Envestnet Asset Management Inc. Purchases 16,271 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Envestnet Asset Management Inc. lifted its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 35.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,063 shares of the financial services provider’s stock after acquiring an additional 16,271 shares during the period. Envestnet Asset Management Inc.’s holdings in OneMain were worth $3,718,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Artemis Investment Management LLP lifted its holdings in shares of OneMain by 30.3% during the 2nd quarter. Artemis Investment Management LLP now owns 559,751 shares of the financial services provider’s stock worth $33,559,000 after acquiring an additional 130,140 shares during the period. Empowered Funds LLC bought a new position in OneMain in the 2nd quarter valued at approximately $1,911,000. Moody Aldrich Partners LLC bought a new position in OneMain in the 2nd quarter valued at approximately $926,000. Brinker Capital Investments LLC bought a new position in OneMain in the 2nd quarter valued at approximately $995,000. Finally, Handelsbanken Fonder AB lifted its stake in OneMain by 17.6% in the 2nd quarter. Handelsbanken Fonder AB now owns 17,381 shares of the financial services provider’s stock valued at $1,041,000 after purchasing an additional 2,600 shares during the last quarter. 84.96% of the stock is owned by institutional investors.

In other OneMain news, major shareholder Apollo Management Holdings Gp, sold 10,925,000 shares of the firm’s stock in a transaction on Tuesday, August 3rd. The shares were sold at an average price of $58.36, for a total value of $637,583,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas H. Shulman purchased 4,310 shares of OneMain stock in a transaction on Thursday, August 5th. The stock was bought at an average price of $58.14 per share, with a total value of $250,583.40. Following the completion of the acquisition, the chief executive officer now directly owns 241,048 shares of the company’s stock, valued at approximately $14,014,530.72. The disclosure for this purchase can be found here. Corporate insiders own 0.13% of the company’s stock.

Several brokerages recently commented on OMF. Piper Sandler increased their price objective on shares of OneMain from $73.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, July 2nd. JMP Securities increased their price objective on shares of OneMain from $65.00 to $72.00 and gave the company a “market outperform” rating in a research note on Friday, July 23rd. Citigroup increased their price objective on shares of OneMain from $64.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday, July 28th. Credit Suisse Group upped their price target on shares of OneMain from $72.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, July 23rd. Finally, Barclays upped their price target on shares of OneMain from $72.00 to $77.00 and gave the company an “overweight” rating in a research report on Friday, July 23rd. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $66.45.

OMF opened at $55.13 on Wednesday. OneMain Holdings, Inc. has a twelve month low of $28.66 and a twelve month high of $63.19. The company has a fifty day moving average of $58.50 and a 200-day moving average of $56.83. The stock has a market cap of $7.28 billion, a PE ratio of 5.41 and a beta of 2.03.

OneMain (NYSE:OMF) last posted its quarterly earnings data on Tuesday, July 20th. The financial services provider reported $2.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.19 by $0.47. OneMain had a net margin of 29.54% and a return on equity of 44.15%. The company had revenue of $708.00 million during the quarter, compared to analysts’ expectations of $965.28 million. During the same period in the prior year, the company posted $0.80 earnings per share. On average, equities research analysts anticipate that OneMain Holdings, Inc. will post 10.71 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 13th. Stockholders of record on Friday, August 6th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 5.08%. The ex-dividend date was Thursday, August 5th. OneMain’s dividend payout ratio (DPR) is presently 46.13%.

OneMain Company Profile

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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Institutional Ownership by Quarter for OneMain (NYSE:OMF)

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