Arkadios Wealth Advisors Buys Shares of 4,643 OneMain Holdings, Inc. (NYSE:OMF)

Arkadios Wealth Advisors purchased a new position in shares of OneMain Holdings, Inc. (NYSE:OMF) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 4,643 shares of the financial services provider’s stock, valued at approximately $225,000.

A number of other hedge funds have also made changes to their positions in the stock. Clearbridge Investments LLC grew its holdings in OneMain by 64.8% during the first quarter. Clearbridge Investments LLC now owns 1,890,017 shares of the financial services provider’s stock valued at $96,561,000 after purchasing an additional 743,034 shares during the last quarter. Brave Warrior Advisors LLC raised its holdings in OneMain by 21.1% in the 4th quarter. Brave Warrior Advisors LLC now owns 6,416,800 shares of the financial services provider’s stock worth $315,707,000 after acquiring an additional 1,118,166 shares during the period. Nomura Holdings Inc. acquired a new position in OneMain during the 4th quarter worth $9,139,000. Swedbank AB bought a new stake in OneMain during the first quarter valued at about $817,000. Finally, Argent Capital Management LLC grew its position in shares of OneMain by 33.6% in the second quarter. Argent Capital Management LLC now owns 672,952 shares of the financial services provider’s stock valued at $32,631,000 after purchasing an additional 169,339 shares during the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

OneMain Stock Performance

Shares of OneMain stock opened at $49.41 on Friday. OneMain Holdings, Inc. has a twelve month low of $35.00 and a twelve month high of $54.94. The firm has a market cap of $5.92 billion, a P/E ratio of 9.63, a price-to-earnings-growth ratio of 0.74 and a beta of 1.58. The firm’s 50-day simple moving average is $48.70 and its 200-day simple moving average is $48.79.

OneMain (NYSE:OMF) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.12. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $918.74 million. OneMain had a return on equity of 20.60% and a net margin of 12.33%. During the same period in the prior year, the company posted $1.01 EPS. On average, equities analysts forecast that OneMain Holdings, Inc. will post 5.37 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Shareholders 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 dividend on an annualized basis and a dividend yield of 8.42%. OneMain’s payout ratio is presently 81.09%.

Insider Buying and Selling at OneMain

In related news, CEO Douglas H. Shulman sold 15,000 shares of the stock in a transaction dated 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 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 at the SEC website. In other news, CEO Douglas H. Shulman sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $46.30, for a total value of $694,500.00. Following the transaction, the chief executive officer now directly owns 422,474 shares of the company’s stock, valued at approximately $19,560,546.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Michael A. Hedlund sold 3,000 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $48.10, for a total value of $144,300.00. Following the sale, the senior vice president now directly owns 28,147 shares of the company’s stock, valued at $1,353,870.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,000 shares of company stock valued at $1,073,175. 0.45% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on OMF shares. JPMorgan Chase & Co. boosted their price objective on OneMain from $52.00 to $54.00 and gave the stock an “overweight” rating in a research report on Monday, July 8th. Deutsche Bank Aktiengesellschaft lowered their price objective 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. Northland Securities upped 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. JMP Securities raised their price target on shares of OneMain from $59.00 to $60.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 16th. Finally, Barclays cut their price objective on shares of OneMain from $55.00 to $52.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.83.

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.