Lido Advisors LLC Sells 44,728 Shares of OneMain Holdings, Inc. $OMF

Lido Advisors LLC lowered its position in OneMain Holdings, Inc. (NYSE:OMFFree Report) by 30.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 101,679 shares of the financial services provider’s stock after selling 44,728 shares during the quarter. Lido Advisors LLC’s holdings in OneMain were worth $5,439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in OneMain by 7.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,342,241 shares of the financial services provider’s stock worth $232,258,000 after buying an additional 308,370 shares during the period. Janus Henderson Group PLC grew its holdings in OneMain by 70.4% during the 4th quarter. Janus Henderson Group PLC now owns 2,534,271 shares of the financial services provider’s stock worth $171,210,000 after acquiring an additional 1,047,263 shares during the last quarter. Geode Capital Management LLC increased its position in OneMain by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 2,422,562 shares of the financial services provider’s stock valued at $164,017,000 after acquiring an additional 15,941 shares during the period. Arrowstreet Capital Limited Partnership increased its position in OneMain by 17.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,310,513 shares of the financial services provider’s stock valued at $156,075,000 after acquiring an additional 345,269 shares during the period. Finally, State Street Corp raised its stake in shares of OneMain by 2.3% during the fourth quarter. State Street Corp now owns 2,305,246 shares of the financial services provider’s stock valued at $155,719,000 after acquiring an additional 51,592 shares during the last quarter. Institutional investors own 85.82% of the company’s stock.

Insiders Place Their Bets

In other OneMain news, SVP Michael A. Hedlund sold 1,848 shares of the company’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $62.00, for a total transaction of $114,576.00. Following the sale, the senior vice president owned 13,127 shares of the company’s stock, valued at approximately $813,874. This represents a 12.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Micah R. Conrad sold 5,000 shares of the stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $62.00, for a total value of $310,000.00. Following the sale, the chief operating officer owned 96,250 shares of the company’s stock, valued at approximately $5,967,500. The trade was a 4.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on OMF. Weiss Ratings reiterated a “buy (b-)” rating on shares of OneMain in a report on Tuesday, July 7th. Royal Bank Of Canada lowered their target price on OneMain from $73.00 to $70.00 and set an “outperform” rating for the company in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of OneMain in a report on Friday, July 10th. BTIG Research reiterated a “neutral” rating on shares of OneMain in a research report on Thursday, April 16th. Finally, Wells Fargo & Company decreased their price target on OneMain from $70.00 to $65.00 and set an “equal weight” rating for the company in a research note on Thursday, April 9th. Eight investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.80.

Get Our Latest Research Report on OMF

OneMain Stock Performance

Shares of NYSE OMF opened at $59.72 on Friday. The company’s 50 day moving average price is $57.44 and its 200-day moving average price is $57.98. OneMain Holdings, Inc. has a 52-week low of $45.78 and a 52-week high of $71.93. The company has a market capitalization of $6.90 billion, a P/E ratio of 8.89, a price-to-earnings-growth ratio of 0.45 and a beta of 1.22.

OneMain (NYSE:OMFGet Free Report) last posted its quarterly earnings data on Friday, May 1st. The financial services provider reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.09. OneMain had a net margin of 14.38% and a return on equity of 24.24%. The company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the prior year, the company posted $1.72 earnings per share. OneMain’s revenue for the quarter was up 6.7% compared to the same quarter last year. Analysts forecast that OneMain Holdings, Inc. will post 7.14 earnings per share for the current year.

OneMain Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 11th were issued a $1.05 dividend. The ex-dividend date was Monday, May 11th. This represents a $4.20 annualized dividend and a yield of 7.0%. OneMain’s payout ratio is presently 62.50%.

OneMain Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for OneMain (NYSE:OMF)

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