OneMain Holdings, Inc. (NYSE:OMF) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. boosted its position in OneMain Holdings, Inc. (NYSE:OMF) by 2.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 726,774 shares of the financial services provider’s stock after buying an additional 14,644 shares during the quarter. American Century Companies Inc. owned 0.61% of OneMain worth $35,241,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Clearbridge Investments LLC increased 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 worth $96,561,000 after acquiring an additional 743,034 shares during the last quarter. Brave Warrior Advisors LLC boosted its stake in shares of OneMain by 21.1% during the 4th quarter. Brave Warrior Advisors LLC now owns 6,416,800 shares of the financial services provider’s stock valued at $315,707,000 after buying an additional 1,118,166 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in shares of OneMain during the fourth quarter worth approximately $9,139,000. Swedbank AB acquired a new stake in OneMain in the first quarter valued at $817,000. Finally, Argent Capital Management LLC boosted its stake in 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 acquiring an additional 169,339 shares during the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

OneMain Stock Performance

Shares of OMF opened at $48.56 on Wednesday. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of 9.47, a price-to-earnings-growth ratio of 0.72 and a beta of 1.56. OneMain Holdings, Inc. has a one year low of $35.00 and a one year high of $54.94. The stock’s fifty day moving average is $48.17 and its 200-day moving average is $48.75.

OneMain (NYSE:OMF) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.12. OneMain had a net margin of 12.33% and a return on equity of 20.63%. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $918.74 million. During the same period in the previous year, the business earned $1.01 EPS. Analysts forecast that OneMain Holdings, Inc. will post 5.2 EPS for the current fiscal year.

OneMain Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 12th were paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.57%. The ex-dividend date of this dividend was Monday, August 12th. OneMain’s dividend payout ratio (DPR) is currently 81.09%.

Insider Activity

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

Analyst Ratings Changes

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

OneMain 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.