DAVENPORT & Co LLC Boosts Stock Position in OneMain Holdings Inc (NYSE:OMF)

DAVENPORT & Co LLC boosted its holdings in OneMain Holdings Inc (NYSE:OMF) by 88.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,235 shares of the financial services provider’s stock after buying an additional 9,985 shares during the quarter. DAVENPORT & Co LLC’s holdings in OneMain were worth $521,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Steward Partners Investment Advisory LLC increased its holdings in OneMain by 184.2% in the first quarter. Steward Partners Investment Advisory LLC now owns 1,435 shares of the financial services provider’s stock valued at $27,000 after buying an additional 930 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of OneMain by 29.7% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,655 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 379 shares during the last quarter. Signaturefd LLC grew its holdings in shares of OneMain by 133.5% during the first quarter. Signaturefd LLC now owns 2,006 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 1,147 shares during the last quarter. US Bancorp DE grew its holdings in shares of OneMain by 15,961.9% during the first quarter. US Bancorp DE now owns 3,373 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 3,352 shares during the last quarter. Finally, Denali Advisors LLC purchased a new position in shares of OneMain during the second quarter worth about $160,000. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CFO Micah R. Conrad acquired 2,500 shares of OneMain stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average price of $18.86 per share, for a total transaction of $47,150.00. Following the completion of the transaction, the chief financial officer now directly owns 25,299 shares in the company, valued at $477,139.14. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.45% of the stock is owned by company insiders.

Shares of NYSE:OMF opened at $28.70 on Friday. The company has a market cap of $3.85 billion, a P/E ratio of 5.91 and a beta of 2.40. OneMain Holdings Inc has a 52 week low of $12.21 and a 52 week high of $48.92. The company has a 50-day moving average price of $25.02 and a 200 day moving average price of $28.89.

OneMain (NYSE:OMF) last announced its quarterly earnings data on Monday, July 27th. The financial services provider reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.58. The firm had revenue of $806.00 million during the quarter, compared to the consensus estimate of $771.63 million. OneMain had a net margin of 13.95% and a return on equity of 17.28%. During the same quarter last year, the firm earned $1.62 earnings per share. As a group, analysts predict that OneMain Holdings Inc will post 3.08 earnings per share for the current fiscal year.

The company also recently disclosed a None dividend, which will be paid on Tuesday, August 18th. Investors of record on Monday, August 10th will be given a $2.33 dividend. The ex-dividend date is Friday, August 7th. This represents a yield of 4.6%. OneMain’s payout ratio is currently 19.64%.

OMF has been the topic of several research reports. JMP Securities dropped their price objective on OneMain from $55.00 to $35.00 and set a “market outperform” rating on the stock in a report on Wednesday, April 29th. Wells Fargo & Co reaffirmed a “buy” rating on shares of OneMain in a report on Monday, April 20th. Barclays raised their price objective on OneMain from $28.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday. UBS Group raised their price objective on OneMain from $36.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Finally, JPMorgan Chase & Co. increased their target price on shares of OneMain from $25.50 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $38.12.

OneMain Profile

OneMain Holdings, Inc, through its subsidiaries, provides consumer finance and insurance products and services. The company operates in two segments, Consumer and Insurance, and Acquisitions and Servicing. It provides secured and unsecured personal loans; credit insurance products, such as life, disability, and involuntary unemployment insurance products; non-credit insurance; and auto membership plans, as well as retail sales finance services.

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Institutional Ownership by Quarter for OneMain (NYSE:OMF)

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