Cwm LLC Acquires 7,109 Shares of OneMain Holdings, Inc. $OMF

Key Points

• Cwm LLC increased its holdings in OneMain Holdings by 18.3%, acquiring an additional 7,109 shares, bringing their total to 45,981 shares valued at approximately $2.62 million.
• OneMain reported earnings of $1.45 per share, exceeding analyst estimates of $1.25, with revenue of $1.20 billion for the quarter, marking a 7.1% year-over-year increase.
• The company recently declared a quarterly dividend of $1.04 per share, translating to an annualized dividend yield of 7.7% with a payout ratio of 75.09%.

Cwm LLC increased its holdings in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 18.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,981 shares of the financial services provider's stock after buying an additional 7,109 shares during the period. Cwm LLC's holdings in OneMain were worth $2,621,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of OMF. Kingstone Capital Partners Texas LLC bought a new position in OneMain in the 2nd quarter worth approximately $611,102,000. Nuveen LLC bought a new position in OneMain in the 1st quarter worth approximately $48,282,000. Cooperman Leon G boosted its holdings in OneMain by 187.7% in the 1st quarter. Cooperman Leon G now owns 889,000 shares of the financial services provider's stock worth $43,454,000 after buying an additional 580,000 shares during the period. Fiduciary Management Inc. WI boosted its holdings in OneMain by 21.8% in the 1st quarter. Fiduciary Management Inc. WI now owns 2,647,875 shares of the financial services provider's stock worth $129,428,000 after buying an additional 474,161 shares during the period. Finally, Certuity LLC boosted its holdings in OneMain by 86.0% in the 1st quarter. Certuity LLC now owns 930,012 shares of the financial services provider's stock worth $45,459,000 after buying an additional 430,011 shares during the period. 85.82% of the stock is owned by institutional investors.

OneMain Stock Performance

OneMain stock opened at $54.19 on Friday. The firm's fifty day moving average price is $58.57 and its 200-day moving average price is $54.42. The stock has a market cap of $6.44 billion, a P/E ratio of 9.78, a price-to-earnings-growth ratio of 0.43 and a beta of 1.32. OneMain Holdings, Inc. has a fifty-two week low of $38.00 and a fifty-two week high of $63.24.

OneMain (NYSE:OMF - Get Free Report) last posted 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 for the quarter, compared to analysts' expectations of $1.19 billion. OneMain had a net margin of 12.63% and a return on equity of 20.65%. The business's quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the company posted $1.02 EPS. On average, analysts predict that OneMain Holdings, Inc. will post 6.46 earnings per share for the current year.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 13th. Stockholders of record on Monday, August 4th were given a dividend of $1.04 per share. The ex-dividend date was Monday, August 4th. This represents a $4.16 annualized dividend and a dividend yield of 7.7%. OneMain's dividend payout ratio (DPR) is 75.09%.

Insider Buying and Selling at OneMain

In other news, CEO Douglas H. Shulman sold 35,000 shares of the firm's stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $59.47, for a total transaction of $2,081,450.00. Following the sale, 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on OMF shares. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $57.00 target price (down from $63.00) on shares of OneMain in a research note on Tuesday, October 7th. Barclays increased their target price on shares of OneMain from $48.00 to $56.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Wall Street Zen cut shares of OneMain from a "buy" rating to a "hold" rating in a research note on Saturday, October 11th. Wells Fargo & Company started coverage on shares of OneMain in a research note on Monday, August 25th. They issued an "equal weight" rating on the stock. Finally, JMP Securities lowered their target price on shares of OneMain from $65.00 to $63.00 and set a "market outperform" rating on the stock in a research note on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, OneMain presently has an average rating of "Moderate Buy" and an average target price of $60.50.

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.

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