Lecap Asset Management Ltd. Purchases New Shares in OneMain Holdings, Inc. (NYSE:OMF)

Lecap Asset Management Ltd. bought a new stake in OneMain Holdings, Inc. (NYSE:OMF) during the 3rd quarter, HoldingsChannel reports. The firm bought 18,615 shares of the financial services provider’s stock, valued at approximately $876,000.

Several other institutional investors have also modified their holdings of the stock. Allspring Global Investments Holdings LLC grew its position in shares of OneMain by 9.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 51,495 shares of the financial services provider’s stock valued at $2,424,000 after purchasing an additional 4,325 shares during the period. Blue Trust Inc. grew its position in shares of OneMain by 64.1% in the third quarter. Blue Trust Inc. now owns 1,219 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 476 shares during the period. nVerses Capital LLC grew its position in shares of OneMain by 25.5% in the third quarter. nVerses Capital LLC now owns 5,900 shares of the financial services provider’s stock valued at $278,000 after purchasing an additional 1,200 shares during the period. Asio Capital LLC lifted its stake in shares of OneMain by 1.7% in the third quarter. Asio Capital LLC now owns 84,479 shares of the financial services provider’s stock worth $3,976,000 after buying an additional 1,445 shares in the last quarter. Finally, Peak Financial Advisors LLC lifted its stake in shares of OneMain by 7.5% in the third quarter. Peak Financial Advisors LLC now owns 9,278 shares of the financial services provider’s stock worth $437,000 after buying an additional 648 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of OneMain from $56.00 to $51.00 and set an “overweight” rating on the stock in a research note on Monday, October 7th. Wells Fargo & Company decreased their price target on shares of OneMain from $53.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Monday, October 14th. Royal Bank of Canada reissued an “outperform” rating and issued a $58.00 price target on shares of OneMain in a research note on Wednesday, October 16th. Barclays downgraded shares of OneMain from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $52.00 to $46.00 in a research note on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft reduced 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. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $54.00.

Insider Buying and Selling at OneMain

In other news, COO Micah R. Conrad sold 2,500 shares of the business’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 directly owns 117,025 shares of the company’s stock, valued at approximately $5,353,893.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other OneMain news, SVP Michael A. Hedlund sold 2,400 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $46.00, for a total transaction of $110,400.00. Following the completion of the sale, the senior vice president now owns 25,747 shares in the company, valued at $1,184,362. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Micah R. Conrad sold 2,500 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was 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 of the company’s stock, valued at $5,353,893.75. This represents a 0.00 % decrease in their position. 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 over the last ninety days. Corporate insiders own 0.45% of the company’s stock.

OneMain Stock Performance

OMF stock opened at $46.06 on Thursday. OneMain Holdings, Inc. has a one year low of $35.00 and a one year high of $54.94. The stock has a market capitalization of $5.52 billion, a PE ratio of 8.98, a price-to-earnings-growth ratio of 0.87 and a beta of 1.56. The company has a fifty day moving average of $46.96 and a 200-day moving average of $48.32.

OneMain (NYSE:OMF) last posted its earnings results 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. OneMain had a net margin of 12.33% and a return on equity of 20.63%. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $918.74 million. During the same period last year, the firm posted $1.01 EPS. Equities analysts forecast that OneMain Holdings, Inc. will post 4.91 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 16th. Investors 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 annualized dividend and a dividend yield of 9.03%. OneMain’s dividend payout ratio is presently 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.