OneMain Holdings, Inc. $OMF Stake Cut by Burney Co.

Burney Co. cut its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 46.0% in the first quarter, HoldingsChannel reports. The fund owned 17,174 shares of the financial services provider’s stock after selling 14,620 shares during the quarter. Burney Co.’s holdings in OneMain were worth $919,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Stephens Inc. AR grew its stake in OneMain by 47.4% during the 1st quarter. Stephens Inc. AR now owns 6,546 shares of the financial services provider’s stock valued at $350,000 after acquiring an additional 2,106 shares in the last quarter. HB Wealth Management LLC purchased a new stake in shares of OneMain in the first quarter worth approximately $253,000. New York State Teachers Retirement System lifted its position in shares of OneMain by 1.7% in the first quarter. New York State Teachers Retirement System now owns 11,131 shares of the financial services provider’s stock worth $595,000 after purchasing an additional 189 shares in the last quarter. Optas LLC acquired a new stake in shares of OneMain during the first quarter worth approximately $252,000. Finally, Root Financial Partners LLC boosted its holdings in shares of OneMain by 128.4% during the first quarter. Root Financial Partners LLC now owns 1,222 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 687 shares during the period. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at OneMain

In other OneMain news, COO Micah R. Conrad sold 5,000 shares of the business’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $60.00, for a total value of $300,000.00. Following the completion of the sale, the chief operating officer owned 101,250 shares of the company’s stock, valued at $6,075,000. The trade was a 4.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Michael A. Hedlund sold 1,848 shares of the company’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $62.00, for a total value of $114,576.00. Following the sale, the senior vice president owned 13,127 shares of the company’s stock, valued at approximately $813,874. This trade represents a 12.34% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 11,848 shares of company stock worth $724,576 over the last three months. Company insiders own 0.29% of the company’s stock.

OneMain Stock Up 2.8%

OMF stock opened at $58.84 on Friday. The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of 8.76, a P/E/G ratio of 0.43 and a beta of 1.22. OneMain Holdings, Inc. has a 12 month low of $45.78 and a 12 month high of $71.93. The firm has a 50 day moving average of $56.36 and a two-hundred day moving average of $58.57.

OneMain (NYSE:OMF) last released its quarterly earnings results on Friday, May 1st. The financial services provider reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.09. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.27 billion. OneMain had a net margin of 14.38% and a return on equity of 24.24%. OneMain’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.72 EPS. On average, research analysts expect that OneMain Holdings, Inc. will post 7.24 EPS for the current fiscal year.

OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 11th were given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 7.1%. The ex-dividend date of this dividend was Monday, May 11th. OneMain’s dividend payout ratio is presently 62.50%.

Analysts Set New Price Targets

A number of brokerages recently commented on OMF. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of OneMain from $81.00 to $80.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. TD Cowen increased their target price on shares of OneMain from $66.00 to $68.00 and gave the stock a “buy” rating in a research report on Tuesday. Barclays decreased their target price on shares of OneMain from $61.00 to $60.00 and set an “equal weight” rating for the company in a research note on Tuesday. BTIG Research restated a “neutral” rating on shares of OneMain in a report on Thursday, April 16th. Finally, Royal Bank Of Canada dropped their price target on shares of OneMain from $73.00 to $70.00 and set an “outperform” rating on the stock in a research note on Monday, May 4th. Eight investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $67.80.

About OneMain

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.