Taylor Frigon Capital Management LLC Has $1.54 Million Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Taylor Frigon Capital Management LLC trimmed its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 2.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,695 shares of the financial services provider’s stock after selling 911 shares during the quarter. Taylor Frigon Capital Management LLC’s holdings in OneMain were worth $1,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of OMF. EdgeRock Capital LLC acquired a new stake in shares of OneMain in the 2nd quarter valued at about $31,000. International Assets Investment Management LLC bought a new stake in OneMain during the 2nd quarter valued at $34,000. Blue Trust Inc. increased its position in shares of OneMain by 43.4% during the second quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 225 shares in the last quarter. Abich Financial Wealth Management LLC boosted 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 valued at $49,000 after purchasing an additional 304 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of OneMain by 32.6% in the second quarter. UMB Bank n.a. now owns 1,779 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 437 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on OMF shares. StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft decreased their target price on OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. JMP Securities reaffirmed a “market outperform” rating and issued a $60.00 price objective on shares of OneMain in a research report on Monday, October 14th. Barclays lowered shares of OneMain from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $52.00 to $46.00 in a research note on Tuesday, October 8th. Finally, Northland Securities upped their price objective on OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $54.00.

Insider Transactions at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 2,400 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $50.00, for a total transaction of $120,000.00. Following the completion of the sale, the senior vice president now directly owns 20,947 shares in the company, valued at approximately $1,047,350. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Michael A. Hedlund sold 2,400 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $50.00, for a total transaction of $120,000.00. Following the sale, the senior vice president now owns 20,947 shares in the company, valued at $1,047,350. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas H. Shulman sold 15,000 shares of the business’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 owns 422,474 shares of the company’s stock, valued at approximately $19,560,546.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,300 shares of company stock valued at $1,534,275 in the last quarter. 0.45% of the stock is owned by insiders.

OneMain Price Performance

NYSE:OMF traded down $0.08 during trading hours on Thursday, hitting $45.99. The company had a trading volume of 200,187 shares, compared to its average volume of 980,835. OneMain Holdings, Inc. has a 52 week low of $35.00 and a 52 week high of $54.94. The company has a market capitalization of $5.51 billion, a PE ratio of 8.98, a price-to-earnings-growth ratio of 0.87 and a beta of 1.56. The stock has a 50-day moving average price of $46.96 and a 200 day moving average price of $48.32.

OneMain (NYSE:OMF) last announced its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.12. OneMain had a net margin of 12.33% and a return on equity of 20.63%. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $918.74 million. During the same quarter in the previous year, the company earned $1.01 earnings per share. Analysts anticipate that OneMain Holdings, Inc. will post 4.91 EPS for the current fiscal year.

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 12th were issued a dividend of $1.04 per share. The ex-dividend date was Monday, August 12th. This represents a $4.16 annualized dividend and a dividend yield of 9.05%. OneMain’s payout ratio is presently 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.