Susquehanna Fundamental Investments LLC Sells 97,699 Shares of OneMain Holdings, Inc. $OMF

Key Points

• Susquehanna Fundamental Investments reduced its OneMain Holdings position by 35.3%, selling 97,699 shares and retaining 179,053 shares worth approximately $10.9 million. Institutional investors collectively own 85.82% of OMF.
• Analysts maintain a generally positive view, with eight Buy ratings, three Holds and one Sell; the stock has a “Moderate Buy” consensus rating and an average price target of $68.40.
• OneMain reported quarterly EPS of $1.31, exceeding estimates by $0.05, while revenue rose 6.7% year over year to $1.62 billion. The company also paid a quarterly dividend of $1.05, representing a 6.7% annualized yield.

Susquehanna Fundamental Investments LLC trimmed its position in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 35.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 179,053 shares of the financial services provider's stock after selling 97,699 shares during the quarter. Susquehanna Fundamental Investments LLC owned 0.16% of OneMain worth $10,917,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OMF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in OneMain during the 1st quarter valued at $2,037,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in OneMain by 2.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 442,598 shares of the financial services provider's stock worth $21,634,000 after acquiring an additional 9,067 shares during the last quarter. Focus Partners Wealth increased its position in shares of OneMain by 101.8% in the first quarter. Focus Partners Wealth now owns 8,737 shares of the financial services provider's stock valued at $427,000 after acquiring an additional 4,407 shares during the period. Prudential Financial Inc. increased its position in shares of OneMain by 32.9% in the second quarter. Prudential Financial Inc. now owns 9,492 shares of the financial services provider's stock valued at $541,000 after acquiring an additional 2,350 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of OneMain by 26.2% during the second quarter. Russell Investments Group Ltd. now owns 19,644 shares of the financial services provider's stock valued at $1,119,000 after acquiring an additional 4,084 shares during the last quarter. 85.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, COO Micah R. Conrad sold 5,000 shares of the company's stock in a transaction on Monday, June 29th. The stock was sold at an average price of $62.00, for a total value of $310,000.00. Following the sale, the chief operating officer directly owned 96,250 shares of the company's stock, valued at $5,967,500. This represents a 4.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Michael A. Hedlund sold 2,500 shares of the company's stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $64.00, for a total value of $160,000.00. Following the completion of the sale, the senior vice president directly owned 10,627 shares in the company, valued at approximately $680,128. The trade was a 19.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 14,348 shares of company stock valued at $911,576. 0.29% of the stock is currently owned by company insiders.

Analyst Ratings Changes

OMF has been the subject of a number of analyst reports. TD Cowen increased their target price on shares of OneMain from $66.00 to $68.00 and gave the stock a "buy" rating in a report on Tuesday, July 7th. Weiss Ratings restated a "buy (b-)" rating on shares of OneMain in a report on Tuesday, July 7th. Royal Bank Of Canada increased their price objective on OneMain from $70.00 to $73.00 and gave the stock an "outperform" rating in a report on Thursday, July 30th. Truist Financial lifted 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. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of OneMain in a research note on Friday, July 10th. Eight analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $68.40.

OneMain Price Performance

Shares of NYSE OMF opened at $62.95 on Monday. OneMain Holdings, Inc. has a 1 year low of $45.78 and a 1 year high of $71.93. The company's 50-day moving average is $61.78 and its 200 day moving average is $57.58. The stock has a market capitalization of $7.24 billion, a P/E ratio of 9.48, a P/E/G ratio of 0.48 and a beta of 1.21.

OneMain (NYSE:OMF - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.26 by $0.05. The company had revenue of $1.62 billion during 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 was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.45 earnings per share. Research analysts anticipate that OneMain Holdings, Inc. will post 7.11 earnings per share for the current year.

OneMain Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 10th were given a $1.05 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $4.20 annualized dividend and a dividend yield of 6.7%. OneMain's dividend payout ratio is currently 63.25%.

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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