140,000 Shares in OneMain Holdings, Inc. (NYSE:OMF) Acquired by Lodge Hill Capital LLC

Lodge Hill Capital LLC purchased a new stake in OneMain Holdings, Inc. (NYSE:OMF) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 140,000 shares of the financial services provider’s stock, valued at approximately $6,789,000. OneMain makes up about 1.8% of Lodge Hill Capital LLC’s holdings, making the stock its 16th biggest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its position in OneMain by 6.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,476 shares of the financial services provider’s stock valued at $171,000 after acquiring an additional 200 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of OneMain by 43.4% in 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. US Bancorp DE boosted its position in shares of OneMain by 1.8% during the first quarter. US Bancorp DE now owns 14,040 shares of the financial services provider’s stock worth $717,000 after buying an additional 245 shares during the period. Quadrant Capital Group LLC grew its holdings in shares of OneMain by 21.8% during the fourth quarter. Quadrant Capital Group LLC now owns 1,405 shares of the financial services provider’s stock worth $69,000 after buying an additional 251 shares in the last quarter. Finally, Essex Financial Services Inc. raised its position in OneMain by 6.9% in the 2nd quarter. Essex Financial Services Inc. now owns 4,226 shares of the financial services provider’s stock valued at $205,000 after buying an additional 272 shares during the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

Wall Street Analyst Weigh In

OMF has been the subject of several research reports. Barclays decreased their price target on shares of OneMain from $55.00 to $52.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. JPMorgan Chase & Co. raised their target price on shares of OneMain from $52.00 to $54.00 and gave the company an “overweight” rating in a research report on Monday, July 8th. Northland Securities boosted their price target on shares of OneMain from $53.00 to $55.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. Royal Bank of Canada restated an “outperform” rating and issued a $60.00 price objective on shares of OneMain in a report on Tuesday. Finally, BTIG Research started coverage on OneMain in a research report on Friday, June 7th. They set a “neutral” rating for the company. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, OneMain presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.25.

Insider Buying and Selling at OneMain

In other news, CEO Douglas H. Shulman sold 15,000 shares of OneMain stock in a transaction on Friday, August 16th. The stock was sold at an average price of $46.30, for a total transaction of $694,500.00. Following the completion of the sale, the chief executive officer now owns 422,474 shares of the company’s stock, valued at $19,560,546.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other OneMain news, CEO Douglas H. Shulman sold 15,000 shares of OneMain stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $46.30, for a total value of $694,500.00. Following the completion of the sale, the chief executive officer now owns 422,474 shares in the company, valued at approximately $19,560,546.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Micah R. Conrad sold 1,614 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $50.00, for a total transaction of $80,700.00. Following the completion of the sale, 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 32,300 shares of company stock valued at $1,534,275 in the last ninety days. 0.45% of the stock is currently owned by corporate insiders.

OneMain Price Performance

Shares of OneMain stock opened at $49.08 on Friday. OneMain Holdings, Inc. has a 1 year low of $35.00 and a 1 year high of $54.94. The company has a market capitalization of $5.88 billion, a price-to-earnings ratio of 9.57, a P/E/G ratio of 0.72 and a beta of 1.56. The business has a fifty day simple moving average of $48.23 and a two-hundred day simple moving average of $48.77.

OneMain (NYSE:OMF) last announced its earnings results 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. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $918.74 million. OneMain had a net margin of 12.33% and a return on equity of 20.63%. During the same quarter in the previous year, the firm posted $1.01 EPS. As a group, equities analysts anticipate that OneMain Holdings, Inc. will post 5.2 earnings per share for the current fiscal year.

OneMain Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 12th were issued a dividend of $1.04 per share. The ex-dividend date was Monday, August 12th. This represents a $4.16 annualized dividend and a yield of 8.48%. OneMain’s payout ratio is currently 81.09%.

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.