Edgestream Partners L.P. Buys 9,597 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Edgestream Partners L.P. raised its stake in OneMain Holdings, Inc. (NYSE:OMF) by 31.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 40,399 shares of the financial services provider’s stock after purchasing an additional 9,597 shares during the quarter. Edgestream Partners L.P.’s holdings in OneMain were worth $2,064,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OMF. Brave Warrior Advisors LLC raised its holdings in shares of 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 acquiring an additional 1,118,166 shares in the last quarter. Taylor Frigon Capital Management LLC bought a new position in shares of OneMain during the fourth quarter valued at approximately $1,649,000. Nomura Holdings Inc. bought a new position in shares of OneMain during the fourth quarter valued at approximately $9,139,000. Miller Howard Investments Inc. NY raised its holdings in shares of OneMain by 659.7% during the fourth quarter. Miller Howard Investments Inc. NY now owns 105,289 shares of the financial services provider’s stock valued at $5,180,000 after acquiring an additional 91,429 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of OneMain by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,348,842 shares of the financial services provider’s stock valued at $66,363,000 after acquiring an additional 17,330 shares in the last quarter. Institutional investors own 85.82% of the company’s stock.

Insider Activity at OneMain

In related news, CEO Douglas H. Shulman sold 19,000 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $51.37, for a total transaction of $976,030.00. Following the sale, the chief executive officer now directly owns 451,300 shares of the company’s stock, valued at $23,183,281. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, COO Micah R. Conrad sold 7,500 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $50.63, for a total transaction of $379,725.00. Following the sale, the chief operating officer now directly owns 119,525 shares of the company’s stock, valued at $6,051,550.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas H. Shulman sold 19,000 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $51.37, for a total value of $976,030.00. Following the sale, the chief executive officer now directly owns 451,300 shares in the company, valued at $23,183,281. The disclosure for this sale can be found here. Insiders have sold 29,500 shares of company stock valued at $1,500,055 over the last ninety days. Insiders own 0.45% of the company’s stock.

OneMain Stock Up 0.5 %

Shares of NYSE OMF traded up $0.28 during trading on Monday, reaching $51.43. The company had a trading volume of 502,014 shares, compared to its average volume of 955,059. OneMain Holdings, Inc. has a 12-month low of $35.00 and a 12-month high of $53.65. The stock has a market cap of $6.16 billion, a PE ratio of 10.03, a P/E/G ratio of 0.76 and a beta of 1.58. The business’s 50-day moving average is $48.89 and its 200 day moving average is $48.59.

OneMain (NYSE:OMF) last released its earnings results on Tuesday, April 30th. The financial services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.07. OneMain had a return on equity of 20.78% and a net margin of 13.29%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $907.93 million. During the same period in the prior year, the firm posted $1.46 earnings per share. On average, analysts anticipate that OneMain Holdings, Inc. will post 5.48 earnings per share for the current year.

OneMain Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Friday, May 10th were given a dividend of $1.04 per share. The ex-dividend date was Thursday, May 9th. This is a boost from OneMain’s previous quarterly dividend of $1.00. This represents a $4.16 annualized dividend and a dividend yield of 8.09%. OneMain’s dividend payout ratio (DPR) is 81.09%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on OMF shares. Deutsche Bank Aktiengesellschaft decreased their target price on OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. JPMorgan Chase & Co. upped their target price on OneMain from $52.00 to $54.00 and gave the company an “overweight” rating in a report on Monday, July 8th. BMO Capital Markets upped their price target on OneMain from $48.00 to $50.00 and gave the stock a “market perform” rating in a research note on Thursday, May 2nd. Royal Bank of Canada upped their price target on OneMain from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. Finally, JMP Securities upped their price target on OneMain from $59.00 to $60.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 16th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $54.33.

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.