Jefferies Financial Group Inc. Purchases New Stake in OneMain Holdings, Inc. $OMF

Jefferies Financial Group Inc. purchased a new stake in shares of OneMain Holdings, Inc. (NYSE:OMF) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 73,390 shares of the financial services provider’s stock, valued at approximately $4,475,000.

Several other large investors also recently made changes to their positions in OMF. CIBC Private Wealth Group LLC raised its stake in shares of OneMain by 117.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 374 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 202 shares during the period. Core Wealth Advisors LLC purchased a new stake in OneMain during the 4th quarter worth $31,000. Atlantic Union Bankshares Corp acquired a new stake in OneMain in the 4th quarter valued at $36,000. Transamerica Financial Advisors LLC increased its holdings in OneMain by 88.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 670 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 314 shares in the last quarter. Finally, Sunbelt Securities Inc. purchased a new position in OneMain in the third quarter valued at about $46,000. Institutional investors and hedge funds own 85.82% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on OMF. Citigroup reaffirmed a “market outperform” rating on shares of OneMain in a research report on Thursday, July 30th. Royal Bank Of Canada upped their target price on OneMain from $70.00 to $73.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of OneMain in a research report on Friday, July 10th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of OneMain in a report on Tuesday, July 7th. Finally, Citizens Jmp lifted their target price on OneMain from $68.00 to $70.00 and gave the company a “market outperform” rating in a research note on Thursday, July 30th. Eight investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $68.40.

Insider Buying and Selling

In other OneMain news, SVP Michael A. Hedlund sold 2,500 shares of OneMain stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $64.00, for a total transaction of $160,000.00. Following the sale, the senior vice president owned 10,627 shares of the company’s stock, valued at $680,128. The trade was a 19.04% decrease in their position. The sale was disclosed in a legal 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, COO Micah R. Conrad sold 5,000 shares of the business’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $62.00, for a total value of $310,000.00. Following the transaction, the chief operating officer owned 96,250 shares of the company’s stock, valued at $5,967,500. This trade represents a 4.94% 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 sold a total of 14,348 shares of company stock valued at $911,576 over the last three months. Corporate insiders own 0.29% of the company’s stock.

OneMain Stock Performance

Shares of OMF opened at $62.95 on Friday. The firm has a fifty day moving average of $61.78 and a 200-day moving average of $57.61. The company has a market cap of $7.24 billion, a price-to-earnings ratio of 9.48, a price-to-earnings-growth ratio of 0.49 and a beta of 1.21. OneMain Holdings, Inc. has a 1 year low of $45.78 and a 1 year high of $71.93.

OneMain (NYSE:OMF) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.05. The business had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.28 billion. OneMain had a net margin of 13.92% and a return on equity of 23.49%. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.45 EPS. Analysts predict that OneMain Holdings, Inc. will post 7.11 EPS for the current year.

OneMain Dividend Announcement

The firm also recently disclosed 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 payout ratio is currently 63.25%.

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.