Azora Capital LP lifted its position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 266.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,063,857 shares of the financial services provider's stock after buying an additional 773,192 shares during the period. OneMain accounts for approximately 2.7% of Azora Capital LP's portfolio, making the stock its 10th largest holding. Azora Capital LP owned approximately 0.92% of OneMain worth $64,863,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of OMF. CIBC Private Wealth Group LLC lifted its stake in shares of OneMain by 117.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 374 shares of the financial services provider's stock worth $25,000 after purchasing an additional 202 shares during the period. Core Wealth Advisors LLC purchased a new position in OneMain during the fourth quarter worth about $31,000. Atlantic Union Bankshares Corp acquired a new stake in OneMain in the 4th quarter worth about $36,000. Transamerica Financial Advisors LLC boosted its stake in OneMain by 88.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 670 shares of the financial services provider's stock worth $45,000 after buying an additional 314 shares during the last quarter. Finally, Sunbelt Securities Inc. acquired a new stake in OneMain in the 3rd quarter worth about $46,000. Institutional investors and hedge funds own 85.82% of the company's stock.
Insider Buying and Selling at OneMain
In other OneMain news, COO Micah R. Conrad sold 5,000 shares of the business's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $65.40, for a total value of $327,000.00. Following the transaction, the chief operating officer owned 91,250 shares in the company, valued at $5,967,750. The trade was a 5.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Michael A. Hedlund sold 2,500 shares of the company's stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $64.00, for a total transaction of $160,000.00. Following the completion of the transaction, the senior vice president directly owned 10,627 shares of the company's stock, valued at approximately $680,128. The trade was a 19.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 14,348 shares of company stock worth $911,576 in the last ninety days. 0.29% of the stock is currently owned by insiders.
OneMain Stock Performance
Shares of NYSE:OMF opened at $63.25 on Thursday. The company has a market cap of $7.28 billion, a P/E ratio of 9.53, a PEG ratio of 0.48 and a beta of 1.21. OneMain Holdings, Inc. has a one year low of $45.78 and a one year high of $71.93. The business's 50-day simple moving average is $61.57 and its 200 day simple moving average is $57.56.
OneMain (NYSE:OMF - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.31 earnings per share for the quarter, topping analysts' consensus estimates of $1.26 by $0.05. OneMain had a return on equity of 23.49% and a net margin of 13.92%.The firm had revenue of $1.62 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter in the prior year, the business earned $1.45 EPS. OneMain's quarterly revenue was up 6.7% compared to the same quarter last year. Analysts predict that OneMain Holdings, Inc. will post 7.11 earnings per share for the current year.
OneMain Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 10th were paid a dividend of $1.05 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $4.20 annualized dividend and a yield of 6.6%. OneMain's payout ratio is 63.25%.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of OneMain in a research report on Friday, July 10th. Barclays dropped their price target on shares of OneMain from $61.00 to $60.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 7th. Royal Bank Of Canada increased their price target on shares of OneMain from $70.00 to $73.00 and gave the stock an "outperform" rating in a research note on Thursday, July 30th. Evercore set a $66.00 price target on shares of OneMain in a report on Monday, July 6th. Finally, TD Cowen boosted their price objective on shares of OneMain from $66.00 to $68.00 and gave the company a "buy" rating in a research note on Tuesday, July 7th. Eight investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $68.40.
View Our Latest Stock Analysis on OMF
OneMain Company Profile
(
Free Report)
OneMain Financial NYSE: OMF is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.
Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.
Featured Articles
Want to see what other hedge funds are holding OMF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for OneMain Holdings, Inc. (NYSE:OMF - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider OneMain, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and OneMain wasn't on the list.
While OneMain currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead.
This report highlights seven nuclear energy stocks positioned across the value chain—combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
