OneMain Holdings, Inc. $OMF Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC trimmed its stake in OneMain Holdings, Inc. (NYSE:OMF) by 80.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 42,049 shares of the financial services provider’s stock after selling 167,944 shares during the period. Hsbc Holdings PLC’s holdings in OneMain were worth $2,843,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. CIBC Private Wealth Group LLC increased its holdings in OneMain by 117.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 374 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 202 shares during the last quarter. Core Wealth Advisors LLC purchased a new position in shares of OneMain during the fourth quarter worth $31,000. Atlantic Union Bankshares Corp acquired a new stake in shares of OneMain in the fourth quarter valued at $36,000. Transamerica Financial Advisors LLC raised its holdings in shares of OneMain by 88.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 670 shares of the financial services provider’s stock valued at $45,000 after buying an additional 314 shares during the period. Finally, Spire Wealth Management lifted its stake in OneMain by 83.2% during the 4th quarter. Spire Wealth Management now owns 700 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 318 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lowered their target price on OneMain from $63.00 to $55.00 and set an “underweight” rating for the company in a report on Thursday, April 9th. Barclays reduced their price target on shares of OneMain from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Wells Fargo & Company lowered their price objective on shares of OneMain from $70.00 to $65.00 and set an “equal weight” rating for the company in a research note on Thursday, April 9th. Truist Financial dropped their price objective on shares of OneMain from $73.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, July 2nd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of OneMain in a research note on Tuesday. Eight investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, OneMain currently has an average rating of “Moderate Buy” and a consensus target price of $67.80.

OneMain Stock Performance

Shares of OMF opened at $59.29 on Friday. OneMain Holdings, Inc. has a fifty-two week low of $45.78 and a fifty-two week high of $71.93. The firm has a 50-day simple moving average of $56.39 and a 200-day simple moving average of $58.58. The company has a market capitalization of $6.85 billion, a price-to-earnings ratio of 8.82, a price-to-earnings-growth ratio of 0.44 and a beta of 1.22.

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 firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.27 billion. OneMain had a return on equity of 24.24% and a net margin of 14.38%.The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.72 EPS. Equities research analysts forecast that OneMain Holdings, Inc. will post 7.23 EPS for the current year.

OneMain Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 11th were issued a $1.05 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 7.1%. OneMain’s payout ratio is presently 62.50%.

Insider Buying and Selling

In other news, SVP Michael A. Hedlund sold 1,848 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $62.00, for a total transaction of $114,576.00. Following the completion of the sale, the senior vice president owned 13,127 shares in the company, valued at $813,874. This represents a 12.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Micah R. Conrad sold 5,000 shares of the company’s stock in a transaction that occurred on 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 owned 101,250 shares of the company’s stock, valued at $6,075,000. This trade represents a 4.71% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 11,848 shares of company stock worth $724,576. Corporate insiders own 0.29% of the company’s stock.

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.