OneMain Holdings, Inc. $OMF Shares Sold by Brandes Investment Partners LP

Brandes Investment Partners LP trimmed its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 93.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 116,733 shares of the financial services provider’s stock after selling 1,810,574 shares during the quarter. Brandes Investment Partners LP’s holdings in OneMain were worth $7,885,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in shares of OneMain by 33.5% during the third quarter. JPMorgan Chase & Co. now owns 289,943 shares of the financial services provider’s stock worth $16,370,000 after acquiring an additional 72,688 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of OneMain by 24.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 259,803 shares of the financial services provider’s stock worth $17,945,000 after acquiring an additional 50,521 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of OneMain by 3.4% during the third quarter. American Century Companies Inc. now owns 1,065,463 shares of the financial services provider’s stock worth $60,156,000 after acquiring an additional 35,126 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of OneMain by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 3,980,031 shares of the financial services provider’s stock worth $224,723,000 after acquiring an additional 63,774 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new position in OneMain during the third quarter worth $1,107,000. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. TD Cowen reissued a “buy” rating on shares of OneMain in a research report on Monday, May 4th. BTIG Research reissued a “neutral” rating on shares of OneMain in a research report on Thursday, April 16th. Royal Bank Of Canada lowered their target price on shares of OneMain from $73.00 to $70.00 and set an “outperform” rating on the stock in a research report on Monday, May 4th. JPMorgan Chase & Co. lowered their target price on shares of OneMain from $63.00 to $55.00 and set an “underweight” rating on the stock in a research report on Thursday, April 9th. Finally, Wells Fargo & Company lowered their target price on shares of OneMain from $70.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 9th. Eight investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $68.30.

Insider Activity

In other news, COO Micah R. Conrad sold 5,000 shares of the firm’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $60.00, for a total value of $300,000.00. Following 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.29% of the company’s stock.

OneMain Stock Performance

Shares of NYSE:OMF opened at $54.48 on Thursday. The company has a market cap of $6.29 billion, a P/E ratio of 8.11, a P/E/G ratio of 0.41 and a beta of 1.24. The stock’s 50-day moving average is $55.57 and its 200-day moving average is $59.45. OneMain Holdings, Inc. has a 52-week low of $45.78 and a 52-week high of $71.93.

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

OneMain Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 11th were given a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend was Monday, May 11th. OneMain’s dividend payout ratio (DPR) is currently 62.50%.

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.