OneMain Holdings, Inc. $OMF Shares Sold by Argent Capital Management LLC

Argent Capital Management LLC reduced its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 805,395 shares of the financial services provider’s stock after selling 19,667 shares during the period. OneMain accounts for about 1.5% of Argent Capital Management LLC’s portfolio, making the stock its 22nd largest holding. Argent Capital Management LLC owned 0.68% of OneMain worth $54,404,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of OneMain during the first quarter worth approximately $2,037,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in OneMain by 2.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 442,598 shares of the financial services provider’s stock valued at $21,634,000 after purchasing an additional 9,067 shares in the last quarter. Focus Partners Wealth boosted its stake in OneMain by 101.8% during the 1st quarter. Focus Partners Wealth now owns 8,737 shares of the financial services provider’s stock worth $427,000 after purchasing an additional 4,407 shares during the last quarter. Geode Capital Management LLC boosted its stake in OneMain by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 2,276,830 shares of the financial services provider’s stock worth $130,075,000 after purchasing an additional 16,469 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of OneMain by 14.3% during the second quarter. Cetera Investment Advisers now owns 51,753 shares of the financial services provider’s stock worth $2,950,000 after buying an additional 6,460 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on OMF. Barclays set a $71.00 target price on shares of OneMain in a research report on Friday, February 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of OneMain in a research note on Monday, December 29th. JPMorgan Chase & Co. cut their price objective on shares of OneMain from $65.00 to $63.00 and set an “underweight” rating for the company in a report on Friday, February 6th. Evercore set a $55.00 target price on shares of OneMain in a research note on Tuesday. Finally, TD Cowen restated a “buy” rating on shares of OneMain in a report on Thursday, January 8th. Eight investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.89.

Insider Buying and Selling at OneMain

In related news, COO Micah R. Conrad sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $58.00, for a total value of $290,000.00. Following the sale, the chief operating officer directly owned 106,250 shares in the company, valued at approximately $6,162,500. The trade was a 4.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas H. Shulman sold 57,500 shares of the business’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $68.41, for a total transaction of $3,933,575.00. Following the completion of the sale, the chief executive officer owned 174,100 shares in the company, valued at approximately $11,910,181. This trade represents a 24.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.40% of the company’s stock.

OneMain Price Performance

OneMain stock opened at $51.02 on Friday. The firm has a 50 day simple moving average of $59.35 and a 200-day simple moving average of $60.69. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 7.77, a price-to-earnings-growth ratio of 0.36 and a beta of 1.34. OneMain Holdings, Inc. has a 1-year low of $38.00 and a 1-year high of $71.93.

OneMain (NYSE:OMF) last released its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.59 EPS for the quarter, beating the consensus estimate of $1.55 by $0.04. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.28 billion. OneMain had a net margin of 14.35% and a return on equity of 23.76%. During the same quarter in the previous year, the company earned $1.16 EPS. Equities analysts expect that OneMain Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 23rd. Shareholders of record on Tuesday, February 17th were given a $1.05 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $4.20 dividend on an annualized basis and a yield of 8.2%. OneMain’s payout ratio is currently 63.93%.

About OneMain

OneMain Financial (NYSE: OMF) is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.

Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.