Focus Partners Advisor Solutions LLC Invests $1.04 Million in OneMain Holdings, Inc. $OMF

Key Points

• Focus Partners Advisor Solutions purchased 17,143 OneMain shares worth approximately $1.04 million, while institutional investors collectively own 85.82% of the company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $68.40; OneMain recently reported quarterly EPS of $1.31, exceeding estimates.
• OneMain declared a quarterly dividend of $1.05 per share, equating to an annualized dividend of $4.20 and a 6.4% yield. Insiders, however, sold 14,348 shares worth roughly $911,576 over the past three months.

Focus Partners Advisor Solutions LLC purchased a new stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 17,143 shares of the financial services provider's stock, valued at approximately $1,045,000.

A number of other institutional investors have also recently modified their holdings of OMF. The Manufacturers Life Insurance Company raised its holdings in OneMain by 73.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 37,962 shares of the financial services provider's stock valued at $2,031,000 after acquiring an additional 16,117 shares during the last quarter. Kingsview Wealth Management LLC acquired a new stake in shares of OneMain during the fourth quarter worth $5,310,000. Bank of America Corp DE boosted its holdings in shares of OneMain by 117.8% during the first quarter. Bank of America Corp DE now owns 843,912 shares of the financial services provider's stock worth $45,141,000 after purchasing an additional 456,470 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of OneMain by 39.0% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 126,492 shares of the financial services provider's stock valued at $8,553,000 after purchasing an additional 35,466 shares during the period. Finally, Financiere des Professionnels Fonds d investissement inc. purchased a new stake in shares of OneMain in the first quarter valued at $1,638,000. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OMF has been the topic of a number of research analyst reports. TD Cowen raised their price target on OneMain from $66.00 to $68.00 and gave the stock a "buy" rating in a research note on Tuesday, July 7th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of OneMain in a research note on Tuesday, July 7th. Barclays cut their price objective on shares of OneMain from $61.00 to $60.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 7th. Citigroup reissued a "market outperform" rating on shares of OneMain in a research report on Thursday, July 30th. Finally, Truist Financial upped their price target on shares of OneMain from $70.00 to $71.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Eight equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, OneMain presently has a consensus rating of "Moderate Buy" and an average price target of $68.40.

OneMain Trading Down 0.0%

OMF opened at $65.66 on Monday. OneMain Holdings, Inc. has a twelve month low of $45.78 and a twelve month high of $71.93. The firm has a market cap of $7.55 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 0.50 and a beta of 1.21. The company has a fifty day simple moving average of $60.41 and a 200 day simple moving average of $57.61.

OneMain (NYSE:OMF - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.31 EPS for the quarter, topping analysts' consensus estimates of $1.26 by $0.05. OneMain had a net margin of 13.92% and a return on equity of 23.49%. The firm had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the business posted $1.45 EPS. The firm's revenue was up 6.7% compared to the same quarter last year. On average, analysts forecast that OneMain Holdings, Inc. will post 7.12 earnings per share for the current fiscal year.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 10th were issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend was Monday, August 10th. OneMain's dividend payout ratio (DPR) is currently 63.25%.

Insider Activity

In other news, COO Micah R. Conrad sold 5,000 shares of the company's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $65.40, for a total value of $327,000.00. Following the sale, the chief operating officer owned 91,250 shares in the company, valued at approximately $5,967,750. This represents a 5.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Michael A. Hedlund sold 2,500 shares of the stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $64.00, for a total transaction of $160,000.00. Following the transaction, the senior vice president directly owned 10,627 shares in the company, valued at $680,128. The trade was a 19.04% decrease in their position. 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 sold a total of 14,348 shares of company stock valued at $911,576 in the last three months. Insiders own 0.29% of the company's stock.

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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