Rhumbline Advisers Trims Stake in OneMain Holdings, Inc. (NYSE:OMF)

Rhumbline Advisers cut its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 1.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,641 shares of the financial services provider’s stock after selling 1,298 shares during the quarter. Rhumbline Advisers owned approximately 0.10% of OneMain worth $5,656,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. EdgeRock Capital LLC purchased a new position in shares of OneMain during the second quarter valued at about $31,000. International Assets Investment Management LLC purchased a new position in shares of OneMain during the second quarter valued at about $34,000. Blue Trust Inc. grew its position in shares of OneMain by 43.4% during the second quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 225 shares in the last quarter. Edmond DE Rothschild Holding S.A. purchased a new position in shares of OneMain during the fourth quarter valued at about $47,000. Finally, Abich Financial Wealth Management LLC grew its position in shares of OneMain by 46.1% during the first quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 304 shares in the last quarter. 85.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on OMF shares. JPMorgan Chase & Co. lifted their price target on OneMain from $52.00 to $54.00 and gave the stock an “overweight” rating in a research report on Monday, July 8th. BTIG Research started coverage on OneMain in a research report on Friday, June 7th. They issued a “neutral” rating for the company. JMP Securities lifted their price target on OneMain from $59.00 to $60.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft dropped their target price on OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Finally, Northland Securities boosted their target price on OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, OneMain presently has an average rating of “Moderate Buy” and an average price target of $54.83.

OneMain Stock Up 3.1 %

Shares of NYSE:OMF opened at $45.78 on Friday. The company has a market capitalization of $5.48 billion, a price-to-earnings ratio of 8.92, a price-to-earnings-growth ratio of 0.72 and a beta of 1.56. OneMain Holdings, Inc. has a 52 week low of $35.00 and a 52 week high of $54.94. The firm has a 50 day moving average of $48.19 and a 200 day moving average of $48.72.

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, topping analysts’ consensus estimates of $0.90 by $0.12. The business had revenue of $1.22 billion for 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 period in the prior year, the firm posted $1.01 earnings per share. On average, sell-side analysts expect that OneMain Holdings, Inc. will post 5.2 EPS for the current year.

OneMain Dividend Announcement

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

Insider Transactions at OneMain

In other news, COO Micah R. Conrad sold 2,500 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $45.75, for a total transaction of $114,375.00. Following the transaction, the chief operating officer now directly owns 117,025 shares of the company’s stock, valued at $5,353,893.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, COO Micah R. Conrad sold 1,614 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $50.00, for a total transaction of $80,700.00. Following the sale, the chief operating officer now directly owns 110,411 shares of the company’s stock, valued at $5,520,550. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Micah R. Conrad sold 2,500 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $45.75, for a total transaction of $114,375.00. Following the sale, the chief operating officer now directly owns 117,025 shares in the company, valued at $5,353,893.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,614 shares of company stock valued at $1,009,575. Corporate insiders own 0.45% of the company’s stock.

About OneMain

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.