Stephens Inc. AR Reduces Stock Position in OneMain Holdings, Inc. (NYSE:OMF)

Stephens Inc. AR reduced its holdings in OneMain Holdings, Inc. (NYSE:OMFFree Report) by 1.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,910 shares of the financial services provider’s stock after selling 222 shares during the period. Stephens Inc. AR’s holdings in OneMain were worth $783,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in OneMain in the 3rd quarter valued at about $26,000. Blue Trust Inc. raised its holdings in shares of OneMain by 49.9% in the 4th 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. bought a new stake in shares of OneMain in the 4th quarter valued at about $36,000. Operose Advisors LLC bought a new stake in shares of OneMain in the 3rd quarter valued at about $40,000. Finally, ZRC Wealth Management LLC bought a new position in shares of OneMain during the 4th quarter worth approximately $45,000. 85.82% of the stock is owned by hedge funds and other institutional investors.

OneMain Price Performance

OMF stock opened at $49.04 on Tuesday. The firm’s fifty day simple moving average is $49.35 and its 200-day simple moving average is $48.01. The company has a market capitalization of $5.88 billion, a P/E ratio of 9.56, a price-to-earnings-growth ratio of 0.73 and a beta of 1.59. OneMain Holdings, Inc. has a 12 month low of $35.00 and a 12 month high of $53.65.

OneMain (NYSE:OMFGet Free Report) last released its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.38 by $0.07. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $907.93 million. OneMain had a net margin of 13.29% and a return on equity of 20.78%. During the same period in the prior year, the firm earned $1.46 EPS. As a group, sell-side analysts forecast that OneMain Holdings, Inc. will post 5.57 earnings per share for the current year.

OneMain Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Friday, May 10th were issued a dividend of $1.04 per share. The ex-dividend date was Thursday, May 9th. This is an increase from OneMain’s previous quarterly dividend of $1.00. This represents a $4.16 dividend on an annualized basis and a yield of 8.48%. OneMain’s dividend payout ratio is 81.09%.

Analyst Upgrades and Downgrades

Several research firms recently commented on OMF. JMP Securities reduced their price objective on shares of OneMain from $62.00 to $59.00 and set a “market outperform” rating for the company in a research note on Tuesday, June 4th. BTIG Research began coverage on shares of OneMain in a research note on Friday. They set a “neutral” rating for the company. StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a research note on Wednesday, February 14th. TD Cowen boosted their price objective 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. Finally, Wells Fargo & Company boosted their price objective 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. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, OneMain currently has an average rating of “Moderate Buy” and a consensus target price of $54.38.

Read Our Latest Analysis on OMF

Insider Buying and Selling

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

OneMain Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for OneMain (NYSE:OMF)

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