5,431 Shares in OneMain Holdings, Inc. (NYSE:OMF) Acquired by PFG Investments LLC

PFG Investments LLC bought a new position in OneMain Holdings, Inc. (NYSE:OMF) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,431 shares of the financial services provider’s stock, valued at approximately $256,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of OneMain by 3.1% in the first quarter. Vanguard Group Inc. now owns 12,317,755 shares of the financial services provider’s stock valued at $629,314,000 after buying an additional 373,900 shares during the period. Capital International Investors lifted its holdings in OneMain by 10.2% in the 1st quarter. Capital International Investors now owns 9,570,103 shares of the financial services provider’s stock valued at $488,937,000 after acquiring an additional 889,387 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of OneMain by 9.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,288,643 shares of the financial services provider’s stock valued at $159,465,000 after purchasing an additional 270,207 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of OneMain by 1.3% in the 2nd quarter. Clearbridge Investments LLC now owns 1,914,355 shares of the financial services provider’s stock worth $92,827,000 after purchasing an additional 24,338 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of OneMain by 1.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,169,590 shares of the financial services provider’s stock worth $56,713,000 after purchasing an additional 12,938 shares in the last quarter. 85.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

OMF has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of OneMain from $56.00 to $51.00 and set an “overweight” rating for the company in a report on Monday, October 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Barclays lowered OneMain from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $52.00 to $46.00 in a research report on Tuesday, October 8th. JMP Securities reiterated a “market outperform” rating and issued a $60.00 price target on shares of OneMain in a research report on Monday, October 14th. Finally, Wells Fargo & Company cut their price objective on OneMain from $53.00 to $49.00 and set an “equal weight” rating on the stock in a report on Monday, October 14th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, OneMain has an average rating of “Moderate Buy” and an average price target of $54.00.

Insider Activity at OneMain

In related news, CEO Douglas H. Shulman sold 15,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 422,474 shares of the company’s stock, valued at approximately $19,560,546.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Douglas H. Shulman sold 15,000 shares of the 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 transaction, the chief executive officer now owns 422,474 shares in the company, valued at $19,560,546.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Micah R. Conrad sold 2,500 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $45.75, for a total transaction of $114,375.00. Following the transaction, the chief operating officer now owns 117,025 shares in the company, valued at $5,353,893.75. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,300 shares of company stock valued at $1,534,275. 0.45% of the stock is owned by corporate insiders.

OneMain Stock Up 9.3 %

Shares of NYSE:OMF opened at $51.90 on Thursday. OneMain Holdings, Inc. has a 12-month low of $35.53 and a 12-month high of $54.94. The firm has a market capitalization of $6.22 billion, a P/E ratio of 10.17, a price-to-earnings-growth ratio of 0.89 and a beta of 1.56. The firm has a fifty day moving average of $46.99 and a two-hundred day moving average of $48.29.

OneMain (NYSE:OMF) last issued its earnings results on Wednesday, July 31st. The financial services provider reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.12. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $918.74 million. OneMain had a return on equity of 20.63% and a net margin of 12.33%. During the same quarter in the previous year, the company posted $1.01 earnings per share. Equities research analysts expect that OneMain Holdings, Inc. will post 4.91 earnings per share for the current fiscal year.

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.