Headlands Technologies LLC Acquires Shares of 935 OneMain Holdings, Inc. (NYSE:OMF)

Headlands Technologies LLC acquired a new stake in shares of OneMain Holdings, Inc. (NYSE:OMF) during the first quarter, HoldingsChannel reports. The fund acquired 935 shares of the financial services provider’s stock, valued at approximately $46,000.

Other hedge funds have also added to or reduced their stakes in the company. Alpine Bank Wealth Management purchased a new position in OneMain during the 1st quarter valued at $27,000. GAMMA Investing LLC grew its position in shares of OneMain by 191.9% in the 1st quarter. GAMMA Investing LLC now owns 1,007 shares of the financial services provider’s stock worth $49,000 after buying an additional 662 shares during the period. Golden State Wealth Management LLC purchased a new stake in shares of OneMain in the 1st quarter worth about $54,000. Fourth Dimension Wealth LLC purchased a new stake in shares of OneMain in the 4th quarter worth about $57,000. Finally, Farther Finance Advisors LLC grew its position in shares of OneMain by 198.2% in the 1st quarter. Farther Finance Advisors LLC now owns 1,670 shares of the financial services provider’s stock worth $82,000 after buying an additional 1,110 shares during the period. 85.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other OneMain news, CEO Douglas H. Shulman sold 35,000 shares of the company’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $59.47, for a total transaction of $2,081,450.00. Following the transaction, the chief executive officer owned 275,100 shares in the company, valued at approximately $16,360,197. This represents a 11.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Micah R. Conrad sold 5,000 shares of the company’s stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $52.21, for a total transaction of $261,050.00. Following the transaction, the chief operating officer owned 108,007 shares in the company, valued at $5,639,045.47. This represents a 4.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 70,000 shares of company stock worth $3,976,390 in the last 90 days. Company insiders own 0.40% of the company’s stock.

OneMain Stock Performance

Shares of OMF stock opened at $57.17 on Wednesday. OneMain Holdings, Inc. has a one year low of $38.00 and a one year high of $60.33. The company’s 50-day moving average is $56.36 and its 200 day moving average is $52.41. The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of 10.32, a price-to-earnings-growth ratio of 0.43 and a beta of 1.29.

OneMain (NYSE:OMF) last posted its earnings results on Friday, July 25th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.20. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. OneMain had a net margin of 12.63% and a return on equity of 20.65%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.02 EPS. As a group, research analysts predict that OneMain Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

OneMain Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 13th. Shareholders of record on Monday, August 4th will be paid a dividend of $1.04 per share. The ex-dividend date is Monday, August 4th. This represents a $4.16 annualized dividend and a yield of 7.3%. OneMain’s dividend payout ratio is currently 75.09%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on OMF shares. Barclays upped their target price on shares of OneMain from $48.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. upped their target price on shares of OneMain from $50.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. JMP Securities reaffirmed a “market outperform” rating and issued a $65.00 target price on shares of OneMain in a research report on Wednesday, April 30th. Finally, Wells Fargo & Company upped their target price on shares of OneMain from $53.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 15th. 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. Based on data from MarketBeat, OneMain currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.50.

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.