Peak Financial Advisors LLC Has $418,000 Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Peak Financial Advisors LLC raised its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 29.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,630 shares of the financial services provider’s stock after purchasing an additional 1,979 shares during the quarter. Peak Financial Advisors LLC’s holdings in OneMain were worth $418,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in OMF. Benjamin F. Edwards & Company Inc. acquired a new position in OneMain during the 4th quarter worth $36,000. Edmond DE Rothschild Holding S.A. acquired a new stake in OneMain in the fourth quarter worth about $47,000. Abich Financial Wealth Management LLC lifted its position 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 valued at $49,000 after purchasing an additional 304 shares during the period. Allworth Financial LP boosted its position in shares of OneMain by 25.4% during the fourth quarter. Allworth Financial LP now owns 1,339 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 271 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in shares of OneMain by 21.8% in the 4th quarter. Quadrant Capital Group LLC now owns 1,405 shares of the financial services provider’s stock valued at $69,000 after buying an additional 251 shares during the period. Institutional investors own 85.82% of the company’s stock.

OneMain Stock Performance

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

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, topping the consensus estimate of $0.90 by $0.12. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $918.74 million. OneMain had a return on equity of 20.60% and a net margin of 12.33%. During the same period in the prior year, the firm posted $1.01 EPS. Sell-side analysts forecast that OneMain Holdings, Inc. will post 5.37 earnings per share for the current fiscal year.

OneMain Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. JMP Securities boosted their target price on OneMain from $59.00 to $60.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 16th. BTIG Research began coverage on shares of OneMain in a research note on Friday, June 7th. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. raised their price objective on shares of OneMain from $52.00 to $54.00 and gave the stock an “overweight” rating in a report on Monday, July 8th. Northland Securities boosted their price objective on shares of OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $54.83.

Insider Activity at OneMain

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

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.