OneMain Holdings, Inc. $OMF Shares Purchased by Lodge Hill Capital LLC

Lodge Hill Capital LLC grew its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 5.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 283,300 shares of the financial services provider’s stock after buying an additional 15,000 shares during the period. OneMain accounts for about 2.9% of Lodge Hill Capital LLC’s holdings, making the stock its 17th largest holding. Lodge Hill Capital LLC owned about 0.24% of OneMain worth $15,995,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Root Financial Partners LLC acquired a new stake in OneMain during the 3rd quarter worth $26,000. Activest Wealth Management grew its holdings in shares of OneMain by 1,102.1% during the third quarter. Activest Wealth Management now owns 577 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 529 shares during the last quarter. Bayforest Capital Ltd grew its holdings in shares of OneMain by 591.8% during the third quarter. Bayforest Capital Ltd now owns 671 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 574 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of OneMain by 57.5% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 718 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 262 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of OneMain by 79.4% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 820 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 363 shares during the period. Institutional investors and hedge funds own 85.82% of the company’s stock.

OneMain Stock Performance

Shares of OMF opened at $57.04 on Friday. The stock has a market capitalization of $6.68 billion, a P/E ratio of 8.68, a P/E/G ratio of 0.35 and a beta of 1.33. OneMain Holdings, Inc. has a 1 year low of $38.00 and a 1 year high of $71.93. The company’s fifty day moving average is $66.29 and its two-hundred day moving average is $61.34.

OneMain (NYSE:OMF) last posted its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.59 EPS for the quarter, beating the consensus estimate of $1.55 by $0.04. OneMain had a return on equity of 23.81% and a net margin of 14.35%.The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period last year, the firm earned $1.16 EPS. Sell-side analysts predict that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 23rd. Investors of record on Tuesday, February 17th will be paid a $1.05 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $4.20 annualized dividend and a dividend yield of 7.4%. OneMain’s dividend payout ratio (DPR) is 63.93%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Wells Fargo & Company cut their price target on OneMain from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Friday, February 6th. Wall Street Zen cut shares of OneMain from a “buy” rating to a “hold” rating in a report on Sunday, January 18th. JMP Securities set a $68.00 price target on shares of OneMain in a research report on Monday, November 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of OneMain in a research report on Monday, December 29th. Finally, Evercore set a $75.00 target price on shares of OneMain in a report on Tuesday, January 6th. Nine investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $71.70.

Insider Transactions at OneMain

In related news, CEO Douglas H. Shulman sold 57,500 shares of the business’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $68.41, for a total transaction of $3,933,575.00. Following the sale, the chief executive officer owned 174,100 shares of the company’s stock, valued at approximately $11,910,181. The trade was a 24.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Michael A. Hedlund sold 652 shares of the stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $62.00, for a total transaction of $40,424.00. Following the completion of the transaction, the senior vice president directly owned 15,179 shares of the company’s stock, valued at approximately $941,098. This trade represents a 4.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.40% of the stock is currently owned by insiders.

OneMain Company Profile

OneMain Financial (NYSE: OMF) is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.

Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.