OneMain Holdings, Inc. $OMF Shares Bought by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC increased its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 102.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 19,127 shares of the financial services provider’s stock after buying an additional 9,677 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in OneMain were worth $1,292,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of OMF. Root Financial Partners LLC acquired a new position in shares of OneMain during the third quarter valued at approximately $26,000. Activest Wealth Management raised its holdings in shares of 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 acquiring an additional 529 shares during the last quarter. Bayforest Capital Ltd raised its holdings in shares of OneMain by 591.8% during the third quarter. Bayforest Capital Ltd now owns 671 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 574 shares during the last quarter. Spire Wealth Management raised its holdings in shares of OneMain by 83.2% during the fourth quarter. Spire Wealth Management now owns 700 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 318 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of OneMain by 57.5% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 718 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 262 shares during the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

OneMain Stock Performance

NYSE:OMF opened at $58.75 on Friday. 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 $6.88 billion, a PE ratio of 8.94, a P/E/G ratio of 0.42 and a beta of 1.30. The stock has a 50 day moving average price of $55.12 and a 200 day moving average price of $60.06.

OneMain (NYSE:OMF) last posted its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.59 EPS for the quarter, beating the consensus estimate of $1.55 by $0.04. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.28 billion. OneMain had a return on equity of 23.76% and a net margin of 14.35%.During the same quarter last year, the firm earned $1.16 earnings per share. As a group, analysts predict that OneMain Holdings, Inc. will post 7.5 earnings per share for the current fiscal year.

OneMain Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 23rd. Stockholders of record on Tuesday, February 17th were issued a dividend of $1.05 per share. The ex-dividend date was Tuesday, February 17th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 7.1%. OneMain’s dividend payout ratio is currently 63.93%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on OMF. Royal Bank Of Canada increased their target price on OneMain from $70.00 to $73.00 and gave the company an “outperform” rating in a report on Friday, February 6th. BTIG Research reissued a “neutral” rating on shares of OneMain in a report on Thursday, April 16th. Barclays reduced their target price on OneMain from $71.00 to $62.00 and set an “equal weight” rating for the company in a report on Monday, April 6th. Wells Fargo & Company reduced their target price on OneMain from $70.00 to $65.00 and set an “equal weight” rating for the company in a report on Thursday, April 9th. Finally, TD Cowen reissued a “buy” rating on shares of OneMain in a report on Thursday, January 8th. Seven investment 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 MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $67.44.

Insider Buying and Selling at OneMain

In related news, COO Micah R. Conrad sold 5,000 shares of the firm’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $60.00, for a total transaction of $300,000.00. Following the completion of the sale, the chief operating officer directly owned 101,250 shares of the company’s stock, valued at approximately $6,075,000. This trade represents a 4.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.40% of the company’s stock.

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.