OneMain Holdings, Inc. (NYSE:OMF) Shares Sold by Seven Eight Capital LP

Seven Eight Capital LP reduced its position in shares of OneMain Holdings, Inc. (NYSE:OMFFree Report) by 53.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,510 shares of the financial services provider’s stock after selling 22,204 shares during the period. Seven Eight Capital LP’s holdings in OneMain were worth $960,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Campbell & CO Investment Adviser LLC acquired a new stake in shares of OneMain during the 4th quarter valued at approximately $799,000. TFO Wealth Partners LLC raised its position in shares of OneMain by 251,600.0% during the 4th quarter. TFO Wealth Partners LLC now owns 2,517 shares of the financial services provider’s stock valued at $124,000 after acquiring an additional 2,516 shares in the last quarter. Treasurer of the State of North Carolina raised its position in shares of OneMain by 0.8% during the 4th quarter. Treasurer of the State of North Carolina now owns 84,824 shares of the financial services provider’s stock valued at $4,173,000 after acquiring an additional 654 shares in the last quarter. Weiss Asset Management LP acquired a new stake in shares of OneMain during the 4th quarter valued at approximately $2,639,000. Finally, Allianz Asset Management GmbH grew its stake in OneMain by 48.1% during the 4th quarter. Allianz Asset Management GmbH now owns 246,279 shares of the financial services provider’s stock worth $12,117,000 after buying an additional 80,024 shares during the last quarter. 85.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on OMF. BMO Capital Markets upped their price objective on OneMain from $48.00 to $50.00 and gave the stock a “market perform” rating in a research note on Thursday, May 2nd. JPMorgan Chase & Co. upped their price objective on OneMain from $51.00 to $52.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. TD Cowen increased their price target on OneMain from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. StockNews.com raised OneMain from a “hold” rating to a “buy” rating in a research note on Wednesday, February 14th. Finally, BTIG Research began coverage on OneMain in a research note on Friday. They issued a “neutral” rating for the company. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, OneMain presently has an average rating of “Moderate Buy” and a consensus price target of $54.38.

Read Our Latest Stock Report on OMF

OneMain Stock Up 1.6 %

Shares of OneMain stock opened at $49.07 on Monday. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of 9.57, a price-to-earnings-growth ratio of 0.73 and a beta of 1.59. The business has a fifty day simple moving average of $49.37 and a 200-day simple moving average of $47.94. OneMain Holdings, Inc. has a fifty-two week low of $35.00 and a fifty-two week high of $53.65.

OneMain (NYSE:OMFGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $1.45 earnings per share 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 business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $907.93 million. During the same quarter in the prior year, the firm posted $1.46 earnings per share. Analysts anticipate that OneMain Holdings, Inc. will post 5.57 earnings per share for the current fiscal year.

OneMain Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Friday, May 10th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 8.48%. This is an increase from OneMain’s previous quarterly dividend of $1.00. The ex-dividend date was Thursday, May 9th. OneMain’s dividend payout ratio is currently 81.09%.

Insider Activity

In other news, CEO Douglas H. Shulman sold 19,000 shares of the company’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 directly owns 451,300 shares of the company’s stock, valued at $23,183,281. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Douglas H. Shulman sold 19,000 shares of the 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 completion of the sale, the chief executive officer now directly owns 451,300 shares of the company’s stock, valued at approximately $23,183,281. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Micah R. Conrad sold 7,500 shares of the stock in a transaction dated 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 disclosure for this sale can be found here. 0.45% of the stock is currently owned by company insiders.

About OneMain

(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.

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Institutional Ownership by Quarter for OneMain (NYSE:OMF)

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