OneMain Holdings, Inc. (NYSE:OMF) Shares Purchased by WBI Investments LLC

WBI Investments LLC boosted its position in OneMain Holdings, Inc. (NYSE:OMF) by 13.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,697 shares of the financial services provider’s stock after purchasing an additional 1,041 shares during the period. WBI Investments LLC’s holdings in OneMain were worth $428,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in shares of OneMain during the 3rd quarter valued at $26,000. Blue Trust Inc. lifted its holdings in shares of OneMain by 49.9% in the fourth quarter. Blue Trust Inc. now owns 730 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 243 shares in the last quarter. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of OneMain in the fourth quarter valued at $36,000. Operose Advisors LLC purchased a new stake in shares of OneMain in the third quarter valued at $40,000. Finally, Allworth Financial LP lifted its holdings in shares of OneMain by 368.4% in the third quarter. Allworth Financial LP now owns 1,068 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 840 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

OMF has been the subject of a number of research analyst reports. BMO Capital Markets increased their target price on OneMain from $48.00 to $50.00 and gave the company a “market perform” rating in a report on Thursday, May 2nd. Stephens reduced their target price on OneMain from $61.00 to $57.00 and set an “overweight” rating for the company in a report on Thursday, February 8th. Wells Fargo & Company upped their price target on shares of OneMain from $48.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 2nd. JMP Securities upped their price target on shares of OneMain from $57.00 to $62.00 and gave the stock a “market outperform” rating in a research note on Wednesday, May 1st. Finally, TD Cowen upped their price target on shares of OneMain from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, OneMain has a consensus rating of “Moderate Buy” and a consensus price target of $54.62.

OneMain Trading Down 0.4 %

OneMain stock traded down $0.20 during mid-day trading on Thursday, hitting $48.01. 151,158 shares of the company’s stock were exchanged, compared to its average volume of 1,022,139. OneMain Holdings, Inc. has a 1-year low of $35.00 and a 1-year high of $53.65. The stock has a 50 day moving average of $49.73 and a two-hundred day moving average of $47.00. The stock has a market cap of $5.75 billion, a P/E ratio of 9.40, a P/E/G ratio of 0.68 and a beta of 1.63.

OneMain (NYSE:OMF) last released its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.07. OneMain had a net margin of 13.29% and a return on equity of 20.78%. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $907.93 million. During the same period in the prior year, the company earned $1.46 earnings per share. As a group, research analysts predict that OneMain Holdings, Inc. will post 5.67 EPS for the current fiscal year.

OneMain Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, May 10th were issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 8.66%. This is a boost from OneMain’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Thursday, May 9th. OneMain’s dividend payout ratio is 81.09%.

Insider Activity at OneMain

In related news, COO Micah R. Conrad sold 7,500 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $50.63, for a total value of $379,725.00. Following the completion of the sale, the chief operating officer now owns 119,525 shares in the company, valued at $6,051,550.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other OneMain news, CEO Douglas H. Shulman sold 19,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $51.37, for a total transaction of $976,030.00. Following the completion of the transaction, the chief executive officer now owns 451,300 shares in the company, valued at $23,183,281. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Micah R. Conrad sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $50.63, for a total transaction of $379,725.00. Following the transaction, the chief operating officer now owns 119,525 shares of the company’s stock, valued at approximately $6,051,550.75. The disclosure for this sale can be found here. 0.45% of the stock is owned by corporate insiders.

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.