Parkwood LLC Has $10.91 Million Stock Holdings in OneMain Holdings, Inc. $OMF

Key Points

• Parkwood LLC increased its stake in OneMain Holdings by 15.1%, acquiring a total of 223,288 shares worth approximately $10.91 million.
• OneMain reported a net margin of 12.63% and a return on equity of 20.65% for the most recent quarter, with earnings per share of $1.45 exceeding expectations.
• The company recently announced a quarterly dividend of $1.04, translating to an annualized yield of 6.8%, with a payout ratio of 75.09%.

Parkwood LLC boosted its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 15.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 223,288 shares of the financial services provider's stock after buying an additional 29,325 shares during the period. Parkwood LLC owned approximately 0.19% of OneMain worth $10,914,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OMF. Alpine Bank Wealth Management purchased a new position in OneMain in the first quarter valued at about $27,000. SVB Wealth LLC acquired a new stake in shares of OneMain during the 1st quarter valued at about $34,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of OneMain during the 1st quarter valued at about $42,000. Headlands Technologies LLC acquired a new stake in shares of OneMain during the 1st quarter valued at about $46,000. Finally, GAMMA Investing LLC lifted its holdings in shares of OneMain by 191.9% during the 1st quarter. GAMMA Investing LLC now owns 1,007 shares of the financial services provider's stock valued at $49,000 after buying an additional 662 shares during the last quarter. Hedge funds and other institutional investors own 85.82% of the company's stock.

Insider Activity at OneMain

In other OneMain news, COO Micah R. Conrad sold 4,000 shares of OneMain stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $58.02, for a total value of $232,080.00. Following the transaction, the chief operating officer directly owned 101,007 shares of the company's stock, valued at $5,860,426.14. The trade was a 3.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Douglas H. Shulman sold 35,000 shares of OneMain stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $59.47, for a total value of $2,081,450.00. Following the sale, the chief executive officer directly owned 275,100 shares in the company, valued at approximately $16,360,197. This trade represents a 11.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,000 shares of company stock worth $3,715,340. Company insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on OMF. Wells Fargo & Company started coverage on shares of OneMain in a research report on Monday, August 25th. They set an "equal weight" rating on the stock. JPMorgan Chase & Co. boosted their price target on OneMain from $50.00 to $63.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Finally, Barclays boosted their price target on OneMain from $48.00 to $56.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $61.50.

OneMain Stock Down 0.4%

NYSE OMF traded down $0.22 during trading on Tuesday, hitting $60.91. The company's stock had a trading volume of 649,604 shares, compared to its average volume of 775,254. The firm has a 50 day moving average price of $58.80 and a 200 day moving average price of $52.94. The firm has a market cap of $7.24 billion, a P/E ratio of 10.99, a price-to-earnings-growth ratio of 0.48 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 issued its quarterly earnings results on Friday, July 25th. The financial services provider reported $1.45 EPS for the quarter, topping the consensus estimate of $1.25 by $0.20. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. OneMain had a return on equity of 20.65% and a net margin of 12.63%.The company's revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.02 EPS. On average, equities analysts expect that OneMain Holdings, Inc. will post 6.46 earnings per share for the current year.

OneMain Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 13th. Shareholders of record on Monday, August 4th were given a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend was Monday, August 4th. OneMain's payout ratio is currently 75.09%.

OneMain 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.