OneMain Holdings, Inc. (NYSE:OMF) Shares Sold by Logan Capital Management Inc.

Logan Capital Management Inc. reduced its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,724 shares of the financial services provider’s stock after selling 4,457 shares during the quarter. Logan Capital Management Inc. owned about 0.09% of OneMain worth $5,668,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of OMF. Vanguard Group Inc. boosted its holdings in shares of OneMain by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 11,889,113 shares of the financial services provider’s stock valued at $619,779,000 after acquiring an additional 40,042 shares in the last quarter. FMR LLC raised its holdings in shares of OneMain by 14.3% during the fourth quarter. FMR LLC now owns 10,835,668 shares of the financial services provider’s stock valued at $564,863,000 after acquiring an additional 1,352,604 shares during the period. Capital International Investors lifted its holdings in shares of OneMain by 2.1% in the fourth quarter. Capital International Investors now owns 10,238,425 shares of the financial services provider’s stock valued at $533,729,000 after purchasing an additional 211,745 shares in the last quarter. Brave Warrior Advisors LLC boosted its position in OneMain by 0.5% during the 4th quarter. Brave Warrior Advisors LLC now owns 7,437,670 shares of the financial services provider’s stock worth $387,726,000 after acquiring an additional 35,448 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in OneMain by 3.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,479,762 shares of the financial services provider’s stock valued at $181,402,000 after buying an additional 109,182 shares during the period. Institutional investors and hedge funds own 85.82% of the company’s stock.

OneMain Stock Down 2.1%

Shares of NYSE:OMF opened at $48.96 on Monday. The company has a market cap of $5.82 billion, a price-to-earnings ratio of 11.55, a PEG ratio of 0.44 and a beta of 1.28. The business has a 50 day moving average price of $47.18 and a 200 day moving average price of $51.87. OneMain Holdings, Inc. has a twelve month low of $38.00 and a twelve month high of $58.90.

OneMain (NYSE:OMF) last issued its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.17. The company had revenue of $188.00 million during the quarter, compared to analyst estimates of $1.16 billion. OneMain had a return on equity of 18.39% and a net margin of 10.19%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.45 earnings per share. Analysts anticipate that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 9th will be issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 8.50%. The ex-dividend date is Friday, May 9th. OneMain’s dividend payout ratio (DPR) is presently 87.95%.

Insiders Place Their Bets

In related news, SVP Michael A. Hedlund sold 2,808 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $56.09, for a total value of $157,500.72. Following the completion of the transaction, the senior vice president now directly owns 15,831 shares in the company, valued at approximately $887,960.79. This represents a 15.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas H. Shulman sold 40,000 shares of the firm’s stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $50.00, for a total value of $2,000,000.00. Following the completion of the transaction, the chief executive officer now directly owns 368,925 shares of the company’s stock, valued at approximately $18,446,250. This trade represents a 9.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 67,808 shares of company stock worth $3,344,751 in the last ninety days. Insiders own 0.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. JPMorgan Chase & Co. dropped their target price on OneMain from $58.00 to $46.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. StockNews.com upgraded OneMain from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Stephens reiterated an “overweight” rating and issued a $62.00 target price on shares of OneMain in a research note on Monday, February 3rd. Northland Securities upgraded shares of OneMain from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 8th. Finally, Northland Capmk raised shares of OneMain from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $58.40.

OneMain 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.