OneMain Holdings, Inc. (NYSE:OMF) Position Increased by Hsbc Holdings PLC

Hsbc Holdings PLC grew its position in OneMain Holdings, Inc. (NYSE:OMFFree Report) by 406.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 183,233 shares of the financial services provider’s stock after buying an additional 147,050 shares during the quarter. Hsbc Holdings PLC owned approximately 0.15% of OneMain worth $9,063,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in OneMain in the 4th quarter worth approximately $62,732,000. Adage Capital Partners GP L.L.C. acquired a new stake in shares of OneMain in the third quarter worth $12,613,000. AQR Capital Management LLC grew its holdings in shares of OneMain by 189.2% during the third quarter. AQR Capital Management LLC now owns 429,260 shares of the financial services provider’s stock valued at $17,209,000 after buying an additional 280,844 shares in the last quarter. Brandes Investment Partners LP raised its position in OneMain by 10.2% during the fourth quarter. Brandes Investment Partners LP now owns 1,916,484 shares of the financial services provider’s stock valued at $94,291,000 after buying an additional 177,993 shares during the period. Finally, Invesco Ltd. lifted its stake in OneMain by 36.5% in the 3rd quarter. Invesco Ltd. now owns 565,150 shares of the financial services provider’s stock worth $22,657,000 after acquiring an additional 151,226 shares in the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

OneMain Stock Performance

OMF opened at $49.12 on Monday. The company has a market cap of $5.89 billion, a PE ratio of 9.58, a price-to-earnings-growth ratio of 0.73 and a beta of 1.59. The stock has a 50-day moving average of $49.58 and a 200-day moving average of $47.53. OneMain Holdings, Inc. has a 52-week low of $35.00 and a 52-week high of $53.65.

OneMain (NYSE:OMFGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.38 by $0.07. OneMain had a return on equity of 20.78% and a net margin of 13.29%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $907.93 million. During the same quarter last year, the company posted $1.46 earnings per share. On average, research analysts predict that OneMain Holdings, Inc. will post 5.57 earnings per share for the current year.

OneMain Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Friday, May 10th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 8.47%. The ex-dividend date was Thursday, May 9th. This is an increase from OneMain’s previous quarterly dividend of $1.00. OneMain’s dividend payout ratio (DPR) is 81.09%.

Insiders Place Their Bets

In other news, CEO Douglas H. Shulman sold 19,000 shares of OneMain stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $51.37, for a total value of $976,030.00. Following the transaction, the chief executive officer now directly owns 451,300 shares in the company, valued at $23,183,281. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO Micah R. Conrad sold 7,500 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $50.63, for a total value of $379,725.00. Following the completion of the sale, the chief operating officer now directly owns 119,525 shares of the company’s stock, valued at $6,051,550.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas H. Shulman sold 19,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $51.37, for a total transaction of $976,030.00. Following the completion of the sale, the chief executive officer now owns 451,300 shares in the company, valued at approximately $23,183,281. The disclosure for this sale can be found here. Company insiders own 0.45% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on OMF shares. JPMorgan Chase & Co. upped their target price on OneMain from $51.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 14th. Royal Bank of Canada lifted their target price on shares of OneMain from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Stephens dropped their price target on shares of OneMain from $61.00 to $57.00 and set an “overweight” rating on the stock in a research note on Thursday, February 8th. Finally, BMO Capital Markets lifted their price objective on OneMain from $48.00 to $50.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.62.

Read Our Latest Analysis on OMF

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.

Read More

Institutional Ownership by Quarter for OneMain (NYSE:OMF)

Receive News & Ratings for OneMain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OneMain and related companies with MarketBeat.com's FREE daily email newsletter.