Edgestream Partners L.P. Acquires Shares of 105,262 OneMain Holdings, Inc. (NYSE:OMF)

Edgestream Partners L.P. bought a new position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 105,262 shares of the financial services provider's stock, valued at approximately $5,145,000. Edgestream Partners L.P. owned about 0.09% of OneMain at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Prosperity Consulting Group LLC increased its holdings in shares of OneMain by 4.8% in the fourth quarter. Prosperity Consulting Group LLC now owns 6,075 shares of the financial services provider's stock valued at $317,000 after purchasing an additional 281 shares during the period. Essex Financial Services Inc. raised its stake in shares of OneMain by 6.7% in 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 during the last quarter. Hancock Whitney Corp raised its stake in shares of OneMain by 1.3% in the fourth quarter. Hancock Whitney Corp now owns 22,212 shares of the financial services provider's stock worth $1,158,000 after purchasing an additional 295 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of OneMain by 5.2% in the fourth quarter. NewEdge Advisors LLC now owns 6,809 shares of the financial services provider's stock worth $355,000 after purchasing an additional 334 shares during the last quarter. Finally, Allworth Financial LP raised its stake in shares of OneMain by 21.7% in 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 during the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at OneMain

In related news, CEO Douglas H. Shulman sold 40,000 shares of the firm's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $50.00, for a total transaction of $2,000,000.00. Following the transaction, the chief executive officer owned 368,925 shares of the company's stock, valued at $18,446,250. This trade represents a 9.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Micah R. Conrad sold 5,000 shares of the firm's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $52.21, for a total value of $261,050.00. Following the transaction, the chief operating officer directly owned 108,007 shares in the company, valued at approximately $5,639,045.47. This represents a 4.42% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 100,000 shares of company stock worth $5,082,190. Corporate insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on OMF. Northland Securities raised OneMain from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 8th. Barclays increased their price target on OneMain from $48.00 to $56.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. JMP Securities reaffirmed a "market outperform" rating and issued a $65.00 price target on shares of OneMain in a report on Wednesday, April 30th. Wells Fargo & Company increased their price objective on OneMain from $53.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Finally, Evercore ISI began coverage on OneMain in a research report on Tuesday, March 25th. They set an "in-line" rating and a $58.00 price target for the company. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $60.78.

OneMain Stock Down 0.6%

OneMain stock traded down $0.34 during midday trading on Friday, reaching $57.19. The company's stock had a trading volume of 153,354 shares, compared to its average volume of 1,107,058. The business has a 50-day simple moving average of $54.22 and a 200-day simple moving average of $52.00. OneMain Holdings, Inc. has a fifty-two week low of $38.00 and a fifty-two week high of $60.12. The company has a market cap of $6.80 billion, a P/E ratio of 12.09, a P/E/G ratio of 0.49 and a beta of 1.32.

OneMain (NYSE:OMF - Get Free Report) last posted its earnings results on Tuesday, April 29th. The financial services provider reported $1.72 EPS for the quarter, topping analysts' consensus estimates of $1.55 by $0.17. OneMain had a return on equity of 19.30% and a net margin of 11.06%. The business had revenue of $188.00 million for the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter in the previous year, the firm earned $1.45 earnings per share. The business's revenue was up 7.1% compared to the same quarter last year. As a group, equities analysts forecast that OneMain Holdings, Inc. will post 6.46 earnings per share for the current year.

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 9th were issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.27%. The ex-dividend date of this dividend was Friday, May 9th. OneMain's dividend payout ratio is currently 87.95%.

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.