Ascent Group LLC Has $486,000 Position in OneMain Holdings, Inc. $OMF

Key Points

• Ascent Group LLC increased its stake in OneMain Holdings, Inc. by 127.1% during the first quarter, now holding 9,952 shares valued at approximately $486,000.
• OneMain has announced a quarterly dividend of $1.04 per share, reflecting a dividend yield of 6.8% and a payout ratio of 75.09%.
• Analysts have raised their price targets for OneMain, with JPMorgan increasing their forecast from $50 to $63 and maintaining an "overweight" rating.

Ascent Group LLC raised its holdings in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 127.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,952 shares of the financial services provider's stock after purchasing an additional 5,569 shares during the quarter. Ascent Group LLC's holdings in OneMain were worth $486,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Essex Financial Services Inc. raised its position in shares of OneMain by 6.7% during the first quarter. Essex Financial Services Inc. now owns 4,591 shares of the financial services provider's stock worth $224,000 after acquiring an additional 288 shares during the last quarter. Deutsche Bank AG raised its position in shares of OneMain by 0.8% during the first quarter. Deutsche Bank AG now owns 36,581 shares of the financial services provider's stock worth $1,788,000 after acquiring an additional 290 shares during the last quarter. Allworth Financial LP raised its position in shares of OneMain by 21.7% during the first quarter. Allworth Financial LP now owns 1,976 shares of the financial services provider's stock worth $96,000 after acquiring an additional 352 shares during the last quarter. Independent Advisor Alliance raised its position in shares of OneMain by 2.2% during the first quarter. Independent Advisor Alliance now owns 16,479 shares of the financial services provider's stock worth $805,000 after acquiring an additional 357 shares during the last quarter. Finally, SlateStone Wealth LLC raised its position in shares of 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 acquiring an additional 400 shares during the last quarter. Institutional investors own 85.82% of the company's stock.

Insider Transactions at OneMain

In other OneMain news, COO Micah R. Conrad sold 4,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $58.02, for a total value of $232,080.00. Following the completion of the transaction, the chief operating officer directly owned 101,007 shares of the company's stock, valued at approximately $5,860,426.14. The trade was a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas H. Shulman sold 35,000 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer directly owned 275,100 shares of the company's stock, valued at approximately $16,360,197. The trade was a 11.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 45,000 shares of company stock valued at $2,664,140. Insiders own 0.40% of the company's stock.

OneMain Stock Down 2.0%

NYSE OMF traded down $1.22 on Tuesday, reaching $60.22. The company had a trading volume of 186,796 shares, compared to its average volume of 1,062,764. The stock's 50 day moving average is $58.94 and its 200-day moving average is $53.16. The stock has a market cap of $7.16 billion, a price-to-earnings ratio of 10.87, a PEG ratio of 0.47 and a beta of 1.30. OneMain Holdings, Inc. has a 52 week low of $38.00 and a 52 week high of $63.24.

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 analysts' consensus estimates of $1.25 by $0.20. OneMain had a return on equity of 20.65% and a net margin of 12.63%.The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the company posted $1.02 earnings per share. The firm's revenue was up 7.1% on a year-over-year basis. As a group, analysts forecast that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 13th. Shareholders of record on Monday, August 4th were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend was Monday, August 4th. OneMain's payout ratio is presently 75.09%.

Analyst Upgrades and Downgrades

OMF has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on OneMain from $50.00 to $63.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Barclays boosted their target price on OneMain from $48.00 to $56.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Finally, Wells Fargo & Company assumed coverage on OneMain in a report on Monday, August 25th. They issued an "equal weight" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $61.50.

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.