Kendall Capital Management Lowers Stock Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Kendall Capital Management decreased its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 6.4% during the second quarter, HoldingsChannel reports. The firm owned 33,823 shares of the financial services provider’s stock after selling 2,331 shares during the period. Kendall Capital Management’s holdings in OneMain were worth $1,640,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Clearbridge Investments LLC raised its position in OneMain by 64.8% during the first quarter. Clearbridge Investments LLC now owns 1,890,017 shares of the financial services provider’s stock valued at $96,561,000 after purchasing an additional 743,034 shares in the last quarter. Brave Warrior Advisors LLC grew its stake in shares of OneMain by 21.1% during the fourth quarter. Brave Warrior Advisors LLC now owns 6,416,800 shares of the financial services provider’s stock valued at $315,707,000 after buying an additional 1,118,166 shares during the last quarter. Nomura Holdings Inc. bought a new position in shares of OneMain during the fourth quarter valued at about $9,139,000. Swedbank AB bought a new position in shares of OneMain during the first quarter valued at about $817,000. Finally, Argent Capital Management LLC grew its stake in shares of OneMain by 33.6% during the second quarter. Argent Capital Management LLC now owns 672,952 shares of the financial services provider’s stock valued at $32,631,000 after buying an additional 169,339 shares during the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Insiders Place Their Bets

In other OneMain news, COO Micah R. Conrad sold 1,614 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $50.00, for a total value of $80,700.00. Following the completion of the sale, the chief operating officer now directly owns 110,411 shares in the company, valued at $5,520,550. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, COO Micah R. Conrad sold 2,500 shares of OneMain stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $45.75, for a total transaction of $114,375.00. Following the completion of the transaction, the chief operating officer now directly owns 117,025 shares in the company, valued at $5,353,893.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Micah R. Conrad sold 1,614 shares of OneMain stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $50.00, for a total transaction of $80,700.00. Following the transaction, the chief operating officer now owns 110,411 shares of the company’s stock, valued at $5,520,550. The disclosure for this sale can be found here. Insiders sold 24,014 shares of company stock worth $1,119,975 over the last three months. Company insiders own 0.45% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on OMF shares. BTIG Research started coverage on OneMain in a research note on Friday, June 7th. They set a “neutral” rating on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $60.00 price objective on shares of OneMain in a research note on Tuesday. Northland Securities raised their price objective on OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. JMP Securities raised their price objective on OneMain from $59.00 to $60.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 16th. Finally, JPMorgan Chase & Co. raised their price objective on OneMain from $52.00 to $54.00 and gave the company an “overweight” rating in a research note on Monday, July 8th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $55.25.

OneMain Price Performance

NYSE OMF opened at $48.26 on Thursday. OneMain Holdings, Inc. has a 1 year low of $35.00 and a 1 year high of $54.94. The business’s 50-day moving average is $48.22 and its 200 day moving average is $48.75. The stock has a market capitalization of $5.78 billion, a PE ratio of 9.41, a PEG ratio of 0.72 and a beta of 1.56.

OneMain (NYSE:OMF) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.02 EPS for the quarter, topping the consensus estimate of $0.90 by $0.12. OneMain had a net margin of 12.33% and a return on equity of 20.63%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $918.74 million. During the same period last year, the business posted $1.01 earnings per share. As a group, equities research analysts anticipate that OneMain Holdings, Inc. will post 5.2 earnings per share for the current year.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 12th were issued a $1.04 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $4.16 annualized dividend and a yield of 8.62%. OneMain’s dividend payout ratio (DPR) is presently 81.09%.

OneMain Company Profile

OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses in the United States. It originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit cards; optional credit insurance products, including life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.