OneMain Holdings, Inc. (NYSE:OMF) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,348,842 shares of the financial services provider's stock after acquiring an additional 17,330 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.12% of OneMain worth $66,363,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Quantbot Technologies LP acquired a new stake in OneMain during the third quarter worth about $26,000. Blue Trust Inc. increased its holdings in shares of OneMain by 49.9% during the 4th quarter. Blue Trust Inc. now owns 730 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 243 shares in the last quarter. Benjamin F. Edwards & Company Inc. acquired a new position in shares of OneMain in the 4th quarter valued at $36,000. Operose Advisors LLC purchased a new stake in OneMain during the third quarter worth $40,000. Finally, Allworth Financial LP boosted its holdings in OneMain by 368.4% during the third quarter. Allworth Financial LP now owns 1,068 shares of the financial services provider's stock worth $43,000 after buying an additional 840 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

OneMain Price Performance

OneMain stock traded down $0.08 during trading on Thursday, reaching $49.96. 800,085 shares of the company were exchanged, compared to its average volume of 1,038,580. The stock's 50 day simple moving average is $49.65 and its two-hundred day simple moving average is $46.56. The company has a market capitalization of $5.99 billion, a P/E ratio of 9.75, a PEG ratio of 0.70 and a beta of 1.63. OneMain Holdings, Inc. has a 52-week low of $35.00 and a 52-week high of $53.65.

OneMain (NYSE:OMF - Get Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.45 EPS for the quarter, topping the consensus estimate of $1.38 by $0.07. OneMain had a return on equity of 20.78% and a net margin of 13.29%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $907.93 million. During the same quarter in the previous year, the firm earned $1.46 EPS. As a group, equities analysts forecast that OneMain Holdings, Inc. will post 5.67 earnings per share for the current year.

OneMain Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 10th will be paid a $1.04 dividend. This is a boost from OneMain's previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $4.16 annualized dividend and a dividend yield of 8.33%. OneMain's dividend payout ratio is 81.09%.

Insider Transactions at OneMain

In other news, CEO Douglas H. Shulman sold 19,000 shares of the company's stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $51.37, for a total value of $976,030.00. Following the transaction, the chief executive officer now owns 451,300 shares of the company's stock, valued at approximately $23,183,281. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Douglas H. Shulman sold 19,000 shares of the business's stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $51.37, for a total value of $976,030.00. Following the sale, the chief executive officer now directly owns 451,300 shares of the company's stock, valued at approximately $23,183,281. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Micah R. Conrad sold 7,500 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $50.63, for a total transaction of $379,725.00. Following the transaction, the chief operating officer now directly owns 119,525 shares of the company's stock, valued at approximately $6,051,550.75. The disclosure for this sale can be found here. Insiders own 0.37% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on OMF shares. Piper Sandler downgraded shares of OneMain from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $55.00 to $49.00 in a research report on Thursday, February 8th. Citigroup dropped their price objective on OneMain from $54.00 to $52.00 and set a "buy" rating on the stock in a report on Thursday, February 8th. BMO Capital Markets upped their target price on OneMain from $48.00 to $50.00 and gave the stock a "market perform" rating in a research note on Thursday, May 2nd. Royal Bank of Canada lifted their price target on shares of OneMain from $50.00 to $55.00 and gave the company an "outperform" rating in a research note on Monday, April 1st. Finally, Northland Securities cut shares of OneMain from an "outperform" rating to a "market perform" rating and upped their price objective for the stock from $46.00 to $49.00 in a research report on Wednesday, January 17th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $54.62.

About OneMain

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.