Amundi Has $2.25 Million Stock Holdings in OneMain Holdings, Inc. $OMF

Amundi cut its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 0.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,198 shares of the financial services provider’s stock after selling 368 shares during the period. Amundi’s holdings in OneMain were worth $2,246,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Alpine Bank Wealth Management acquired a new stake in OneMain during the 1st quarter worth approximately $27,000. SVB Wealth LLC acquired a new stake in OneMain during the 1st quarter worth approximately $34,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in OneMain during the 1st quarter worth approximately $42,000. Headlands Technologies LLC acquired a new stake in OneMain during the 1st quarter worth approximately $46,000. Finally, GAMMA Investing LLC boosted its position in OneMain by 191.9% during 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. 85.82% of the stock is currently owned by institutional investors and hedge funds.

OneMain Stock Performance

OneMain stock opened at $61.78 on Friday. OneMain Holdings, Inc. has a 52-week low of $38.00 and a 52-week high of $63.24. The firm has a 50 day moving average price of $58.88 and a two-hundred day moving average price of $53.05. The firm has a market cap of $7.34 billion, a price-to-earnings ratio of 11.15, a PEG ratio of 0.47 and a beta of 1.30.

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

OneMain Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 13th. Investors of record on Monday, August 4th were given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date was Monday, August 4th. OneMain’s payout ratio is presently 75.09%.

Insiders Place Their Bets

In related news, CEO Douglas H. Shulman sold 35,000 shares of the business’s stock in a transaction on 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 $16,360,197. The trade was a 11.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Micah R. Conrad sold 4,000 shares of the business’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $58.02, for a total transaction of $232,080.00. Following the transaction, the chief operating officer owned 101,007 shares in the company, valued at $5,860,426.14. The trade was a 3.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 65,000 shares of company stock worth $3,715,340 in the last quarter. 0.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on OMF. JPMorgan Chase & Co. raised their price target on shares of OneMain from $50.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. Wells Fargo & Company began coverage on shares of OneMain in a report on Monday, August 25th. They set an “equal weight” rating for the company. Finally, Barclays raised their price target on shares of OneMain from $48.00 to $56.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.