Bank of Montreal Can Sells 1,620 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Bank of Montreal Can cut its position in OneMain Holdings, Inc. (NYSE:OMF) by 6.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,440 shares of the financial services provider’s stock after selling 1,620 shares during the quarter. Bank of Montreal Can’s holdings in OneMain were worth $1,185,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. EdgeRock Capital LLC purchased a new stake in OneMain during the second quarter valued at approximately $31,000. International Assets Investment Management LLC purchased a new stake in shares of OneMain during the 2nd quarter valued at $34,000. Blue Trust Inc. boosted its position in shares of OneMain by 43.4% in the 2nd quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 225 shares in the last quarter. Abich Financial Wealth Management LLC grew its stake in OneMain by 46.1% during the 1st quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock worth $49,000 after buying an additional 304 shares during the last quarter. Finally, UMB Bank n.a. increased its position in OneMain by 557.8% during the 1st quarter. UMB Bank n.a. now owns 1,342 shares of the financial services provider’s stock valued at $69,000 after buying an additional 1,138 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on OMF shares. Northland Securities boosted their price target on OneMain from $53.00 to $55.00 and gave the stock a “market perform” rating in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft dropped their target price on shares of OneMain from $64.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. JMP Securities restated a “market outperform” rating and set a $60.00 price target on shares of OneMain in a research note on Tuesday, September 24th. Royal Bank of Canada reiterated an “outperform” rating and set a $60.00 price objective on shares of OneMain in a research note on Tuesday, September 17th. Finally, JPMorgan Chase & Co. upped their target price on OneMain from $52.00 to $54.00 and gave the company an “overweight” rating in a research report 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 company. Based on data from MarketBeat, OneMain currently has an average rating of “Moderate Buy” and a consensus target price of $55.25.

Insiders Place Their Bets

In other news, CEO Douglas H. Shulman sold 15,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $46.30, for a total transaction of $694,500.00. Following the sale, the chief executive officer now directly owns 422,474 shares in the company, valued at $19,560,546.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Douglas H. Shulman sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $46.30, for a total transaction of $694,500.00. Following the completion of the transaction, the chief executive officer now directly owns 422,474 shares of the company’s stock, valued at $19,560,546.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Douglas H. Shulman sold 5,000 shares of OneMain stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $50.00, for a total transaction of $250,000.00. Following the completion of the sale, the chief executive officer now directly owns 417,474 shares in the company, valued at $20,873,700. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,300 shares of company stock worth $1,534,275. Company insiders own 0.45% of the company’s stock.

OneMain Stock Up 3.8 %

Shares of OMF opened at $47.05 on Friday. The company has a market capitalization of $5.64 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 0.81 and a beta of 1.56. OneMain Holdings, Inc. has a 52 week low of $35.00 and a 52 week high of $54.94. The stock’s 50-day moving average price is $47.09 and its 200-day moving average price is $48.63.

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 analysts’ consensus estimates of $0.90 by $0.12. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $918.74 million. OneMain had a net margin of 12.33% and a return on equity of 20.63%. During the same quarter last year, the company earned $1.01 EPS. As a group, equities analysts anticipate that OneMain Holdings, Inc. will post 5.11 EPS for the current fiscal year.

OneMain Announces Dividend

The company 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 dividend on an annualized basis and a yield of 8.84%. OneMain’s payout ratio is 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.