Oak Thistle LLC Purchases 4,381 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Oak Thistle LLC boosted its stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 31.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,279 shares of the financial services provider's stock after purchasing an additional 4,381 shares during the period. Oak Thistle LLC's holdings in OneMain were worth $893,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in OneMain in the first quarter worth about $2,678,000. Impact Partnership Wealth LLC increased its stake in shares of OneMain by 63.4% in the first quarter. Impact Partnership Wealth LLC now owns 8,450 shares of the financial services provider's stock valued at $413,000 after purchasing an additional 3,280 shares during the period. Verdence Capital Advisors LLC increased its stake in shares of OneMain by 1.5% in the first quarter. Verdence Capital Advisors LLC now owns 35,753 shares of the financial services provider's stock valued at $1,748,000 after purchasing an additional 525 shares during the period. Victory Capital Management Inc. increased its stake in shares of OneMain by 226.3% in the first quarter. Victory Capital Management Inc. now owns 70,219 shares of the financial services provider's stock valued at $3,432,000 after purchasing an additional 48,702 shares during the period. Finally, Larson Financial Group LLC increased its stake in shares of OneMain by 5.9% in the first quarter. Larson Financial Group LLC now owns 56,929 shares of the financial services provider's stock valued at $2,783,000 after purchasing an additional 3,181 shares during the period. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

OMF has been the topic of several analyst reports. Wells Fargo & Company raised their price target on shares of OneMain from $53.00 to $60.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 15th. JMP Securities restated a "market outperform" rating and issued a $65.00 price target on shares of OneMain in a research note on Wednesday, April 30th. Northland Capmk upgraded shares of OneMain from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Barclays raised 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, Northland Securities upgraded shares of OneMain from a "market perform" rating to an "outperform" rating in a research note on Tuesday, April 8th. 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 company. According to data from MarketBeat.com, OneMain currently has a consensus rating of "Moderate Buy" and a consensus target price of $60.78.

OneMain Stock Down 1.2%

OneMain stock traded down $0.71 during mid-day trading on Monday, hitting $58.68. The company's stock had a trading volume of 212,515 shares, compared to its average volume of 1,116,289. The stock has a market capitalization of $6.98 billion, a P/E ratio of 10.60, a P/E/G ratio of 0.47 and a beta of 1.32. OneMain Holdings, Inc. has a twelve month low of $38.00 and a twelve month high of $60.33. The stock's fifty day moving average price is $55.05 and its two-hundred day moving average price is $52.23.

OneMain (NYSE:OMF - Get Free Report) last posted its quarterly earnings data 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 20.77%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the business posted $1.02 EPS. The company's revenue was up 7.1% on a year-over-year basis. Equities analysts expect that OneMain Holdings, Inc. will post 6.46 earnings per share for the current year.

OneMain Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 13th. Shareholders of record on Monday, August 4th will be paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.09%. OneMain's dividend payout ratio (DPR) is currently 75.09%.

Insiders Place Their Bets

In other OneMain news, COO Micah R. Conrad sold 3,000 shares of OneMain 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 $5,880,420. This trade represents a 2.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Douglas H. Shulman sold 20,000 shares of OneMain stock in a transaction on Monday, June 16th. The shares were sold at an average price of $52.56, for a total transaction of $1,051,200.00. Following the sale, the chief executive officer directly owned 323,925 shares of the company's stock, valued at $17,025,498. This trade represents a 5.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 100,000 shares of company stock valued at $5,082,190 in the last three months. Company insiders own 0.40% of the company's stock.

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.