OneMain Holdings, Inc. (NYSE:OMF) Shares Sold by Patient Capital Management LLC

Patient Capital Management LLC trimmed its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 10.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,263,145 shares of the financial services provider’s stock after selling 150,070 shares during the quarter. OneMain comprises 3.0% of Patient Capital Management LLC’s portfolio, making the stock its 13th largest position. Patient Capital Management LLC’s holdings in OneMain were worth $65,848,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in OneMain by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 11,889,113 shares of the financial services provider’s stock worth $619,779,000 after buying an additional 40,042 shares during the last quarter. FMR LLC grew its position in shares of OneMain by 14.3% during the fourth quarter. FMR LLC now owns 10,835,668 shares of the financial services provider’s stock worth $564,863,000 after acquiring an additional 1,352,604 shares during the last quarter. Capital International Investors grew its position in shares of OneMain by 2.1% during the fourth quarter. Capital International Investors now owns 10,238,425 shares of the financial services provider’s stock worth $533,729,000 after acquiring an additional 211,745 shares during the last quarter. Brave Warrior Advisors LLC increased its holdings in shares of OneMain by 0.5% in the 4th quarter. Brave Warrior Advisors LLC now owns 7,437,670 shares of the financial services provider’s stock worth $387,726,000 after acquiring an additional 35,448 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in OneMain by 3.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,479,762 shares of the financial services provider’s stock valued at $181,402,000 after purchasing an additional 109,182 shares during the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on OMF. JMP Securities restated a “market outperform” rating and issued a $65.00 target price on shares of OneMain in a research report on Wednesday, April 30th. JPMorgan Chase & Co. decreased their price objective on OneMain from $58.00 to $46.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Northland Securities raised OneMain from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 8th. Stephens reiterated an “overweight” rating and set a $62.00 price target on shares of OneMain in a research report on Monday, February 3rd. Finally, Wells Fargo & Company lowered their price target on OneMain from $57.00 to $53.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 30th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $58.40.

Insiders Place Their Bets

In other news, CEO Douglas H. Shulman sold 25,000 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $47.49, for a total transaction of $1,187,250.00. Following the completion of the sale, the chief executive officer now owns 343,925 shares in the company, valued at approximately $16,332,998.25. This represents a 6.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael A. Hedlund sold 2,808 shares of OneMain stock in a transaction on Friday, February 21st. The stock was sold at an average price of $56.09, for a total value of $157,500.72. Following the completion of the transaction, the senior vice president now owns 15,831 shares in the company, valued at $887,960.79. The trade was a 15.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 67,808 shares of company stock worth $3,344,751. 0.45% of the stock is owned by insiders.

OneMain Stock Up 1.1%

Shares of OneMain stock opened at $52.37 on Wednesday. The business has a fifty day simple moving average of $47.27 and a 200-day simple moving average of $51.91. The firm has a market cap of $6.23 billion, a price-to-earnings ratio of 12.35, a price-to-earnings-growth ratio of 0.44 and a beta of 1.28. OneMain Holdings, Inc. has a fifty-two week low of $38.00 and a fifty-two week high of $58.90.

OneMain (NYSE:OMF) last issued its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.17. The company had revenue of $188.00 million during the quarter, compared to the consensus estimate of $1.16 billion. OneMain had a net margin of 10.19% and a return on equity of 18.39%. OneMain’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.45 EPS. Analysts anticipate that OneMain Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 9th will be issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 7.94%. The ex-dividend date of this dividend is Friday, May 9th. OneMain’s payout ratio is 87.95%.

About OneMain

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.