Sei Investments Co. Acquires 6,128 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Sei Investments Co. increased its stake in OneMain Holdings, Inc. (NYSE:OMF) by 82.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 13,573 shares of the financial services provider’s stock after buying an additional 6,128 shares during the period. Sei Investments Co.’s holdings in OneMain were worth $658,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Clearbridge Investments LLC boosted its stake in OneMain by 64.8% in the first quarter. Clearbridge Investments LLC now owns 1,890,017 shares of the financial services provider’s stock valued at $96,561,000 after acquiring an additional 743,034 shares during the last quarter. Brave Warrior Advisors LLC grew its holdings in OneMain by 21.1% during the fourth quarter. Brave Warrior Advisors LLC now owns 6,416,800 shares of the financial services provider’s stock valued at $315,707,000 after purchasing an additional 1,118,166 shares during the period. Nomura Holdings Inc. purchased a new stake in OneMain in the fourth quarter worth $9,139,000. Swedbank AB bought a new stake in shares of OneMain in the first quarter valued at $817,000. Finally, Argent Capital Management LLC lifted its position in shares of OneMain by 33.6% during the 2nd quarter. Argent Capital Management LLC now owns 672,952 shares of the financial services provider’s stock valued at $32,631,000 after buying an additional 169,339 shares during the last quarter. Institutional investors own 85.82% of the company’s stock.

OneMain Stock Performance

NYSE:OMF opened at $45.77 on Wednesday. OneMain Holdings, Inc. has a 52-week low of $35.00 and a 52-week high of $54.94. The stock has a fifty day moving average of $46.84 and a 200 day moving average of $48.56. The firm has a market capitalization of $5.48 billion, a price-to-earnings ratio of 8.92, a P/E/G ratio of 0.81 and a beta of 1.56.

OneMain (NYSE:OMF) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating 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 return on equity of 20.63% and a net margin of 12.33%. During the same quarter last year, the company posted $1.01 EPS. Equities analysts forecast that OneMain Holdings, Inc. will post 5.11 earnings per share for the current fiscal year.

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 12th were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 9.09%. The ex-dividend date of this dividend was Monday, August 12th. OneMain’s payout ratio is 81.09%.

Analysts Set New Price Targets

OMF has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft decreased their price objective on OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Royal Bank of Canada reiterated an “outperform” rating and issued a $60.00 target price on shares of OneMain in a research note on Tuesday, September 17th. Northland Securities upped their price target on shares of OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Barclays lowered shares of OneMain from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $52.00 to $46.00 in a research note on Tuesday. Finally, JPMorgan Chase & Co. dropped their target price on OneMain from $56.00 to $51.00 and set an “overweight” rating on the stock in a research report on Monday. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, OneMain currently has a consensus rating of “Moderate Buy” and an average price target of $54.50.

Insider Activity

In related news, CEO Douglas H. Shulman sold 15,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $46.30, for a total value of $694,500.00. Following the completion of the transaction, the chief executive officer now directly owns 422,474 shares in the company, valued at approximately $19,560,546.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Douglas H. Shulman sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $46.30, for a total value of $694,500.00. Following the completion of the sale, the chief executive officer now owns 422,474 shares in the company, valued at $19,560,546.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Micah R. Conrad sold 886 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $50.00, for a total transaction of $44,300.00. Following the transaction, the chief operating officer now owns 104,739 shares in the company, valued at $5,236,950. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,300 shares of company stock worth $1,534,275. 0.45% of the stock is currently owned by corporate insiders.

OneMain Company Profile

OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses in the United States. It originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit cards; optional credit insurance products, including life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.