Dynamic Technology Lab Private Ltd Has $713,000 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 OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 105.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm 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 at the end of the most recent reporting period.

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

OneMain Stock Performance

OneMain stock traded down $1.19 during mid-day trading on Friday, reaching $60.57. The company's stock had a trading volume of 611,307 shares, compared to its average volume of 763,223. The company has a market capitalization of $7.20 billion, a price-to-earnings ratio of 10.93, a price-to-earnings-growth ratio of 0.48 and a beta of 1.30. OneMain Holdings, Inc. has a 12 month low of $38.00 and a 12 month high of $63.24. The business's 50 day simple moving average is $58.90 and its 200 day simple moving average is $53.11.

OneMain (NYSE:OMF - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The financial services provider reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.25 by $0.20. The firm had revenue of $1.20 billion during 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 company's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.02 earnings per share. As a group, sell-side analysts expect that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 13th. Shareholders of record on Monday, August 4th were paid a $1.04 dividend. The ex-dividend date was Monday, August 4th. This represents a $4.16 dividend on an annualized basis and a yield of 6.9%. OneMain's dividend payout ratio (DPR) is currently 75.09%.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other OneMain news, CEO Douglas H. Shulman sold 35,000 shares of the stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $59.47, for a total value of $2,081,450.00. Following the completion of the sale, the chief executive officer owned 275,100 shares in the company, valued at $16,360,197. This trade represents a 11.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Micah R. Conrad sold 3,000 shares of the stock in a transaction 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 completion of the sale, the chief operating officer owned 98,007 shares of the company's stock, valued at approximately $5,880,420. This represents a 2.97% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,000 shares of company stock valued at $3,715,340. Corporate insiders own 0.40% of the company's stock.

OneMain Company 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.