Dynamic Technology Lab Private Ltd Grows Stock Holdings in OneMain Holdings, Inc. $OMF

Key Points

• Dynamic Technology Lab Private Ltd increased its stake in OneMain Holdings by 105.3% during the first quarter, acquiring an additional 7,478 shares, bringing its total holdings to 14,581 shares valued at $713,000.
• CEO Douglas H. Shulman sold 35,000 shares of OneMain stock for approximately $2.08 million, resulting in an 11.29% decrease in his position.
• Analysts have raised their price targets for OneMain, with JPMorgan increasing theirs from $50 to $63, reflecting positive sentiment as over 85% of the stock is owned by institutional investors.

Dynamic Technology Lab Private Ltd grew its position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 105.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,581 shares of the financial services provider's stock after purchasing an additional 7,478 shares during the period. Dynamic Technology Lab Private Ltd's holdings in OneMain were worth $713,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Essex Financial Services Inc. lifted its stake in OneMain by 6.7% during the first quarter. Essex Financial Services Inc. now owns 4,591 shares of the financial services provider's stock worth $224,000 after purchasing an additional 288 shares in the last quarter. Deutsche Bank AG lifted its stake in OneMain by 0.8% during the first quarter. Deutsche Bank AG now owns 36,581 shares of the financial services provider's stock worth $1,788,000 after purchasing an additional 290 shares in the last quarter. Allworth Financial LP lifted its stake in OneMain by 21.7% during the first quarter. Allworth Financial LP now owns 1,976 shares of the financial services provider's stock worth $96,000 after purchasing an additional 352 shares in the last quarter. Independent Advisor Alliance lifted its stake in OneMain by 2.2% during the first quarter. Independent Advisor Alliance now owns 16,479 shares of the financial services provider's stock worth $805,000 after purchasing an additional 357 shares in the last quarter. Finally, SlateStone Wealth LLC lifted its stake in OneMain by 5.7% during the first quarter. SlateStone Wealth LLC now owns 7,474 shares of the financial services provider's stock worth $365,000 after purchasing an additional 400 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

OneMain Trading Up 1.0%

NYSE:OMF traded up $0.59 during trading hours on Monday, hitting $61.17. The company's stock had a trading volume of 181,333 shares, compared to its average volume of 1,063,749. The stock has a market capitalization of $7.27 billion, a P/E ratio of 11.05, a price-to-earnings-growth ratio of 0.47 and a beta of 1.30. The stock has a fifty day moving average of $58.90 and a 200-day moving average of $53.11. OneMain Holdings, Inc. has a 52-week low of $38.00 and a 52-week high of $63.24.

OneMain (NYSE:OMF - Get Free Report) last posted its earnings results on Friday, July 25th. The financial services provider reported $1.45 EPS 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 analyst estimates of $1.19 billion. OneMain had a return on equity of 20.65% and a net margin of 12.63%.OneMain's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.02 earnings per share. On average, sell-side analysts forecast that OneMain Holdings, Inc. will post 6.46 earnings per share for the current year.

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 13th. Shareholders of record on Monday, August 4th were issued a dividend of $1.04 per share. The ex-dividend date of this dividend was Monday, August 4th. This represents a $4.16 annualized dividend and a dividend yield of 6.8%. OneMain's dividend payout ratio (DPR) is presently 75.09%.

Insider Activity

In other OneMain news, COO Micah R. Conrad sold 4,000 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $58.02, for a total transaction of $232,080.00. Following the transaction, the chief operating officer owned 101,007 shares of the company's stock, valued at approximately $5,860,426.14. This trade represents a 3.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas H. Shulman sold 35,000 shares of the firm's stock in a transaction dated 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 directly owned 275,100 shares in the company, valued at approximately $16,360,197. The trade was a 11.29% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,000 shares of company stock worth $2,664,140. Corporate insiders own 0.40% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Wells Fargo & Company assumed coverage on OneMain in a research note on Monday, August 25th. They set an "equal weight" rating on the stock. JPMorgan Chase & Co. upped their price objective on OneMain from $50.00 to $63.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Finally, Barclays upped their price objective on OneMain from $48.00 to $56.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $61.50.

About OneMain

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.