Key Colony Management LLC Has $25.69 Million Holdings in OneMain Holdings, Inc. $OMF

by · The Markets Daily

Key Colony Management LLC decreased its position in OneMain Holdings, Inc. (NYSE:OMF – Free Report) by 5.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 455,000 shares of the financial services provider’s stock after selling 25,000 shares during the quarter. OneMain makes up 34.9% of Key Colony Management LLC’s portfolio, making the stock its biggest holding. Key Colony Management LLC owned 0.38% of OneMain worth $25,689,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. SVB Wealth LLC purchased a new stake in shares of OneMain during the 1st quarter valued at about $34,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in OneMain during the first quarter valued at approximately $42,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in OneMain by 79.4% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 820 shares of the financial services provider’s stock valued at $47,000 after buying an additional 363 shares during the last quarter. Golden State Wealth Management LLC raised its position in OneMain by 2,940.0% in the second quarter. Golden State Wealth Management LLC now owns 912 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 882 shares during the period. Finally, Employees Retirement System of Texas purchased a new position in shares of OneMain during the 2nd quarter worth $56,000. 85.82% of the stock is owned by hedge funds and other institutional investors.

OneMain Stock Up 0.8%

NYSE OMF opened at $67.75 on Wednesday. OneMain Holdings, Inc. has a twelve month low of $38.00 and a twelve month high of $70.17. The business has a 50-day moving average price of $59.79 and a 200-day moving average price of $58.41. The firm has a market cap of $7.98 billion, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of 0.47 and a beta of 1.38.

OneMain (NYSE:OMF – Get Free Report) last posted its quarterly earnings results on Friday, October 31st. The financial services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.32. OneMain had a return on equity of 22.70% and a net margin of 13.15%.The company had revenue of $747.00 million for the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the previous year, the firm earned $1.31 EPS. Research analysts expect that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 10th were given a dividend of $1.05 per share. This is a positive change from OneMain’s previous quarterly dividend of $1.04. This represents a $4.20 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date was Monday, November 10th. OneMain’s dividend payout ratio (DPR) is currently 71.19%.

Analyst Ratings Changes

Several research firms have recently commented on OMF. Wall Street Zen lowered OneMain from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. Citigroup restated a “market outperform” rating on shares of OneMain in a research report on Monday, November 24th. Citizens Jmp cut their price objective on OneMain from $70.00 to $68.00 and set a “market outperform” rating for the company in a research note on Monday, November 24th. Wells Fargo & Company began coverage on shares of OneMain in a report on Monday, August 25th. They issued an “equal weight” rating for the company. Finally, Truist Financial assumed coverage on shares of OneMain in a research note on Monday, December 8th. They set a “buy” rating and a $75.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, OneMain has an average rating of “Moderate Buy” and a consensus target price of $64.00.

Check Out Our Latest Stock Analysis on OMF

Insider Activity at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 35,000 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $59.54, for a total transaction of $2,083,900.00. Following the completion of the transaction, the chief executive officer owned 231,600 shares of the company’s stock, valued at $13,789,464. This represents a 13.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael A. Hedlund sold 652 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $62.00, for a total value of $40,424.00. Following the transaction, the senior vice president owned 15,179 shares of the company’s stock, valued at approximately $941,098. The trade was a 4.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 40,652 shares of company stock valued at $2,420,324. Corporate insiders own 0.40% of the company’s stock.

OneMain Profile

(Free Report)

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.

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