OneMain Holdings, Inc. $OMF Shares Purchased by Logan Capital Management Inc.

Key Points

• Logan Capital Management Inc. increased its stake in OneMain Holdings, Inc. by 33.5%, bringing its total ownership to 145,171 shares valued at approximately $7.1 million.
• Insider trading activity included CEO Douglas H. Shulman selling 35,000 shares for over $2 million, resulting in an 11.29% decrease in his ownership.
• OneMain's recent earnings report showed earnings per share of $1.45, exceeding analyst expectations, and the company declared a $1.04 quarterly dividend yielding 6.8% annually.

Logan Capital Management Inc. boosted its position in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 33.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 145,171 shares of the financial services provider's stock after acquiring an additional 36,447 shares during the period. Logan Capital Management Inc. owned about 0.12% of OneMain worth $7,096,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Alpine Bank Wealth Management purchased a new stake in OneMain in the 1st quarter worth approximately $27,000. SVB Wealth LLC purchased a new stake in shares of OneMain during the 1st quarter valued at $34,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of OneMain during the 1st quarter valued at $42,000. Headlands Technologies LLC purchased a new stake in shares of OneMain during the 1st quarter valued at $46,000. Finally, GAMMA Investing LLC grew its stake in shares of OneMain by 191.9% during 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 during the period. 85.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at OneMain

In related news, COO Micah R. Conrad sold 4,000 shares of OneMain stock in a transaction on Tuesday, July 1st. The shares were 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 in the company, valued at approximately $5,860,426.14. The trade was a 3.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Douglas H. Shulman sold 35,000 shares of OneMain stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $59.47, for a total transaction of $2,081,450.00. Following the transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 65,000 shares of company stock worth $3,715,340 in the last 90 days. Company insiders own 0.40% of the company's stock.

OneMain Stock Performance

Shares of NYSE:OMF traded down $1.19 during midday trading on Friday, hitting $60.57. 611,307 shares of the company's stock traded hands, compared to its average volume of 762,799. The company has a market cap of $7.20 billion, a PE ratio of 10.93, a P/E/G ratio of 0.47 and a beta of 1.30. The firm's fifty day moving average price is $58.90 and its two-hundred day moving average price is $53.11. OneMain Holdings, Inc. has a twelve month low of $38.00 and a twelve month 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 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.20. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. OneMain had a net margin of 12.63% and a return on equity of 20.65%. The business's quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.02 EPS. As a group, equities research analysts anticipate that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Dividend Announcement

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

Wall Street Analyst Weigh In

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