Quantbot Technologies LP Invests $1.05 Million in OneMain Holdings, Inc. $OMF

Quantbot Technologies LP purchased a new stake in OneMain Holdings, Inc. (NYSE:OMF) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 17,298 shares of the financial services provider’s stock, valued at approximately $1,055,000.

A number of other large investors also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of OneMain during the first quarter worth about $2,037,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in OneMain by 2.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 442,598 shares of the financial services provider’s stock worth $21,634,000 after purchasing an additional 9,067 shares during the last quarter. Focus Partners Wealth grew its holdings in shares of OneMain by 101.8% during the first quarter. Focus Partners Wealth now owns 8,737 shares of the financial services provider’s stock worth $427,000 after buying an additional 4,407 shares in the last quarter. Prudential Financial Inc. raised its position in shares of OneMain by 32.9% in the second quarter. Prudential Financial Inc. now owns 9,492 shares of the financial services provider’s stock valued at $541,000 after buying an additional 2,350 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of OneMain by 26.2% in the second quarter. Russell Investments Group Ltd. now owns 19,644 shares of the financial services provider’s stock worth $1,119,000 after buying an additional 4,084 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other OneMain news, SVP Michael A. Hedlund sold 2,500 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $64.00, for a total transaction of $160,000.00. Following the completion of the transaction, the senior vice president owned 10,627 shares of the company’s stock, valued at $680,128. This trade represents a 19.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Micah R. Conrad sold 5,000 shares of OneMain stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $65.40, for a total transaction of $327,000.00. Following the sale, the chief operating officer owned 91,250 shares of the company’s stock, valued at approximately $5,967,750. This represents a 5.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 14,348 shares of company stock worth $911,576. 0.29% of the stock is owned by insiders.

OneMain Stock Performance

OMF opened at $63.33 on Wednesday. The stock has a market capitalization of $7.29 billion, a PE ratio of 9.54, a P/E/G ratio of 0.48 and a beta of 1.21. OneMain Holdings, Inc. has a one year low of $45.78 and a one year high of $71.93. The business’s 50 day moving average price is $61.46 and its 200 day moving average price is $57.55.

OneMain (NYSE:OMF) last posted its earnings results on Wednesday, July 29th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.05. OneMain had a return on equity of 23.49% and a net margin of 13.92%.The company had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter last year, the firm earned $1.45 earnings per share. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. As a group, equities research analysts forecast that OneMain Holdings, Inc. will post 7.11 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 14th. Investors of record on Monday, August 10th were issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 6.6%. The ex-dividend date was Monday, August 10th. OneMain’s payout ratio is 63.25%.

Analyst Ratings Changes

Several brokerages recently issued reports on OMF. TD Cowen upped their price objective on shares of OneMain from $66.00 to $68.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Weiss Ratings restated a “buy (b-)” rating on shares of OneMain in a report on Tuesday, July 7th. Barclays lowered their target price on OneMain from $61.00 to $60.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of OneMain in a report on Friday, July 10th. Finally, Citigroup reiterated a “market outperform” rating on shares of OneMain in a research report on Thursday, July 30th. Eight equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, OneMain has a consensus rating of “Moderate Buy” and a consensus price target of $68.40.

OneMain Company Profile

OneMain Financial (NYSE: OMF) is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.

Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.