Carolina Wealth Advisors LLC lifted its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF – Get Rating) by 32.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 6,515 shares of the financial services provider's stock after purchasing an additional 1,604 shares during the period. Carolina Wealth Advisors LLC's holdings in OneMain were worth $244,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lindbrook Capital LLC increased its position in shares of OneMain by 66.3% during the first quarter. Lindbrook Capital LLC now owns 547 shares of the financial services provider's stock worth $26,000 after acquiring an additional 218 shares in the last quarter. Geneos Wealth Management Inc. grew its position in OneMain by 129.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 710 shares of the financial services provider's stock worth $33,000 after purchasing an additional 400 shares in the last quarter. AGF Investments LLC bought a new stake in OneMain in the 1st quarter worth about $34,000. Western Pacific Wealth Management LP bought a new stake in OneMain in the 4th quarter worth about $50,000. Finally, Quent Capital LLC bought a new stake in OneMain in the 4th quarter worth about $74,000. 81.90% of the stock is owned by institutional investors.
Get OneMain alerts:Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the stock. Piper Sandler reduced their price objective on shares of OneMain from $70.00 to $63.00 and set an "overweight" rating for the company in a research report on Wednesday, June 29th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of OneMain from $75.00 to $53.00 in a research report on Friday, July 29th. Barclays dropped their target price on shares of OneMain from $72.00 to $62.00 and set an "overweight" rating on the stock in a research note on Monday, July 11th. Compass Point dropped their target price on shares of OneMain to $63.00 in a research note on Monday, July 4th. Finally, Royal Bank of Canada dropped their target price on shares of OneMain from $62.00 to $51.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 2nd. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $57.91.
Insider Buying and Selling
In other news, CEO Douglas H. Shulman bought 1,150 shares of the firm's stock in a transaction that occurred on Monday, August 1st. The shares were acquired at an average price of $37.08 per share, with a total value of $42,642.00. Following the acquisition, the chief executive officer now owns 337,936 shares of the company's stock, valued at approximately $12,530,666.88. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.28% of the stock is currently owned by insiders.OneMain Trading Down 0.5 %
Shares of OMF stock opened at $29.07 on Wednesday. The stock has a market capitalization of $3.60 billion, a P/E ratio of 3.53 and a beta of 1.60. The firm's 50 day moving average is $36.64 and its 200 day moving average is $40.81. OneMain Holdings, Inc. has a 12 month low of $28.80 and a 12 month high of $60.38.
OneMain (NYSE:OMF – Get Rating) last announced its quarterly earnings results on Wednesday, July 27th. The financial services provider reported $1.87 EPS for the quarter, missing analysts' consensus estimates of $1.90 by ($0.03). The business had revenue of $887.00 million for the quarter, compared to analysts' expectations of $1.05 billion. OneMain had a net margin of 22.43% and a return on equity of 37.61%. During the same quarter in the previous year, the company posted $2.66 earnings per share. On average, equities analysts predict that OneMain Holdings, Inc. will post 7.34 EPS for the current year.
OneMain Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Monday, August 8th were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 13.07%. The ex-dividend date was Friday, August 5th. OneMain's dividend payout ratio (DPR) is presently 46.17%.
OneMain Company Profile
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OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses. The company originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit cards and insurance products comprising 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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