Capital International Investors Reduces Stake in OneMain Holdings, Inc. $OMF

Capital International Investors lowered its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 13.5% during the fourth quarter, HoldingsChannel reports. The fund owned 8,979,838 shares of the financial services provider’s stock after selling 1,396,752 shares during the period. Capital International Investors owned 0.08% of OneMain worth $606,592,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Parallel Advisors LLC increased its holdings in shares of OneMain by 4.0% in the 4th quarter. Parallel Advisors LLC now owns 8,473 shares of the financial services provider’s stock valued at $572,000 after acquiring an additional 322 shares during the last quarter. Prudential PLC boosted its position in shares of OneMain by 114.0% in the 4th quarter. Prudential PLC now owns 9,027 shares of the financial services provider’s stock valued at $610,000 after purchasing an additional 4,808 shares during the period. Vise Technologies Inc. boosted its position in shares of OneMain by 66.2% in the 4th quarter. Vise Technologies Inc. now owns 6,077 shares of the financial services provider’s stock valued at $411,000 after purchasing an additional 2,420 shares during the period. State of Wyoming boosted its position in shares of OneMain by 10.4% in the 4th quarter. State of Wyoming now owns 7,557 shares of the financial services provider’s stock valued at $510,000 after purchasing an additional 711 shares during the period. Finally, Sivia Capital Partners LLC acquired a new stake in shares of OneMain in the 4th quarter valued at about $314,000. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Insiders Place Their Bets

In other OneMain news, COO Micah R. Conrad sold 5,000 shares of the stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $60.00, for a total transaction of $300,000.00. Following the completion of the sale, the chief operating officer directly owned 101,250 shares of the company’s stock, valued at approximately $6,075,000. This trade represents a 4.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.29% of the company’s stock.

OneMain Trading Up 0.1%

OneMain stock opened at $55.41 on Monday. OneMain Holdings, Inc. has a twelve month low of $45.78 and a twelve month high of $71.93. The stock has a 50 day moving average of $55.42 and a two-hundred day moving average of $59.51. The stock has a market capitalization of $6.40 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 0.41 and a beta of 1.24.

OneMain (NYSE:OMF) last posted its quarterly earnings data on Friday, May 1st. The financial services provider reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.09. OneMain had a return on equity of 24.24% and a net margin of 14.38%.The company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period last year, the firm earned $1.72 EPS. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. Equities analysts predict that OneMain Holdings, Inc. will post 7.38 earnings per share for the current year.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 11th were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend was Monday, May 11th. OneMain’s dividend payout ratio (DPR) is presently 62.50%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on OMF shares. Wells Fargo & Company decreased their target price on OneMain from $70.00 to $65.00 and set an “equal weight” rating for the company in a research report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft decreased their target price on OneMain from $81.00 to $80.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Barclays decreased their target price on OneMain from $62.00 to $61.00 and set an “equal weight” rating for the company in a research report on Monday, May 4th. Evercore set a $55.00 target price on OneMain in a research report on Tuesday, March 17th. Finally, Royal Bank Of Canada decreased their target price on OneMain from $73.00 to $70.00 and set an “outperform” rating for the company in a research report on Monday, May 4th. Eight investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.30.

OneMain 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.