D. E. Shaw & Co. Inc. Sells 56,760 Shares of OneMain Holdings, Inc. (NYSE:OMF)

D. E. Shaw & Co. Inc. lowered its position in OneMain Holdings, Inc. (NYSE:OMF) by 67.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,970 shares of the financial services provider’s stock after selling 56,760 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in OneMain were worth $1,406,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Crestline Management LP bought a new position in OneMain in the fourth quarter valued at $2,564,000. Cetera Investment Advisers increased its stake in OneMain by 5.6% in the fourth quarter. Cetera Investment Advisers now owns 30,889 shares of the financial services provider’s stock valued at $1,610,000 after acquiring an additional 1,631 shares during the last quarter. Bramshill Investments LLC bought a new position in OneMain in the fourth quarter valued at $715,000. Brave Warrior Advisors LLC increased its stake in OneMain by 0.5% in the fourth quarter. Brave Warrior Advisors LLC now owns 7,437,670 shares of the financial services provider’s stock valued at $387,726,000 after acquiring an additional 35,448 shares during the last quarter. Finally, Caxton Associates LP increased its stake in OneMain by 255.7% in the fourth quarter. Caxton Associates LP now owns 20,825 shares of the financial services provider’s stock valued at $1,086,000 after acquiring an additional 14,971 shares during the last quarter. Institutional investors own 85.82% of the company’s stock.

OneMain Trading Up 1.5%

OneMain stock opened at $50.32 on Friday. The firm has a 50-day moving average of $47.82 and a 200-day moving average of $51.97. The firm has a market cap of $5.99 billion, a P/E ratio of 11.87, a P/E/G ratio of 0.44 and a beta of 1.28. OneMain Holdings, Inc. has a 1-year low of $38.00 and a 1-year high of $58.90.

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

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were issued a $1.04 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $4.16 annualized dividend and a yield of 8.27%. OneMain’s dividend payout ratio (DPR) is presently 87.95%.

Insiders Place Their Bets

In other OneMain news, CEO Douglas H. Shulman sold 25,000 shares of the firm’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $47.49, for a total value of $1,187,250.00. Following the completion of the sale, the chief executive officer now directly owns 343,925 shares in the company, valued at $16,332,998.25. This trade represents a 6.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

OMF has been the topic of a number of research analyst reports. Barclays set a $56.00 target price on OneMain in a research note on Friday, March 14th. JMP Securities restated a “market outperform” rating and set a $65.00 price target on shares of OneMain in a research report on Wednesday, April 30th. Evercore ISI started coverage on shares of OneMain in a research report on Tuesday, March 25th. They set an “in-line” rating and a $58.00 price target for the company. Northland Capmk upgraded shares of OneMain from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. cut their price target on shares of OneMain from $58.00 to $46.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $58.40.

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.