Squarepoint Ops LLC Has $12.47 Million Holdings in OneMain Holdings, Inc. $OMF

Squarepoint Ops LLC boosted its stake in OneMain Holdings, Inc. (NYSE:OMF) by 4.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 204,499 shares of the financial services provider’s stock after purchasing an additional 9,179 shares during the period. Squarepoint Ops LLC owned about 0.18% of OneMain worth $12,468,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of OneMain in the second quarter valued at about $633,893,000. California State Teachers Retirement System lifted its position in shares of OneMain by 5,748.8% during the 2nd quarter. California State Teachers Retirement System now owns 8,245,644 shares of the financial services provider’s stock valued at $502,737,000 after acquiring an additional 8,104,663 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of OneMain by 7.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,342,241 shares of the financial services provider’s stock valued at $232,258,000 after acquiring an additional 308,370 shares during the period. Janus Henderson Group PLC increased its position in OneMain by 7.7% in the 1st quarter. Janus Henderson Group PLC now owns 2,729,862 shares of the financial services provider’s stock valued at $146,030,000 after buying an additional 195,591 shares in the last quarter. Finally, Jupiter Topco LLC acquired a new position in OneMain during the 2nd quarter worth approximately $166,060,000. 85.82% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Michael A. Hedlund sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $64.00, for a total value of $160,000.00. Following the completion of the transaction, the senior vice president directly owned 10,627 shares in the company, valued at approximately $680,128. This trade represents a 19.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Micah R. Conrad sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $65.40, for a total transaction of $327,000.00. Following the transaction, the chief operating officer directly owned 91,250 shares of the company’s stock, valued at approximately $5,967,750. This represents a 5.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 14,348 shares of company stock worth $911,576. Company insiders own 0.29% of the company’s stock.

OneMain Price Performance

OneMain stock opened at $62.61 on Thursday. OneMain Holdings, Inc. has a one year low of $45.78 and a one year high of $71.93. The business has a fifty day moving average price of $62.33 and a 200-day moving average price of $57.88. The firm has a market capitalization of $7.20 billion, a P/E ratio of 9.43, a PEG ratio of 0.49 and a beta of 1.22.

OneMain (NYSE:OMF) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.05. The company had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.28 billion. OneMain had a return on equity of 23.49% and a net margin of 13.92%.The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.45 earnings per share. Sell-side analysts expect that OneMain Holdings, Inc. will post 7.11 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 10th were given a dividend of $1.05 per share. The ex-dividend date was Monday, August 10th. This represents a $4.20 annualized dividend and a dividend yield of 6.7%. OneMain’s dividend payout ratio is currently 63.25%.

Analysts Set New Price Targets

A number of research firms have issued reports on OMF. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of OneMain in a research note on Friday, July 10th. Citizens Jmp raised their price target on shares of OneMain from $68.00 to $70.00 and gave the stock a “market outperform” rating in a research note on Thursday, July 30th. Truist Financial increased their price objective on OneMain from $70.00 to $71.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Evercore set a $66.00 target price on OneMain in a research report on Monday, July 6th. Finally, Royal Bank Of Canada raised their target price on OneMain from $70.00 to $73.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Eight equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, OneMain currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.40.

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.