The position of OneMain Holdings, Inc. (NYSE:OMF) was increased by Envestnet Asset Management Inc.

VaselineOctober 2, 2024

0 4 minutes read

Envestnet Asset Management Inc. increased its stake in OneMain Holdings, Inc. (NYSE:OMF – Free Report) by 1.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 93,670 shares of the financial services provider’s stock after purchasing an additional 1,299 shares during the period. Holdings of Envestnet Asset Management Inc. in OneMain were worth $4,542,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Steward Partners Investment Advisory LLC raised its position in OneMain by 74.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,179 shares of the financial services provider’s stock valued at $255,000 after purchasing an additional 2,217 shares during the period. State Treasurer State of North Carolina grew its position in OneMain by 0.8% during the 4th quarter. State Treasurer State of North Carolina now owns 84,824 shares of the financial services provider’s stock worth $4,173,000 after buying another 654 shares in the last quarter. TFO Wealth Partners LLC raised its stake in OneMain by 251,600.0% during the 4th quarter. TFO Wealth Partners LLC now owns 2,517 shares of the financial services provider’s stock worth $124,000 after purchasing an additional 2,516 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of OneMain in the 4th quarter valued at approximately $799,000. Finally, Quadrature Capital Ltd grew its position in OneMain by 8.7% in the fourth quarter. Quadrature Capital Ltd now owns 31,800 shares of the financial services provider’s stock valued at $1,566,000 after acquiring an additional 2,533 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company’s shares.

The Wall Street analyst weighs in

Several analysts have commented on OMF shares. BTIG Research began coverage on shares of OneMain in a research report on Friday, June 7th. They issued a “neutral” rating on the company. JPMorgan Chase & Co. upped their target price on shares of OneMain from $52.00 to $54.00 and gave the stock an “overweight” rating in a research report on Monday, July 8th. Barclays cut their price target on OneMain from $55.00 to $52.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. JMP Securities reissued a “market outperform” rating and set a $60.00 price objective on shares of OneMain in a report on Tuesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $55.25.

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See the latest stock analysis on OMF

Insider trading at OneMain

In other OneMain news, COO Micah R. Conrad sold 886 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $50.00, for a total value of $44,300.00. Following the sale, the chief operating officer now owns 104,739 shares of the company’s stock, valued at approximately $5,236,950. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, COO Micah R. Conrad sold 886 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $50.00, for a total value of $44,300.00. Following the completion of the transaction, the chief operating officer now owns 104,739 shares of the company’s stock, valued at $5,236,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC’s website. Also, COO Micah R. Conrad sold 1,614 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $50.00, for a total value of $80,700.00. Following the completion of the sale, the chief operating officer now owns 110,411 shares in the company, valued at $5,520,550. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,300 shares of company stock worth $1,534,275. 0.45% of shares are held by corporate insiders.

OneMain trading down 2.9%

OMF opened at $45.71 on Wednesday. OneMain Holdings, Inc. has a 1 year low of $35.00 and a 1 year high of $54.94. The company has a 50-day moving average of $47.61 and a 200-day moving average of $48.70. The stock has a market cap of $5.48 billion, a price-to-earnings ratio of 8.91, a P/E/G ratio of 0.81 and a beta of 1.56.

OneMain (NYSE:OMF – Get Free Report ) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.12. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $918.74 million. OneMain had a net margin of 12.33% and a return on equity of 20.63%. During the same period in the previous year, the firm earned $1.01 EPS. Equities analysts predict that OneMain Holdings, Inc. it will post 5.11 EPS for the current year.

OneMain Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 12th were given a $1.04 dividend. The ex-dividend date was Monday, August 12. This represents an annualized dividend of $4.16 and a yield of 9.10%. OneMain’s dividend payout ratio (DPR) is 81.09%.

About OneMain

(Free Report)

OneMain Holdings, Inc, a financial services holding company, engages in consumer finance and insurance businesses in the United States. Offers, underwrites and services personal loans secured by automobiles, other title and unsecured collateral. The company also offers credit cards; optional credit insurance products, including life, disability and involuntary unemployment insurance; optional insurance without credit; guaranteed asset protection coverage as a waiver or insurance product; and membership plans.