Victory Capital Management Inc. Purchases 2,446 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Victory Capital Management Inc. boosted its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 6.9% during the 2nd quarter, Holdings Channel reports. The fund owned 37,999 shares of the financial services provider’s stock after buying an additional 2,446 shares during the period. Victory Capital Management Inc.’s holdings in OneMain were worth $1,843,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in OMF. Vanguard Group Inc. raised its position in shares of OneMain by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 12,317,755 shares of the financial services provider’s stock worth $629,314,000 after acquiring an additional 373,900 shares in the last quarter. Capital International Investors grew its stake in OneMain by 10.2% in the first quarter. Capital International Investors now owns 9,570,103 shares of the financial services provider’s stock valued at $488,937,000 after purchasing an additional 889,387 shares during the last quarter. Brave Warrior Advisors LLC raised its holdings in OneMain by 21.1% in the fourth quarter. Brave Warrior Advisors LLC now owns 6,416,800 shares of the financial services provider’s stock worth $315,707,000 after purchasing an additional 1,118,166 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of OneMain by 64.8% during 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 buying an additional 743,034 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of OneMain by 36.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,366,621 shares of the financial services provider’s stock valued at $67,238,000 after buying an additional 367,823 shares in the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on OMF shares. Deutsche Bank Aktiengesellschaft cut their price target on shares of OneMain from $64.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. JMP Securities boosted their target price on OneMain from $59.00 to $60.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 16th. BTIG Research started coverage on OneMain in a research note on Friday, June 7th. They issued a “neutral” rating for the company. Barclays dropped their price target on OneMain from $55.00 to $52.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $60.00 price objective on shares of OneMain in a report on Tuesday. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, OneMain has a consensus rating of “Moderate Buy” and an average price target of $55.25.

Insider Buying and Selling

In other news, SVP Michael A. Hedlund sold 2,400 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $46.00, for a total transaction of $110,400.00. Following the transaction, the senior vice president now owns 25,747 shares in the company, valued at approximately $1,184,362. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, SVP Michael A. Hedlund sold 2,400 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $46.00, for a total value of $110,400.00. Following the completion of the transaction, the senior vice president now directly owns 25,747 shares of the company’s stock, valued at approximately $1,184,362. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Micah R. Conrad sold 2,500 shares of OneMain 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 sale, the chief operating officer now directly owns 117,025 shares in the company, valued at approximately $5,353,893.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,014 shares of company stock valued at $1,119,975. 0.45% of the stock is owned by company insiders.

OneMain Stock Down 0.6 %

Shares of OMF opened at $48.26 on Thursday. The company has a market capitalization of $5.78 billion, a price-to-earnings ratio of 9.41, a PEG 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 stock’s 50-day moving average price is $48.22 and its 200-day moving average price is $48.75.

OneMain (NYSE:OMF) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.02 EPS for the quarter, topping the consensus estimate of $0.90 by $0.12. OneMain had a return on equity of 20.63% and a net margin of 12.33%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $918.74 million. During the same quarter in the prior year, the firm posted $1.01 EPS. As a group, equities analysts anticipate that OneMain Holdings, Inc. will post 5.2 EPS for the current fiscal year.

OneMain Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 12th were paid a $1.04 dividend. The ex-dividend date was Monday, August 12th. This represents a $4.16 annualized dividend and a dividend yield of 8.62%. OneMain’s dividend payout ratio is presently 81.09%.

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.