Fox Run Management L.L.C. Invests $666,000 in OneMain Holdings, Inc. $OMF

Key Points

• Fox Run Management L.L.C. has acquired a new stake in OneMain Holdings, Inc., buying 13,619 shares valued at approximately $666,000.
• Several institutional investors have increased their holdings in OneMain, with Allspring Global Investments boosting its stake by 56.5% and others showing significant percentage increases.
• OneMain recently announced a quarterly dividend of $1.04 per share, translating to an annualized dividend yield of 7.3%.

Fox Run Management L.L.C. purchased a new stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,619 shares of the financial services provider's stock, valued at approximately $666,000.

Several other large investors have also recently bought and sold shares of the stock. Alpine Bank Wealth Management acquired a new position in shares of OneMain in the first quarter valued at approximately $27,000. Headlands Technologies LLC bought a new stake in OneMain in the 1st quarter valued at $46,000. GAMMA Investing LLC grew its holdings in OneMain by 191.9% in the 1st quarter. GAMMA Investing LLC now owns 1,007 shares of the financial services provider's stock valued at $49,000 after buying an additional 662 shares in the last quarter. Fourth Dimension Wealth LLC bought a new position in OneMain during the 4th quarter worth $57,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of OneMain during the first quarter worth $54,000. 85.82% of the stock is owned by institutional investors.

Insider Buying and Selling at OneMain

In related news, CEO Douglas H. Shulman sold 35,000 shares of the business's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $59.47, for a total transaction of $2,081,450.00. Following the sale, the chief executive officer owned 275,100 shares in the company, valued at $16,360,197. The trade was a 11.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Micah R. Conrad sold 5,000 shares of the stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $52.21, for a total value of $261,050.00. Following the completion of the transaction, the chief operating officer owned 108,007 shares of the company's stock, valued at $5,639,045.47. This represents a 4.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 70,000 shares of company stock valued at $3,976,390 over the last quarter. Company insiders own 0.40% of the company's stock.

OneMain Trading Up 4.6%

OneMain stock traded up $2.6350 during midday trading on Friday, reaching $59.9750. The company's stock had a trading volume of 414,214 shares, compared to its average volume of 1,092,204. The stock has a market cap of $7.13 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 0.45 and a beta of 1.29. OneMain Holdings, Inc. has a 52 week low of $38.00 and a 52 week high of $60.41. The business has a 50-day moving average price of $57.09 and a 200-day moving average price of $52.50.

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, topping analysts' consensus estimates of $1.25 by $0.20. OneMain had a net margin of 12.63% and a return on equity of 20.65%. The firm had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.19 billion. During the same quarter in the prior year, the business earned $1.02 earnings per share. The business's revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, research analysts predict that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 13th. Shareholders of record on Monday, August 4th were paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend was Monday, August 4th. OneMain's payout ratio is presently 75.09%.

Analyst Ratings Changes

Several equities analysts recently commented on OMF shares. JPMorgan Chase & Co. upped their price target on shares of OneMain from $50.00 to $63.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. JMP Securities restated a "market outperform" rating and set a $65.00 target price on shares of OneMain in a research report on Wednesday, April 30th. Wells Fargo & Company raised their target price on shares of OneMain from $53.00 to $60.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 15th. Finally, Barclays boosted their price target on OneMain from $48.00 to $56.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. One research 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's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $61.50.

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.