Deutsche Bank AG Makes New Investment in OneMain Holdings, Inc. $OMF

Key Points

• Deutsche Bank initiated a position in OneMain Holdings, buying 371,233 shares worth approximately $22.6 million. Institutional investors collectively own 85.82% of the company.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $68.40; several firms recently raised their targets to between $68 and $73.
• OneMain reported quarterly EPS of $1.31, exceeding estimates, while revenue rose 6.7% year over year to $1.62 billion. The company also paid a $1.05 quarterly dividend, representing a 6.6% annualized yield.

Deutsche Bank AG bought a new position in OneMain Holdings, Inc. (NYSE:OMF - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 371,233 shares of the financial services provider's stock, valued at approximately $22,634,000. Deutsche Bank AG owned 0.32% of OneMain as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in OneMain by 7.6% during the first quarter. Dimensional Fund Advisors LP now owns 4,342,241 shares of the financial services provider's stock worth $232,258,000 after acquiring an additional 308,370 shares during the period. Janus Henderson Group PLC increased its holdings in shares of OneMain by 7.7% in the 1st quarter. Janus Henderson Group PLC now owns 2,729,862 shares of the financial services provider's stock valued at $146,030,000 after purchasing an additional 195,591 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of OneMain by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 2,422,562 shares of the financial services provider's stock valued at $164,017,000 after purchasing an additional 15,941 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of OneMain by 17.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,310,513 shares of the financial services provider's stock valued at $156,075,000 after purchasing an additional 345,269 shares during the period. Finally, State Street Corp boosted its holdings in OneMain by 2.3% during the fourth quarter. State Street Corp now owns 2,305,246 shares of the financial services provider's stock worth $155,719,000 after buying an additional 51,592 shares in the last quarter. Hedge funds and other institutional investors own 85.82% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on OMF. Truist Financial boosted their target price on OneMain from $70.00 to $71.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. TD Cowen raised their price target on OneMain from $66.00 to $68.00 and gave the company a "buy" rating in a research report on Tuesday, July 7th. Citizens Jmp lifted their price target on OneMain from $68.00 to $70.00 and gave the stock a "market outperform" rating in a research note on Thursday, July 30th. Evercore set a $66.00 price objective on shares of OneMain in a research report on Monday, July 6th. Finally, Royal Bank Of Canada increased their price objective on shares of OneMain from $70.00 to $73.00 and gave the company an "outperform" rating in a research note on Thursday, July 30th. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, OneMain presently has a consensus rating of "Moderate Buy" and a consensus target price of $68.40.

Insider Activity at OneMain

In other news, SVP Michael A. Hedlund sold 2,500 shares of the business's stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $64.00, for a total transaction of $160,000.00. Following the completion of the sale, the senior vice president directly owned 10,627 shares of the company's stock, valued at $680,128. The trade was a 19.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Micah R. Conrad sold 5,000 shares of the business's stock in a transaction on Monday, June 29th. The shares were sold at an average price of $62.00, for a total transaction of $310,000.00. Following the sale, the chief operating officer directly owned 96,250 shares of the company's stock, valued at $5,967,500. This represents a 4.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 14,348 shares of company stock valued at $911,576 in the last ninety days. 0.29% of the stock is currently owned by company insiders.

OneMain Stock Up 2.5%

Shares of NYSE:OMF opened at $63.26 on Friday. The company has a market cap of $7.28 billion, a P/E ratio of 9.53, a P/E/G ratio of 0.47 and a beta of 1.21. The business has a fifty day simple moving average of $61.24 and a 200-day simple moving average of $57.61. OneMain Holdings, Inc. has a 52 week low of $45.78 and a 52 week high of $71.93.

OneMain (NYSE:OMF - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.26 by $0.05. The firm had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.28 billion. OneMain had a return on equity of 23.49% and a net margin of 13.92%.The firm's quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the company earned $1.45 EPS. Sell-side analysts expect that OneMain Holdings, Inc. will post 7.11 earnings per share for the current fiscal year.

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 10th were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $4.20 annualized dividend and a yield of 6.6%. OneMain's dividend payout ratio is 63.25%.

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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