Truist Financial Corp lowered its stake in OneMain Holdings, Inc. (NYSE:OMF) by 15.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 43,867 shares of the financial services provider’s stock after selling 7,920 shares during the quarter. Truist Financial Corp’s holdings in OneMain were worth $2,428,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in OMF. Vanguard Group Inc. grew its holdings in shares of OneMain by 23.8% during the second quarter. Vanguard Group Inc. now owns 9,067,004 shares of the financial services provider’s stock worth $543,205,000 after buying an additional 1,744,460 shares in the last quarter. BlackRock Inc. boosted its position in OneMain by 15.5% during the second quarter. BlackRock Inc. now owns 4,165,223 shares of the financial services provider’s stock worth $249,537,000 after acquiring an additional 557,675 shares during the last quarter. Clearbridge Investments LLC grew its stake in OneMain by 0.4% during the 2nd quarter. Clearbridge Investments LLC now owns 2,409,682 shares of the financial services provider’s stock valued at $144,364,000 after acquiring an additional 8,530 shares in the last quarter. Parsifal Capital Management LP grew its stake in OneMain by 12.8% during the 2nd quarter. Parsifal Capital Management LP now owns 2,061,764 shares of the financial services provider’s stock valued at $123,520,000 after acquiring an additional 234,380 shares in the last quarter. Finally, Wedge Capital Management L L P NC grew its stake in OneMain by 1.5% during the 3rd quarter. Wedge Capital Management L L P NC now owns 1,688,404 shares of the financial services provider’s stock valued at $93,419,000 after acquiring an additional 24,847 shares in the last quarter. 88.24% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CEO Douglas H. Shulman acquired 2,250 shares of OneMain stock in a transaction dated Tuesday, October 26th. The shares were acquired at an average cost of $56.12 per share, for a total transaction of $126,270.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Douglas H. Shulman purchased 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 17th. The shares were bought at an average price of $50.73 per share, for a total transaction of $50,730.00. The disclosure for this purchase can be found here. 0.13% of the stock is currently owned by company insiders.
OneMain (NYSE:OMF) last released its earnings results on Tuesday, October 19th. The financial services provider reported $2.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.30 by $0.07. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.03 billion. OneMain had a net margin of 30.87% and a return on equity of 44.81%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.19 EPS. On average, equities analysts predict that OneMain Holdings, Inc. will post 10.74 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 9th. Stockholders of record on Tuesday, November 2nd were issued a $0.70 dividend. The ex-dividend date of this dividend was Monday, November 1st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.12%. OneMain’s payout ratio is 26.67%.
OMF has been the subject of several research reports. Zacks Investment Research raised shares of OneMain from a “sell” rating to a “hold” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of OneMain in a research note on Friday, October 8th. They set a “buy” rating and a $75.00 price objective for the company. Seaport Res Ptn reaffirmed a “neutral” rating on shares of OneMain in a research note on Thursday, December 2nd. Seaport Research Partners began coverage on shares of OneMain in a research note on Thursday, December 2nd. They set a “neutral” rating for the company. Finally, Barclays dropped their price target on shares of OneMain from $77.00 to $72.00 and set an “overweight” rating for the company in a research note on Monday, January 10th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, OneMain presently has a consensus rating of “Buy” and a consensus price target of $70.46.
OneMain Holdings, Inc is a consumer finance company, which provides origination, underwriting and servicing of personal loans, primarily to non-prime customers. It operates through the Consumer & Insurance and Other segments. The Consumer and Insurance segment comprises of service secured and unsecured personal loans, voluntary credit and non-credit insurance, and related products through its combined branch network, digital platform, and centralized operations.
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