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

Asio Capital LLC decreased its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 20.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,549 shares of the financial services provider’s stock after selling 18,937 shares during the quarter. Asio Capital LLC owned about 0.06% of OneMain worth $4,968,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of OneMain in the 1st quarter valued at approximately $2,037,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of 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 during the last quarter. Focus Partners Wealth raised its position in shares of OneMain by 101.8% in the 1st quarter. Focus Partners Wealth now owns 8,737 shares of the financial services provider’s stock valued at $427,000 after purchasing an additional 4,407 shares during the last quarter. Prudential Financial Inc. raised its position in shares of OneMain by 32.9% in the 2nd quarter. Prudential Financial Inc. now owns 9,492 shares of the financial services provider’s stock valued at $541,000 after purchasing an additional 2,350 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of OneMain by 26.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 19,644 shares of the financial services provider’s stock valued at $1,119,000 after purchasing an additional 4,084 shares during the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

Wall Street Analyst Weigh In

OMF has been the subject of several research analyst reports. Barclays decreased their price objective on shares of OneMain from $71.00 to $62.00 and set an “equal weight” rating for the company in a research report on Monday. Wells Fargo & Company cut their target price on OneMain from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Friday, February 6th. JPMorgan Chase & Co. cut their target price on OneMain from $65.00 to $63.00 and set an “underweight” rating on the stock in a research report on Friday, February 6th. Wall Street Zen downgraded OneMain from a “buy” rating to a “hold” rating in a research report on Sunday, January 18th. Finally, Evercore set a $55.00 target price on OneMain in a research report on Tuesday, March 17th. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $68.89.

Insider Transactions at OneMain

In related news, COO Micah R. Conrad sold 5,000 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $58.00, for a total transaction of $290,000.00. Following the completion of the transaction, the chief operating officer directly owned 106,250 shares in the company, valued at $6,162,500. The trade was a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.40% of the stock is owned by corporate insiders.

OneMain Stock Down 2.1%

Shares of NYSE OMF opened at $53.81 on Wednesday. The business’s 50 day moving average price is $56.11 and its 200 day moving average price is $59.95. The firm has a market cap of $6.30 billion, a P/E ratio of 8.19, a P/E/G ratio of 0.40 and a beta of 1.30. OneMain Holdings, Inc. has a 52 week low of $38.76 and a 52 week high of $71.93.

OneMain (NYSE:OMF) last issued its earnings results on Thursday, February 5th. The financial services provider reported $1.59 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 23.76% and a net margin of 14.35%.During the same quarter in the prior year, the firm earned $1.16 earnings per share. As a group, research analysts expect that OneMain Holdings, Inc. will post 6.46 earnings per share for the current year.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 23rd. Investors of record on Tuesday, February 17th were given a dividend of $1.05 per share. The ex-dividend date was Tuesday, February 17th. This represents a $4.20 dividend on an annualized basis and a yield of 7.8%. OneMain’s payout ratio is currently 63.93%.

OneMain Company Profile

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.