QRG Capital Management Inc. Has $2.91 Million Stock Position in OneMain Holdings, Inc. (NYSE:OMF)

QRG Capital Management Inc. raised its position in OneMain Holdings, Inc. (NYSE:OMF) by 8.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,057 shares of the financial services provider’s stock after acquiring an additional 4,534 shares during the period. QRG Capital Management Inc. owned about 0.05% of OneMain worth $2,912,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC raised its holdings in OneMain by 46.1% in the 1st quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 304 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of OneMain by 7.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 6,287 shares of the financial services provider’s stock worth $315,000 after buying an additional 431 shares in the last quarter. Cetera Advisors LLC acquired a new position in shares of OneMain in the 1st quarter worth approximately $493,000. Burney Co. raised its holdings in shares of OneMain by 35.6% in the 1st quarter. Burney Co. now owns 26,812 shares of the financial services provider’s stock worth $1,370,000 after buying an additional 7,033 shares in the last quarter. Finally, Swedbank AB bought a new stake in OneMain during the 1st quarter worth approximately $817,000. Institutional investors and hedge funds own 85.82% of the company’s stock.

Insider Buying and Selling

In related news, SVP Michael A. Hedlund sold 3,000 shares of OneMain stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $48.10, for a total transaction of $144,300.00. Following the completion of the transaction, the senior vice president now owns 28,147 shares in the company, valued at $1,353,870.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Michael A. Hedlund sold 3,000 shares of OneMain stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $48.10, for a total transaction of $144,300.00. Following the completion of the transaction, the senior vice president now owns 28,147 shares in the company, valued at $1,353,870.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Micah R. Conrad sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $50.63, for a total value of $379,725.00. Following the sale, the chief operating officer now owns 119,525 shares of the company’s stock, valued at approximately $6,051,550.75. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

OMF has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on OneMain from $64.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. BTIG Research started coverage on OneMain in a research report on Friday, June 7th. They issued a “neutral” rating on the stock. Northland Securities increased their price objective on OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. increased their price objective on OneMain from $52.00 to $54.00 and gave the company an “overweight” rating in a research report on Monday, July 8th. Finally, Wells Fargo & Company increased their price objective on OneMain from $48.00 to $53.00 and gave the company an “equal weight” rating in a research report on Thursday, May 2nd. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $54.83.

OneMain Stock Up 1.0 %

Shares of NYSE:OMF traded up $0.47 during midday trading on Friday, reaching $46.28. The company had a trading volume of 935,463 shares, compared to its average volume of 975,740. The business’s 50 day moving average price is $48.93 and its 200 day moving average price is $48.74. The stock has a market cap of $5.54 billion, a PE ratio of 9.02, a P/E/G ratio of 0.74 and a beta of 1.58. OneMain Holdings, Inc. has a 1-year low of $35.00 and a 1-year high of $54.94.

OneMain (NYSE:OMF) last released its earnings results on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.12. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $918.74 million. OneMain had a return on equity of 20.60% and a net margin of 12.33%. During the same quarter in the previous year, the business earned $1.01 earnings per share. On average, research analysts expect that OneMain Holdings, Inc. will post 5.37 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Monday, August 12th will be issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 8.99%. The ex-dividend date is Monday, August 12th. OneMain’s payout ratio is currently 81.09%.

OneMain 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.