OneMain Holdings, Inc. $OMF Shares Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in OneMain Holdings by 21.0%, owning 49,966 shares after selling 13,284 shares.
• The company recently declared a quarterly dividend of $1.04 per share, resulting in an annualized dividend yield of 7.5%.
• Analysts have varying ratings on OneMain, with a consensus rating of "Moderate Buy" and an average price target of $61.50.

Robeco Institutional Asset Management B.V. reduced its stake in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 21.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,966 shares of the financial services provider's stock after selling 13,284 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in OneMain were worth $2,848,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of OMF. Impact Capital Partners LLC raised its holdings in OneMain by 2.1% in the 2nd quarter. Impact Capital Partners LLC now owns 52,813 shares of the financial services provider's stock valued at $3,010,000 after acquiring an additional 1,085 shares during the last quarter. PFG Investments LLC boosted its position in OneMain by 36.1% in the 2nd quarter. PFG Investments LLC now owns 7,506 shares of the financial services provider's stock valued at $428,000 after buying an additional 1,991 shares during the last quarter. Truist Financial Corp boosted its position in OneMain by 10.9% in the 2nd quarter. Truist Financial Corp now owns 5,083 shares of the financial services provider's stock valued at $290,000 after buying an additional 499 shares during the last quarter. Greenleaf Trust raised its stake in shares of OneMain by 3.9% in the 2nd quarter. Greenleaf Trust now owns 17,796 shares of the financial services provider's stock valued at $1,014,000 after purchasing an additional 663 shares in the last quarter. Finally, Asio Capital LLC raised its stake in shares of OneMain by 8.1% in the 2nd quarter. Asio Capital LLC now owns 89,472 shares of the financial services provider's stock valued at $5,100,000 after purchasing an additional 6,686 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at OneMain

In other news, CEO Douglas H. Shulman sold 35,000 shares of the stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $59.47, for a total transaction of $2,081,450.00. Following the transaction, the chief executive officer owned 275,100 shares in the company, valued at $16,360,197. This represents a 11.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on OMF. Wells Fargo & Company began coverage on shares of OneMain in a research note on Monday, August 25th. They set an "equal weight" rating on the stock. 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. Weiss Ratings reiterated a "buy (b-)" rating on shares of OneMain in a report on Saturday, September 27th. Finally, JPMorgan Chase & Co. raised their target price on shares of OneMain from $50.00 to $63.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $61.50.

OneMain Stock Down 1.4%

OMF stock opened at $55.42 on Tuesday. OneMain Holdings, Inc. has a 12-month low of $38.00 and a 12-month high of $63.24. The company has a market cap of $6.59 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 0.44 and a beta of 1.32. The company has a 50 day moving average of $59.00 and a two-hundred day moving average of $54.21.

OneMain (NYSE:OMF - Get Free Report) last released its earnings results on Friday, July 25th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.25 by $0.20. OneMain had a net margin of 12.63% and a return on equity of 20.65%. The company 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 firm earned $1.02 EPS. The company's revenue was up 7.1% compared to the same quarter last year. On average, research analysts anticipate that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 13th. Stockholders of record on Monday, August 4th were paid a dividend of $1.04 per share. The ex-dividend date was Monday, August 4th. This represents a $4.16 annualized dividend and a dividend yield of 7.5%. OneMain's dividend payout ratio is 75.09%.

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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