Avitas Wealth Management LLC Raises Stake in OneMain Holdings, Inc. (NYSE:OMF)

Avitas Wealth Management LLC raised its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 1.5% in the third quarter, Holdings Channel reports. The institutional investor owned 45,176 shares of the financial services provider’s stock after buying an additional 652 shares during the quarter. Avitas Wealth Management LLC’s holdings in OneMain were worth $2,126,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. PNC Financial Services Group Inc. increased its position in shares of OneMain by 6.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,476 shares of the financial services provider’s stock valued at $171,000 after purchasing an additional 200 shares during the last quarter. Blue Trust Inc. boosted its stake in OneMain by 43.4% in the second quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock worth $38,000 after buying an additional 225 shares in the last quarter. US Bancorp DE grew its position in OneMain by 1.8% during the first quarter. US Bancorp DE now owns 14,040 shares of the financial services provider’s stock valued at $717,000 after acquiring an additional 245 shares during the last quarter. UMB Bank n.a. raised its stake in shares of OneMain by 13.9% during the third quarter. UMB Bank n.a. now owns 2,026 shares of the financial services provider’s stock worth $95,000 after acquiring an additional 247 shares in the last quarter. Finally, Abich Financial Wealth Management LLC lifted its holdings in shares of OneMain by 27.4% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,227 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 264 shares during the last quarter. 85.82% of the stock is currently owned by institutional investors.

Insider Transactions at OneMain

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 value of $694,500.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, COO Micah R. Conrad sold 2,500 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $45.75, for a total transaction of $114,375.00. Following the transaction, the chief operating officer now owns 117,025 shares in the company, valued at $5,353,893.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Douglas H. Shulman sold 15,000 shares of OneMain stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $46.30, for a total transaction of $694,500.00. Following the completion of the sale, the chief executive officer now owns 422,474 shares in the company, valued at approximately $19,560,546.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,300 shares of company stock worth $1,534,275. Company insiders own 0.45% of the company’s stock.

Analysts Set New Price Targets

OMF has been the topic of a number of recent analyst reports. JMP Securities reissued a “market outperform” rating and issued a $60.00 price target on shares of OneMain in a report on Monday, October 14th. Northland Securities upped their price objective 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 lowered their price objective on shares of OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. JPMorgan Chase & Co. decreased their price target on OneMain from $56.00 to $51.00 and set an “overweight” rating on the stock in a report on Monday, October 7th. Finally, Wells Fargo & Company cut their price objective on shares of OneMain from $53.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Monday, October 14th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, OneMain currently has an average rating of “Moderate Buy” and an average price target of $54.00.

OneMain Stock Performance

NYSE:OMF opened at $47.47 on Wednesday. The stock has a market capitalization of $5.69 billion, a P/E ratio of 9.25, a P/E/G ratio of 0.89 and a beta of 1.56. The company’s 50-day simple moving average is $46.98 and its 200-day simple moving average is $48.29. OneMain Holdings, Inc. has a fifty-two week low of $35.13 and a fifty-two week high of $54.94.

OneMain (NYSE:OMF) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.12. OneMain had a return on equity of 20.63% and a net margin of 12.33%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $918.74 million. During the same quarter in the previous year, the firm earned $1.01 earnings per share. On average, research analysts forecast that OneMain Holdings, Inc. will post 4.91 EPS for the current year.

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.