4,984 Shares in OneMain Holdings, Inc. (NYSE:OMF) Purchased by AE Wealth Management LLC

AE Wealth Management LLC bought a new position in OneMain Holdings, Inc. (NYSE:OMF) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 4,984 shares of the financial services provider’s stock, valued at approximately $242,000.

Several other large investors have also bought and sold shares of OMF. 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 buying an additional 1,118,166 shares during the last quarter. Capital International Investors raised its holdings 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 worth $488,937,000 after buying an additional 889,387 shares during the last quarter. Clearbridge Investments LLC raised its holdings in OneMain by 64.8% in the first quarter. Clearbridge Investments LLC now owns 1,890,017 shares of the financial services provider’s stock worth $96,561,000 after buying an additional 743,034 shares during the last quarter. Principal Financial Group Inc. raised its holdings in OneMain by 7,566.2% in the second quarter. Principal Financial Group Inc. now owns 718,172 shares of the financial services provider’s stock worth $34,824,000 after buying an additional 708,804 shares during the last quarter. Finally, Argent Capital Management LLC raised its holdings in OneMain by 608.1% in the first quarter. Argent Capital Management LLC now owns 503,613 shares of the financial services provider’s stock worth $25,730,000 after buying an additional 432,492 shares during the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

OMF has been the subject of several research reports. JMP Securities reissued a “market outperform” rating and set a $60.00 price objective on shares of OneMain in a report on Tuesday. Royal Bank of Canada reissued an “outperform” rating and set a $60.00 price objective on shares of OneMain in a report on Tuesday, September 17th. Northland Securities boosted their price objective on shares of OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Finally, Barclays decreased their price objective on shares of OneMain from $55.00 to $52.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $55.25.

Insiders Place Their Bets

In other OneMain news, SVP Michael A. Hedlund sold 2,400 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $50.00, for a total value of $120,000.00. Following the completion of the transaction, the senior vice president now directly owns 20,947 shares in the company, valued at $1,047,350. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Douglas H. Shulman sold 15,000 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $46.30, for a total transaction of $694,500.00. Following the completion of the transaction, the chief executive officer now directly owns 422,474 shares of the company’s stock, valued at $19,560,546.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael A. Hedlund sold 2,400 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $50.00, for a total transaction of $120,000.00. Following the transaction, the senior vice president now directly owns 20,947 shares of the company’s stock, valued at $1,047,350. The disclosure for this sale can be found here. Insiders sold a total of 32,300 shares of company stock worth $1,534,275 over the last three months. 0.45% of the stock is currently owned by company insiders.

OneMain Trading Up 0.7 %

Shares of NYSE OMF opened at $46.82 on Friday. The firm has a 50 day moving average of $47.70 and a 200 day moving average of $48.71. The firm has a market capitalization of $5.61 billion, a price-to-earnings ratio of 9.13, a price-to-earnings-growth ratio of 0.81 and a beta of 1.56. OneMain Holdings, Inc. has a 12-month low of $35.00 and a 12-month high of $54.94.

OneMain (NYSE:OMF) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.12. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $918.74 million. OneMain had a net margin of 12.33% and a return on equity of 20.63%. During the same period in the prior year, the business posted $1.01 earnings per share. Sell-side analysts predict that OneMain Holdings, Inc. will post 5.11 EPS for the current year.

OneMain Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 12th were given a $1.04 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.89%. OneMain’s payout ratio is currently 81.09%.

About OneMain

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.