OneMain Holdings, Inc. $OMF Shares Bought by Allianz Asset Management GmbH

Allianz Asset Management GmbH grew its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 50.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,014,180 shares of the financial services provider's stock after purchasing an additional 338,929 shares during the period. Allianz Asset Management GmbH owned about 0.88% of OneMain worth $61,835,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of OneMain in the second quarter worth $633,893,000. California State Teachers Retirement System grew its stake in OneMain by 5,748.8% during the 2nd quarter. California State Teachers Retirement System now owns 8,245,644 shares of the financial services provider's stock worth $502,737,000 after purchasing an additional 8,104,663 shares in the last quarter. Jupiter Topco LLC purchased a new stake in OneMain during the 2nd quarter worth about $166,060,000. Norges Bank acquired a new position in shares of OneMain during the fourth quarter worth about $100,312,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of OneMain during the second quarter worth about $63,980,000. Institutional investors and hedge funds own 85.82% of the company's stock.

Insider Buying and Selling

In other news, SVP Michael A. Hedlund sold 2,500 shares of the company's stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $64.00, for a total transaction of $160,000.00. Following the completion of the sale, the senior vice president owned 10,627 shares in the company, valued at $680,128. This represents a 19.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Micah R. Conrad sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $65.40, for a total value of $327,000.00. Following the sale, the chief operating officer owned 91,250 shares of the company's stock, valued at $5,967,750. This trade represents a 5.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 14,348 shares of company stock valued at $911,576 over the last ninety days. 0.29% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on OMF. Barclays lowered their target price on shares of OneMain from $61.00 to $60.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of OneMain in a research note on Friday, July 10th. Truist Financial upped their price objective on OneMain from $70.00 to $71.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Evercore set a $66.00 target price on OneMain in a research note on Monday, July 6th. Finally, Citizens Jmp upped their price target on OneMain from $68.00 to $70.00 and gave the company a "market outperform" rating in a report on Thursday, July 30th. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, OneMain presently has a consensus rating of "Moderate Buy" and a consensus price target of $68.40.

OneMain Price Performance

OMF stock opened at $64.60 on Tuesday. The company has a market cap of $7.43 billion, a price-to-earnings ratio of 9.73, a price-to-earnings-growth ratio of 0.50 and a beta of 1.22. The company has a fifty day moving average price of $62.23 and a 200 day moving average price of $57.80. OneMain Holdings, Inc. has a 12 month low of $45.78 and a 12 month high of $71.93.

OneMain (NYSE:OMF - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.05. The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.28 billion. OneMain had a net margin of 13.92% and a return on equity of 23.49%. OneMain's revenue for the quarter was up 6.7% on a year-over-year basis. During the same period last year, the firm posted $1.45 EPS. As a group, analysts anticipate that OneMain Holdings, Inc. will post 7.11 earnings per share for the current year.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders 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 6.5%. OneMain's dividend payout ratio is currently 63.25%.

OneMain Profile

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.

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