Charles Schwab Investment Management Inc. Sells 8,060 Shares of OneMain Holdings, Inc. $OMF

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in OneMain Holdings by 0.6%, selling 8,060 shares during the first quarter, leaving them with approximately 1.4 million shares valued at $68.47 million.
• OneMain recently reported $1.45 EPS for the quarter, beating estimates of $1.25, with revenue of $1.20 billion, a 7.1% increase from the previous year.
• The company declared a quarterly dividend of $1.04 per share, resulting in an annualized dividend of $4.16 and a yield of 7.3%, with a payout ratio of 75.09%.

Charles Schwab Investment Management Inc. trimmed its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 0.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,400,784 shares of the financial services provider's stock after selling 8,060 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.18% of OneMain worth $68,470,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of OMF. Thoroughbred Financial Services LLC lifted its stake in OneMain by 23.4% in the 1st quarter. Thoroughbred Financial Services LLC now owns 7,333 shares of the financial services provider's stock valued at $358,000 after acquiring an additional 1,390 shares in the last quarter. SlateStone Wealth LLC boosted its holdings in OneMain by 5.7% during the first quarter. SlateStone Wealth LLC now owns 7,474 shares of the financial services provider's stock worth $365,000 after purchasing an additional 400 shares during the last quarter. XTX Topco Ltd bought a new position in OneMain in the first quarter valued at $2,029,000. LPL Financial LLC increased its stake in OneMain by 2.7% in the 1st quarter. LPL Financial LLC now owns 166,275 shares of the financial services provider's stock valued at $8,128,000 after buying an additional 4,439 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in OneMain by 7.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,384 shares of the financial services provider's stock worth $1,583,000 after buying an additional 2,141 shares in the last quarter. Institutional investors own 85.82% of the company's stock.

Analysts Set New Price Targets

OMF has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price objective on OneMain from $50.00 to $63.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Wells Fargo & Company boosted their price target on OneMain from $53.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. Barclays upped their price objective on OneMain from $48.00 to $56.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Finally, JMP Securities reissued a "market outperform" rating and issued a $65.00 target price on shares of OneMain in a research note on Wednesday, April 30th. Three equities research 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's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $61.50.

OneMain Stock Up 0.9%

Shares of OMF stock traded up $0.53 during trading on Monday, reaching $57.80. 463,353 shares of the company's stock were exchanged, compared to its average volume of 1,097,320. OneMain Holdings, Inc. has a twelve month low of $38.00 and a twelve month high of $60.33. The firm's fifty day moving average price is $56.70 and its 200-day moving average price is $52.38. The stock has a market capitalization of $6.87 billion, a PE ratio of 10.43, a PEG ratio of 0.45 and a beta of 1.29.

OneMain (NYSE:OMF - Get Free Report) last released its quarterly earnings data on Friday, July 25th. The financial services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.25 by $0.20. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. OneMain had a net margin of 12.63% and a return on equity of 20.65%. The company's quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.02 earnings per share. As a group, analysts anticipate that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 13th. Stockholders of record on Monday, August 4th were given a $1.04 dividend. The ex-dividend date of this dividend was Monday, August 4th. This represents a $4.16 annualized dividend and a dividend yield of 7.2%. OneMain's dividend payout ratio is presently 75.09%.

Insider Activity at OneMain

In related news, CEO Douglas H. Shulman sold 35,000 shares of the firm's stock in a transaction dated 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 directly owned 275,100 shares of the company's stock, valued at approximately $16,360,197. This trade represents a 11.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Micah R. Conrad sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $52.21, for a total transaction of $261,050.00. Following the transaction, the chief operating officer owned 108,007 shares in the company, valued at approximately $5,639,045.47. The trade was a 4.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold 70,000 shares of company stock worth $3,976,390 in the last ninety days. 0.40% of the stock is owned by company insiders.

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.