OneMain Holdings, Inc. $OMF Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lowered its stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 1.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,268,319 shares of the financial services provider's stock after selling 42,194 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 1.96% of OneMain worth $121,332,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of OMF. CIBC Private Wealth Group LLC grew its holdings in shares of OneMain by 117.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 374 shares of the financial services provider's stock worth $25,000 after acquiring an additional 202 shares during the last quarter. Core Wealth Advisors LLC purchased a new stake in shares of OneMain during the fourth quarter valued at $31,000. Atlantic Union Bankshares Corp acquired a new position in shares of OneMain in the 4th quarter valued at $36,000. Transamerica Financial Advisors LLC boosted its position in shares of OneMain by 88.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 670 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 314 shares during the period. Finally, Spire Wealth Management increased its stake in OneMain by 83.2% in the 4th quarter. Spire Wealth Management now owns 700 shares of the financial services provider's stock worth $47,000 after purchasing an additional 318 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on OMF shares. Royal Bank Of Canada reduced their price objective on shares of OneMain from $73.00 to $70.00 and set an "outperform" rating for the company in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of OneMain in a research report on Friday, July 10th. BTIG Research restated a "neutral" rating on shares of OneMain in a report on Thursday, April 16th. JPMorgan Chase & Co. reduced their price target on shares of OneMain from $63.00 to $55.00 and set an "underweight" rating for the company in a research report on Thursday, April 9th. Finally, TD Cowen raised their price objective on shares of OneMain from $66.00 to $68.00 and gave the stock a "buy" rating in a research note on Tuesday, July 7th. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $67.80.

OneMain Price Performance

NYSE OMF opened at $59.72 on Friday. The company has a 50 day simple moving average of $57.44 and a 200-day simple moving average of $57.98. The firm has a market capitalization of $6.90 billion, a price-to-earnings ratio of 8.89, a price-to-earnings-growth ratio of 0.46 and a beta of 1.22. OneMain Holdings, Inc. has a 52-week low of $45.78 and a 52-week high of $71.93.

OneMain (NYSE:OMF - Get Free Report) last announced its quarterly earnings data on Friday, May 1st. The financial services provider reported $1.95 EPS for the quarter, beating analysts' consensus estimates of $1.86 by $0.09. The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.27 billion. OneMain had a net margin of 14.38% and a return on equity of 24.24%. The firm's revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.72 earnings per share. On average, analysts predict that OneMain Holdings, Inc. will post 7.14 EPS for the current year.

OneMain Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 11th were paid a $1.05 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 7.0%. OneMain's dividend payout ratio is 62.50%.

Insiders Place Their Bets

In related news, COO Micah R. Conrad sold 5,000 shares of the stock in a transaction on Monday, June 29th. The stock was sold at an average price of $62.00, for a total transaction of $310,000.00. Following the completion of the sale, the chief operating officer directly owned 96,250 shares in the company, valued at approximately $5,967,500. This trade represents a 4.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Michael A. Hedlund sold 1,848 shares of OneMain stock in a transaction on Monday, June 29th. The shares were sold at an average price of $62.00, for a total value of $114,576.00. Following the sale, the senior vice president directly owned 13,127 shares of the company's stock, valued at approximately $813,874. The trade was a 12.34% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.29% of the company's stock.

About OneMain

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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