Universal Beteiligungs und Servicegesellschaft mbH Invests $2.68 Million in OneMain Holdings, Inc. (NYSE:OMF)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has invested $2.68 million in OneMain Holdings, purchasing 54,787 shares during the first quarter.
• Insider transactions included COO Micah R. Conrad selling 5,000 shares and CEO Douglas H. Shulman selling 25,000 shares, indicating a decrease in their respective ownership positions.
• The firm announced a quarterly dividend of $1.04, representing a dividend yield of 7.14%, with a payout ratio of 75.09%.

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 54,787 shares of the financial services provider's stock, valued at approximately $2,678,000.

Several other institutional investors have also recently bought and sold shares of the company. Sei Investments Co. increased its holdings in shares of OneMain by 34.9% during the 4th quarter. Sei Investments Co. now owns 11,148 shares of the financial services provider's stock worth $581,000 after acquiring an additional 2,886 shares during the last quarter. LPL Financial LLC increased its holdings in shares of OneMain by 6.1% during the 4th quarter. LPL Financial LLC now owns 161,836 shares of the financial services provider's stock worth $8,437,000 after acquiring an additional 9,245 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of OneMain by 3.3% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 57,892 shares of the financial services provider's stock worth $3,018,000 after acquiring an additional 1,870 shares during the last quarter. Norges Bank acquired a new position in shares of OneMain during the 4th quarter worth approximately $72,936,000. Finally, Pictet Asset Management Holding SA increased its holdings in shares of OneMain by 16.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 19,118 shares of the financial services provider's stock worth $997,000 after acquiring an additional 2,693 shares during the last quarter. Institutional investors own 85.82% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on OMF shares. JMP Securities reiterated a "market outperform" rating and set a $65.00 price objective on shares of OneMain in a research report on Wednesday, April 30th. Northland Capmk upgraded OneMain from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Northland Securities upgraded OneMain from a "market perform" rating to an "outperform" rating in a research report on Tuesday, April 8th. Wells Fargo & Company increased their target price on OneMain from $53.00 to $60.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 15th. Finally, Barclays increased their target price on OneMain from $48.00 to $56.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $61.50.

Insider Activity at OneMain

In other OneMain news, COO Micah R. Conrad sold 3,000 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $60.00, for a total value of $180,000.00. Following the completion of the sale, the chief operating officer owned 98,007 shares in the company, valued at approximately $5,880,420. The trade was a 2.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas H. Shulman sold 35,000 shares of the business's stock in a transaction that occurred on 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 sale, the chief executive officer owned 275,100 shares of the company's stock, valued at $16,360,197. The trade was a 11.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold 70,000 shares of company stock valued at $3,976,390 in the last quarter. Corporate insiders own 0.40% of the company's stock.

OneMain Price Performance

Shares of NYSE:OMF traded down $1.29 on Friday, hitting $56.50. The company's stock had a trading volume of 1,818,760 shares, compared to its average volume of 1,176,720. The company has a 50-day simple moving average of $55.78 and a 200 day simple moving average of $52.41. OneMain Holdings, Inc. has a 1 year low of $38.00 and a 1 year high of $60.33. The company has a market capitalization of $6.72 billion, a PE ratio of 10.20, a PEG ratio of 0.44 and a beta of 1.29.

OneMain (NYSE:OMF - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The financial services provider reported $1.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.25 by $0.20. The company had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.19 billion. OneMain had a return on equity of 20.65% and a net margin of 12.63%. OneMain's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the firm posted $1.02 EPS. On average, equities research analysts expect that OneMain Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 13th. Shareholders of record on Monday, August 4th will be given a $1.04 dividend. The ex-dividend date is Monday, August 4th. This represents a $4.16 annualized dividend and a yield of 7.4%. OneMain's payout ratio is presently 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.