OneMain Holdings, Inc. (NYSE:OMF) Shares Acquired by WBI Investments LLC

WBI Investments LLC increased its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 29.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,125 shares of the financial services provider’s stock after purchasing an additional 4,972 shares during the quarter. WBI Investments LLC’s holdings in OneMain were worth $1,153,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Albion Financial Group UT purchased a new stake in OneMain in the fourth quarter valued at approximately $26,000. IFP Advisors Inc lifted its holdings in shares of OneMain by 180.0% in the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider’s stock valued at $40,000 after buying an additional 495 shares during the period. R Squared Ltd purchased a new position in OneMain in the fourth quarter worth $44,000. Richardson Financial Services Inc. purchased a new stake in shares of OneMain during the 4th quarter worth $44,000. Finally, SRS Capital Advisors Inc. grew its stake in shares of OneMain by 177.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,389 shares of the financial services provider’s stock worth $72,000 after purchasing an additional 889 shares during the period. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Northland Capmk upgraded shares of OneMain from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 8th. JPMorgan Chase & Co. reduced their target price on OneMain from $58.00 to $46.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Evercore ISI assumed coverage on shares of OneMain in a research report on Tuesday, March 25th. They set an “in-line” rating and a $58.00 price objective for the company. JMP Securities reissued a “market outperform” rating and issued a $65.00 price objective on shares of OneMain in a report on Wednesday, April 30th. Finally, Barclays set a $56.00 target price on OneMain in a report on Friday, March 14th. 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.40.

OneMain Stock Up 0.7%

OneMain stock opened at $51.83 on Monday. The company has a market capitalization of $6.17 billion, a PE ratio of 12.22, a PEG ratio of 0.44 and a beta of 1.28. OneMain Holdings, Inc. has a 12-month low of $38.00 and a 12-month high of $58.90. The firm’s fifty day moving average is $47.54 and its 200 day moving average is $51.98.

OneMain (NYSE:OMF) last released its quarterly earnings data 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. OneMain had a net margin of 10.19% and a return on equity of 18.39%. The firm had revenue of $188.00 million for the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the firm earned $1.45 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. Sell-side analysts expect that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 8.03%. The ex-dividend date was Friday, May 9th. OneMain’s dividend payout ratio (DPR) is 87.95%.

Insider Buying and Selling

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of OneMain stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $56.09, for a total transaction of $157,500.72. Following the transaction, the senior vice president now directly owns 15,831 shares of the company’s stock, valued at approximately $887,960.79. This trade represents a 15.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas H. Shulman sold 25,000 shares of OneMain stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $47.49, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 67,808 shares of company stock valued at $3,344,751. 0.40% of the stock is owned by insiders.

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.