Jackson Creek Investment Advisors LLC Takes $1.57 Million Position in OneMain Holdings, Inc. $OMF

Jackson Creek Investment Advisors LLC bought a new position in OneMain Holdings, Inc. (NYSE:OMF) during the third quarter, Holdings Channel reports. The fund bought 27,849 shares of the financial services provider’s stock, valued at approximately $1,572,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Root Financial Partners LLC acquired a new position in shares of OneMain in the 3rd quarter valued at $26,000. Activest Wealth Management lifted its stake in OneMain by 1,102.1% during the third quarter. Activest Wealth Management now owns 577 shares of the financial services provider’s stock valued at $33,000 after buying an additional 529 shares in the last quarter. Bayforest Capital Ltd boosted its holdings in shares of OneMain by 591.8% in the third quarter. Bayforest Capital Ltd now owns 671 shares of the financial services provider’s stock worth $38,000 after buying an additional 574 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in shares of OneMain by 57.5% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 718 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 262 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of OneMain by 79.4% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 820 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 363 shares in the last quarter. 85.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at OneMain

In other news, COO Micah R. Conrad sold 5,000 shares of OneMain stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $59.20, for a total value of $296,000.00. Following the transaction, the chief operating officer directly owned 88,221 shares in the company, valued at approximately $5,222,683.20. The trade was a 5.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas H. Shulman sold 57,500 shares of OneMain stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $68.41, for a total value of $3,933,575.00. Following the completion of the transaction, the chief executive officer directly owned 174,100 shares in the company, valued at approximately $11,910,181. This represents a 24.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 63,152 shares of company stock worth $4,269,999 over the last 90 days. Insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

OMF has been the subject of several research analyst reports. Barclays upped their price target on shares of OneMain from $56.00 to $75.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 6th. Truist Financial started coverage on OneMain in a research report on Monday, December 8th. They issued a “buy” rating and a $75.00 target price for the company. Royal Bank Of Canada lifted their price target on OneMain from $68.00 to $70.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. Citigroup reissued a “market outperform” rating on shares of OneMain in a research note on Monday, November 24th. Finally, JMP Securities set a $68.00 price objective on OneMain in a research report on Monday, November 24th. Eight investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, OneMain has an average rating of “Moderate Buy” and an average price target of $72.33.

OneMain Stock Performance

NYSE:OMF opened at $65.36 on Tuesday. The stock’s 50 day moving average price is $66.49 and its 200 day moving average price is $61.21. OneMain Holdings, Inc. has a 52 week low of $38.00 and a 52 week high of $71.93. The company has a market capitalization of $7.69 billion, a P/E ratio of 11.08, a P/E/G ratio of 0.37 and a beta of 1.33.

OneMain (NYSE:OMF) last released its quarterly earnings data on Friday, October 31st. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.32. OneMain had a net margin of 13.15% and a return on equity of 22.70%. The business had revenue of $747.00 million during the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the previous year, the business earned $1.31 EPS. As a group, sell-side analysts forecast that OneMain Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

About OneMain

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.