12,351 Shares in OneMain Holdings, Inc. $OMF Acquired by Callan Family Office LLC

Callan Family Office LLC purchased a new position in OneMain Holdings, Inc. (NYSE:OMF) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 12,351 shares of the financial services provider’s stock, valued at approximately $704,000.

Other hedge funds have also made changes to their positions in the company. Alpine Bank Wealth Management bought a new stake in shares of OneMain in the 1st quarter worth approximately $27,000. SVB Wealth LLC bought a new stake in shares of OneMain in the 1st quarter worth approximately $34,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of OneMain in the 1st quarter worth approximately $42,000. Headlands Technologies LLC bought a new stake in shares of OneMain in the 1st quarter worth approximately $46,000. Finally, GAMMA Investing LLC lifted its holdings in shares of OneMain by 191.9% in the 1st quarter. GAMMA Investing LLC now owns 1,007 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 662 shares during the last quarter. Institutional investors own 85.82% of the company’s stock.

OneMain Stock Performance

OMF opened at $53.23 on Tuesday. OneMain Holdings, Inc. has a one year low of $38.00 and a one year high of $63.24. The stock’s fifty day moving average is $58.68 and its 200-day moving average is $54.31. The company has a market capitalization of $6.33 billion, a PE ratio of 9.61, a P/E/G ratio of 0.42 and a beta of 1.32.

OneMain (NYSE:OMF) last posted its quarterly earnings data on Friday, July 25th. The financial services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.20. OneMain had a return on equity of 20.65% and a net margin of 12.63%.The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the business earned $1.02 EPS. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, equities research analysts forecast that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 13th. Stockholders of record on Monday, August 4th were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend was Monday, August 4th. OneMain’s payout ratio is currently 75.09%.

Analyst Ratings Changes

Several brokerages recently issued reports on OMF. Wells Fargo & Company started coverage on OneMain in a report on Monday, August 25th. They issued an “equal weight” rating on the stock. Barclays raised their price target on OneMain from $48.00 to $56.00 and gave the company an “equal weight” rating in a report on Tuesday, July 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of OneMain in a report on Wednesday, October 8th. JMP Securities lowered their target price on shares of OneMain from $65.00 to $63.00 and set a “market outperform” rating on the stock in a research note on Monday. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $57.00 price target (down from $63.00) on shares of OneMain in a research note on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $60.50.

Insider Activity at OneMain

In related news, CEO Douglas H. Shulman sold 35,000 shares of OneMain stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $59.47, for a total value of $2,081,450.00. Following the transaction, the chief executive officer directly owned 275,100 shares in the company, valued at $16,360,197. The trade was a 11.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.40% of the company’s stock.

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.