Kingsview Wealth Management LLC Invests $5.31 Million in OneMain Holdings, Inc. $OMF

Kingsview Wealth Management LLC bought a new position in OneMain Holdings, Inc. (NYSE:OMF) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 78,601 shares of the financial services provider’s stock, valued at approximately $5,310,000.

Several other large investors have also recently made changes to their positions in the company. Csenge Advisory Group increased its holdings in shares of OneMain by 4.1% in the fourth quarter. Csenge Advisory Group now owns 4,239 shares of the financial services provider’s stock worth $286,000 after purchasing an additional 167 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of OneMain by 4.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,075 shares of the financial services provider’s stock worth $275,000 after purchasing an additional 174 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of OneMain by 9.1% in the second quarter. Geneos Wealth Management Inc. now owns 2,112 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 176 shares during the last quarter. Prime Capital Investment Advisors LLC increased its holdings in shares of OneMain by 3.9% in the third quarter. Prime Capital Investment Advisors LLC now owns 4,710 shares of the financial services provider’s stock worth $266,000 after purchasing an additional 177 shares during the last quarter. Finally, Generali Asset Management SPA SGR increased its holdings in shares of OneMain by 5.9% in the fourth quarter. Generali Asset Management SPA SGR now owns 3,413 shares of the financial services provider’s stock worth $231,000 after purchasing an additional 190 shares during the last quarter. 85.82% of the stock is owned by institutional investors.

Insider Transactions at OneMain

In related news, COO Micah R. Conrad sold 5,000 shares of the business’s stock in a transaction on 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 transaction, the chief operating officer owned 101,250 shares in the company, valued at $6,075,000. The trade was a 4.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is currently owned by insiders.

OneMain Trading Up 2.4%

Shares of NYSE:OMF opened at $55.35 on Friday. The company has a market capitalization of $6.40 billion, a price-to-earnings ratio of 8.24, a PEG ratio of 0.40 and a beta of 1.27. OneMain Holdings, Inc. has a 12 month low of $45.78 and a 12 month high of $71.93. The firm’s 50-day moving average is $55.18 and its 200 day moving average is $59.68.

OneMain (NYSE:OMF) last issued its quarterly earnings results on Friday, May 1st. The financial services provider reported $1.95 EPS for the quarter, beating the consensus estimate of $1.86 by $0.09. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.27 billion. OneMain had a net margin of 14.38% and a return on equity of 24.24%. The firm’s revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.72 EPS. As a group, equities analysts forecast that OneMain Holdings, Inc. will post 7.39 EPS for the current fiscal year.

OneMain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 11th were issued a dividend of $1.05 per share. The ex-dividend date was Monday, May 11th. This represents a $4.20 dividend on an annualized basis and a yield of 7.6%. OneMain’s payout ratio is presently 62.50%.

Analysts Set New Price Targets

A number of research firms recently weighed in on OMF. Evercore set a $55.00 target price on shares of OneMain in a report on Tuesday, March 17th. BTIG Research reissued a “neutral” rating on shares of OneMain in a report on Thursday, April 16th. Barclays lowered their price target on shares of OneMain from $62.00 to $61.00 and set an “equal weight” rating for the company in a report on Monday, May 4th. Truist Financial lowered their price target on shares of OneMain from $75.00 to $73.00 and set a “buy” rating for the company in a report on Friday, February 6th. Finally, Wells Fargo & Company lowered their price target on shares of OneMain from $70.00 to $65.00 and set an “equal weight” rating for the company in a report on Thursday, April 9th. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $68.30.

OneMain Profile

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.