a total transaction of $3,933,575.00. Following the transaction, the chief executive officer directly owned 174,100 shares of the company's stock, valued at $11,910,181. This represents a 24.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Micah R. Conrad sold 5,000 shares of the stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $58.00, for a total value of $290,000.00. Following the completion of the sale, the chief operating officer owned 106,250 shares of the company's stock, valued at approximately $6,162,500. This trade represents a 4.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.40% of the company's stock.

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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