OneMain Holdings, Inc. $OMF Holdings Lifted by Asio Capital LLC

Key Points

• Asio Capital LLC increased its stake in OneMain Holdings by 8.1% in Q2, now holding approximately 0.08% of the company worth $5.1 million.
• OneMain's recent earnings report showed an EPS of $1.45, surpassing estimates, with revenue growth of 7.1% year-over-year.
• The company declared a quarterly dividend of $1.04, indicating a strong annualized dividend yield of 7.2%.

Asio Capital LLC grew its position in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 8.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 89,472 shares of the financial services provider's stock after purchasing an additional 6,686 shares during the period. Asio Capital LLC owned approximately 0.08% of OneMain worth $5,100,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of OMF. Wealth Enhancement Advisory Services LLC grew its position in OneMain by 46.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,122 shares of the financial services provider's stock worth $684,000 after purchasing an additional 4,140 shares during the last quarter. GAMMA Investing LLC grew its position in OneMain by 14,167.2% in the 1st quarter. GAMMA Investing LLC now owns 49,222 shares of the financial services provider's stock worth $2,406,000 after purchasing an additional 48,877 shares during the last quarter. Fulton Bank N.A. grew its position in OneMain by 56.8% in the 1st quarter. Fulton Bank N.A. now owns 10,254 shares of the financial services provider's stock worth $501,000 after purchasing an additional 3,715 shares during the last quarter. Whipplewood Advisors LLC grew its position in OneMain by 53,625.0% in the 1st quarter. Whipplewood Advisors LLC now owns 2,149 shares of the financial services provider's stock worth $105,000 after purchasing an additional 2,145 shares during the last quarter. Finally, Sendero Wealth Management LLC boosted its holdings in shares of OneMain by 47.5% in the first quarter. Sendero Wealth Management LLC now owns 15,388 shares of the financial services provider's stock valued at $752,000 after acquiring an additional 4,954 shares in the last quarter. Institutional investors own 85.82% of the company's stock.

OneMain Price Performance

OMF stock opened at $57.54 on Tuesday. OneMain Holdings, Inc. has a 12 month low of $38.00 and a 12 month high of $63.24. The firm has a market cap of $6.84 billion, a PE ratio of 10.39, a P/E/G ratio of 0.46 and a beta of 1.30. The firm has a 50 day simple moving average of $59.28 and a 200 day simple moving average of $53.97.

OneMain (NYSE:OMF - Get Free Report) last released its earnings results 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. OneMain had a net margin of 12.63% and a return on equity of 20.65%. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the business earned $1.02 earnings per share. The business's quarterly revenue was up 7.1% on a year-over-year basis. As a group, sell-side analysts expect that OneMain Holdings, Inc. will post 6.46 earnings per share for the current year.

OneMain Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on OMF shares. Wells Fargo & Company started coverage on shares of OneMain in a report on Monday, August 25th. They issued an "equal weight" rating for the company. Barclays increased their price objective on shares of OneMain from $48.00 to $56.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of OneMain from $50.00 to $63.00 and gave the company an "overweight" rating in a report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, OneMain has an average rating of "Moderate Buy" and an average target price of $61.50.

Insider Activity at OneMain

In related news, CEO Douglas H. Shulman sold 35,000 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $59.47, for a total value of $2,081,450.00. Following the completion of the sale, the chief executive officer owned 275,100 shares in the company, valued at approximately $16,360,197. This represents a 11.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Micah R. Conrad sold 3,000 shares of the company's stock in a transaction that occurred 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 approximately $5,880,420. This trade represents a 2.97% decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.

OneMain Company 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.

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