Hsbc Holdings PLC cut its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF – Free Report) by 80.0% during the fourth quarter, Holdings Channel reports. The firm owned 42,049 shares of the financial services provider’s stock after selling 167,944 shares during the quarter. Hsbc Holdings PLC’s holdings in OneMain were worth $2,843,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the business. CIBC Private Wealth Group LLC increased its stake in OneMain by 117.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 374 shares of the financial services provider’s stock worth $25,000 after buying an additional 202 shares during the period. Core Wealth Advisors LLC purchased a new position in OneMain in the 4th quarter valued at approximately $31,000. Atlantic Union Bankshares Corp purchased a new position in OneMain in the 4th quarter valued at approximately $36,000. Transamerica Financial Advisors LLC grew its stake in shares of OneMain by 88.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 670 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 314 shares in the last quarter. Finally, Spire Wealth Management grew its stake in shares of OneMain by 83.2% in the fourth quarter. Spire Wealth Management now owns 700 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 318 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.
OneMain Price Performance
NYSE OMF opened at $60.55 on Monday. The company has a fifty day moving average of $56.23 and a two-hundred day moving average of $59.08. The company has a market capitalization of $7.00 billion, a PE ratio of 9.01, a P/E/G ratio of 0.45 and a beta of 1.24. OneMain Holdings, Inc. has a 1 year low of $45.78 and a 1 year high of $71.93.
OneMain Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 11th were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $4.20 annualized dividend and a yield of 6.9%. OneMain’s payout ratio is 62.50%.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on OMF. Barclays cut their price objective on OneMain from $62.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Monday, May 4th. Evercore set a $55.00 target price on OneMain in a research note on Tuesday, March 17th. TD Cowen restated a “buy” rating on shares of OneMain in a report on Monday, May 4th. Wells Fargo & Company reduced their price target on OneMain from $70.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 9th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on OneMain from $81.00 to $80.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Eight research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $68.30.
Check Out Our Latest Analysis on OneMain
Insider Buying and Selling
In other OneMain news, COO Micah R. Conrad sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $60.00, for a total value of $300,000.00. Following the completion of the sale, the chief operating officer owned 101,250 shares in the company, valued at approximately $6,075,000. The trade was a 4.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is currently owned by company insiders.
About OneMain
OneMain Financial (NYSE: OMF) is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.
Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.
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