OneMain Holdings, Inc. (NYSE:OMF) Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers lifted its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 5.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,889 shares of the financial services provider’s stock after buying an additional 1,631 shares during the quarter. Cetera Investment Advisers’ holdings in OneMain were worth $1,610,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Bramshill Investments LLC acquired a new position in shares of OneMain during the 4th quarter worth $715,000. Brave Warrior Advisors LLC raised its stake in OneMain by 0.5% in the 4th quarter. Brave Warrior Advisors LLC now owns 7,437,670 shares of the financial services provider’s stock valued at $387,726,000 after purchasing an additional 35,448 shares during the last quarter. Caxton Associates LP raised its stake in OneMain by 255.7% in the 4th quarter. Caxton Associates LP now owns 20,825 shares of the financial services provider’s stock valued at $1,086,000 after purchasing an additional 14,971 shares during the last quarter. Azora Capital LP acquired a new position in OneMain in the 4th quarter valued at about $39,650,000. Finally, Bayesian Capital Management LP acquired a new position in OneMain in the 4th quarter valued at about $282,000. Institutional investors and hedge funds own 85.82% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Douglas H. Shulman sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $47.49, for a total transaction of $1,187,250.00. Following the completion of the transaction, the chief executive officer now directly owns 343,925 shares in the company, valued at approximately $16,332,998.25. This represents a 6.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Michael A. Hedlund sold 2,808 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $56.09, for a total value of $157,500.72. Following the sale, the senior vice president now directly owns 15,831 shares in the company, valued at approximately $887,960.79. This represents a 15.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 67,808 shares of company stock worth $3,344,751 in the last 90 days. 0.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on OMF shares. Barclays set a $56.00 target price on shares of OneMain in a research note on Friday, March 14th. JPMorgan Chase & Co. cut their target price on shares of OneMain from $58.00 to $46.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. StockNews.com raised shares of OneMain from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. Wells Fargo & Company cut their target price on shares of OneMain from $57.00 to $53.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 30th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $65.00 price objective on shares of OneMain in a research note on Wednesday, April 30th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, OneMain presently has an average rating of “Moderate Buy” and an average price target of $58.40.

OneMain Stock Performance

Shares of NYSE:OMF opened at $51.20 on Wednesday. OneMain Holdings, Inc. has a 1 year low of $38.00 and a 1 year high of $58.90. The stock has a market capitalization of $6.09 billion, a P/E ratio of 12.08, a PEG ratio of 0.44 and a beta of 1.28. The stock has a 50-day simple moving average of $47.77 and a 200-day simple moving average of $51.99.

OneMain (NYSE:OMF) last issued its earnings results on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.17. OneMain had a return on equity of 18.39% and a net margin of 10.19%. The business had revenue of $188.00 million during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the business earned $1.45 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. Analysts predict that OneMain Holdings, Inc. will post 6.46 earnings per share for the current year.

OneMain Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 8.13%. The ex-dividend date was Friday, May 9th. OneMain’s dividend payout ratio is presently 87.95%.

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.