24,330 Shares in OneMain Holdings, Inc. $OMF Bought by Kendall Capital Management

Kendall Capital Management purchased a new position in shares of OneMain Holdings, Inc. (NYSE:OMF) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 24,330 shares of the financial services provider’s stock, valued at approximately $1,483,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OMF. CIBC Private Wealth Group LLC boosted its holdings in shares of OneMain by 117.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 374 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 202 shares during the period. Core Wealth Advisors LLC purchased a new stake in OneMain during the 4th quarter valued at $31,000. Atlantic Union Bankshares Corp purchased a new position in OneMain in the 4th quarter worth about $36,000. Transamerica Financial Advisors LLC lifted its position in OneMain by 88.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 670 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 314 shares during the period. Finally, Sunbelt Securities Inc. purchased a new position in shares of OneMain in the 3rd quarter worth $46,000. Institutional investors own 85.82% of the company’s stock.

OneMain Stock Performance

Shares of NYSE OMF opened at $63.26 on Friday. OneMain Holdings, Inc. has a 52-week low of $45.78 and a 52-week high of $71.93. The firm has a market capitalization of $7.28 billion, a price-to-earnings ratio of 9.53, a PEG ratio of 0.48 and a beta of 1.21. The stock has a 50 day moving average price of $61.24 and a 200 day moving average price of $57.61.

OneMain (NYSE:OMF) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.31 EPS for the quarter, topping the consensus estimate of $1.26 by $0.05. The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.28 billion. OneMain had a return on equity of 23.49% and a net margin of 13.92%.OneMain’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the business posted $1.45 EPS. Analysts forecast that OneMain Holdings, Inc. will post 7.11 earnings per share for the current year.

OneMain Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 10th were paid a dividend of $1.05 per share. The ex-dividend date was Monday, August 10th. This represents a $4.20 annualized dividend and a dividend yield of 6.6%. OneMain’s dividend payout ratio (DPR) is currently 63.25%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Evercore set a $66.00 price objective on OneMain in a research note on Monday, July 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of OneMain in a research note on Tuesday, July 7th. Citigroup reaffirmed a “market outperform” rating on shares of OneMain in a report on Thursday, July 30th. Barclays dropped their price target on OneMain from $61.00 to $60.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 7th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of OneMain in a report on Friday, July 10th. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $68.40.

Insider Transactions at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 2,500 shares of the firm’s 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 transaction, the senior vice president owned 10,627 shares of the company’s stock, valued at approximately $680,128. This trade represents a 19.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Micah R. Conrad sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $65.40, for a total transaction of $327,000.00. Following the completion of the sale, the chief operating officer directly owned 91,250 shares of the company’s stock, valued at $5,967,750. The trade was a 5.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 14,348 shares of company stock valued at $911,576. 0.29% of the stock is owned by 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.