OneMain Holdings, Inc. (NYSE:OMF) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its position in OneMain Holdings, Inc. (NYSE:OMF) by 41.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,735 shares of the financial services provider’s stock after selling 11,945 shares during the period. Thrivent Financial for Lutherans’ holdings in OneMain were worth $1,002,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Advisory Services Network LLC acquired a new position in OneMain in the second quarter worth about $34,000. Northwestern Mutual Wealth Management Co. acquired a new position in OneMain in the second quarter valued at approximately $36,000. PNC Financial Services Group Inc. boosted its stake in OneMain by 104.8% in the second quarter. PNC Financial Services Group Inc. now owns 639 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 327 shares during the period. Atlas Private Wealth Advisors acquired a new position in OneMain in the second quarter valued at approximately $40,000. Finally, Eaton Vance Management acquired a new position in OneMain in the first quarter valued at approximately $54,000.

In related news, CEO Douglas H. Shulman purchased 2,250 shares of the company’s stock in a transaction on Tuesday, October 26th. The shares were bought at an average price of $56.12 per share, with a total value of $126,270.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas H. Shulman purchased 1,000 shares of the company’s stock in a transaction on Wednesday, November 17th. The stock was bought at an average cost 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 owned by insiders.

Shares of NYSE:OMF opened at $51.11 on Thursday. OneMain Holdings, Inc. has a 12 month low of $38.95 and a 12 month high of $63.19. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 4.87 and a beta of 1.90. The stock’s 50 day moving average price is $54.94 and its 200 day moving average price is $57.06.

OneMain (NYSE:OMF) last announced its earnings results on Tuesday, October 19th. The financial services provider reported $2.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.30 by $0.07. OneMain had a return on equity of 44.81% and a net margin of 30.87%. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the company earned $2.19 earnings per share. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, equities analysts predict that OneMain Holdings, Inc. will post 10.67 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 9th. Investors of record on Tuesday, November 2nd were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, November 1st. This represents a $2.80 annualized dividend and a yield of 5.48%. OneMain’s payout ratio is 26.67%.

A number of equities analysts have commented on the company. Stephens lifted their target price on OneMain from $75.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, October 22nd. Citigroup lifted their target price on OneMain from $64.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday, July 28th. Deutsche Bank Aktiengesellschaft initiated coverage on OneMain in a research note on Friday, October 8th. They issued a “buy” rating and a $75.00 target price for the company. BMO Capital Markets cut their price target on OneMain from $65.00 to $60.00 and set a “market perform” rating on the stock in a report on Friday, October 22nd. Finally, Wells Fargo & Company reaffirmed a “buy” rating and set a $72.00 price target on shares of OneMain in a report on Wednesday, September 15th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $71.15.

About OneMain

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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