Azora Capital LP Sells 415,458 Shares of OneMain Holdings, Inc. $OMF

Azora Capital LP reduced its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 58.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 295,425 shares of the financial services provider’s stock after selling 415,458 shares during the period. Azora Capital LP owned approximately 0.25% of OneMain worth $16,839,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Forum Financial Management LP lifted its holdings in shares of OneMain by 4.6% during the second quarter. Forum Financial Management LP now owns 4,749 shares of the financial services provider’s stock worth $271,000 after buying an additional 209 shares in the last quarter. Central Pacific Bank Trust Division increased its position in OneMain by 2.7% during the second quarter. Central Pacific Bank Trust Division now owns 8,079 shares of the financial services provider’s stock worth $461,000 after acquiring an additional 210 shares during the period. Vista Finance LLC raised its stake in OneMain by 4.1% in the 2nd quarter. Vista Finance LLC now owns 7,073 shares of the financial services provider’s stock worth $403,000 after purchasing an additional 279 shares in the last quarter. Deutsche Bank AG boosted its holdings in OneMain by 0.8% in the 1st quarter. Deutsche Bank AG now owns 36,581 shares of the financial services provider’s stock valued at $1,788,000 after purchasing an additional 290 shares during the period. Finally, Independent Advisor Alliance grew its position in shares of OneMain by 2.2% during the 1st quarter. Independent Advisor Alliance now owns 16,479 shares of the financial services provider’s stock worth $805,000 after purchasing an additional 357 shares in the last quarter. 85.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on OMF shares. Citigroup reaffirmed a “market outperform” rating on shares of OneMain in a report on Monday, November 24th. Wells Fargo & Company started coverage on OneMain in a research note on Monday, August 25th. They set an “equal weight” rating on the stock. Royal Bank Of Canada upped their target price on OneMain from $68.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday, November 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of OneMain in a research report on Tuesday, December 2nd. Finally, Truist Financial initiated coverage on OneMain in a research note on Monday. They issued a “buy” rating and a $75.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, OneMain has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.

Insider Buying and Selling

In other OneMain news, CEO Douglas H. Shulman sold 35,000 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $59.54, for a total transaction of $2,083,900.00. Following the sale, the chief executive officer owned 231,600 shares of the company’s stock, valued at approximately $13,789,464. The trade was a 13.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Michael A. Hedlund sold 652 shares of the stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $62.00, for a total value of $40,424.00. Following the completion of the transaction, the senior vice president owned 15,179 shares of the company’s stock, valued at $941,098. The trade was a 4.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 40,652 shares of company stock worth $2,420,324 in the last three months. 0.40% of the stock is owned by corporate insiders.

OneMain Stock Performance

Shares of OMF opened at $64.55 on Wednesday. OneMain Holdings, Inc. has a 52-week low of $38.00 and a 52-week high of $65.55. The firm has a market cap of $7.60 billion, a price-to-earnings ratio of 10.94, a PEG ratio of 0.44 and a beta of 1.38. The business’s fifty day moving average is $58.55 and its 200-day moving average is $57.84.

OneMain (NYSE:OMF) last released its quarterly earnings data on Friday, October 31st. The financial services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.32. OneMain had a return on equity of 22.70% and a net margin of 13.15%.The business had revenue of $747.00 million for the quarter, compared to analyst estimates of $1.24 billion. During the same period last year, the firm posted $1.31 earnings per share. As a group, research analysts forecast that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 10th were issued a dividend of $1.05 per share. This is a boost from OneMain’s previous quarterly dividend of $1.04. The ex-dividend date of this dividend was Monday, November 10th. This represents a $4.20 annualized dividend and a dividend yield of 6.5%. OneMain’s payout ratio is presently 71.19%.

OneMain 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.