Sequoia Financial Advisors LLC Sells 8,409 Shares of OneMain Holdings, Inc. $OMF

Sequoia Financial Advisors LLC lessened its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 55.3% in the first quarter, Holdings Channel reports. The institutional investor owned 6,789 shares of the financial services provider’s stock after selling 8,409 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in OneMain were worth $363,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of OMF. CIBC Private Wealth Group LLC boosted its position in shares of OneMain by 117.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 374 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 202 shares during the period. Core Wealth Advisors LLC bought a new stake in OneMain during the 4th quarter worth approximately $31,000. Atlantic Union Bankshares Corp purchased a new stake in OneMain in the 4th quarter worth approximately $36,000. Transamerica Financial Advisors LLC lifted its stake in OneMain by 88.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 670 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 314 shares in the last quarter. Finally, Spire Wealth Management boosted its holdings in OneMain by 83.2% in the 4th quarter. Spire Wealth Management now owns 700 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 318 shares during the period. 85.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on OMF shares. Barclays reduced their price target on shares of OneMain from $61.00 to $60.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 7th. Truist Financial dropped their price objective on OneMain from $73.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of OneMain in a research report on Friday, July 10th. Royal Bank Of Canada decreased their target price on OneMain from $73.00 to $70.00 and set an “outperform” rating on the stock in a research note on Monday, May 4th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of OneMain in a report on Thursday, April 16th. Eight research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.80.

OneMain News Summary

Here are the key news stories impacting OneMain this week:

• Positive Sentiment: Northland Securities’ longer-term outlook was relatively constructive, with estimates for FY2027 earnings of $8.30 per share and Q3 2027 EPS of $2.21, suggesting expectations for improved profitability over time.
• Positive Sentiment: The company previously beat last quarter’s estimates, posting $1.95 EPS versus $1.86 expected and revenue of $1.58 billion versus $1.27 billion expected, which supports confidence in OneMain’s ability to outperform when results are released.
• Neutral Sentiment: Analysts on average still expect OneMain to earn $7.19 per share for the current fiscal year, indicating the market is watching whether management can stay near that target despite softer near-term projections.
• Negative Sentiment: Northland Securities cut its Q2 2026 EPS estimate to $1.30 from $1.72 and trimmed FY2026 EPS to $7.39 from $7.76, reinforcing concerns that the next report could show some earnings softness.
• Negative Sentiment: The Zacks preview specifically said OneMain lacks the combination of factors typically associated with an earnings beat, which may be contributing to the stock’s recent weakness.

OneMain Price Performance

OMF stock opened at $59.86 on Thursday. OneMain Holdings, Inc. has a one year low of $45.78 and a one year high of $71.93. The stock has a market cap of $6.92 billion, a PE ratio of 8.91, a P/E/G ratio of 0.46 and a beta of 1.22. The firm has a 50 day simple moving average of $57.22 and a two-hundred day simple moving average of $58.04.

OneMain (NYSE:OMF) last issued its quarterly earnings results on Friday, May 1st. The financial services provider reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.09. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.27 billion. OneMain had a net margin of 14.38% and a return on equity of 24.24%. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.72 EPS. On average, research analysts expect that OneMain Holdings, Inc. will post 7.14 EPS for the current fiscal year.

OneMain Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 11th were given a $1.05 dividend. The ex-dividend date was Monday, May 11th. This represents a $4.20 annualized dividend and a yield of 7.0%. OneMain’s payout ratio is 62.50%.

Insiders Place Their Bets

In related news, SVP Michael A. Hedlund sold 1,848 shares of the stock in a transaction on Monday, June 29th. The stock was sold at an average price of $62.00, for a total value of $114,576.00. Following the transaction, the senior vice president owned 13,127 shares of the company’s stock, valued at $813,874. This represents a 12.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 the firm’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $62.00, for a total value of $310,000.00. Following the sale, the chief operating officer owned 96,250 shares in the company, valued at $5,967,500. The trade was a 4.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is owned by corporate insiders.

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.