OneMain Holdings, Inc. $OMF Stock Holdings Lifted by Brave Warrior Advisors LLC

Brave Warrior Advisors LLC increased its stake in OneMain Holdings, Inc. (NYSE:OMF) by 7.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,870,085 shares of the financial services provider’s stock after acquiring an additional 526,449 shares during the quarter. OneMain makes up about 10.3% of Brave Warrior Advisors LLC’s portfolio, making the stock its 2nd biggest holding. Brave Warrior Advisors LLC owned 6.62% of OneMain worth $448,595,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC purchased a new stake in shares of OneMain during the second quarter worth about $611,102,000. Norges Bank acquired a new stake in OneMain in the 2nd quarter worth about $85,541,000. Nuveen LLC purchased a new stake in OneMain during the 1st quarter worth approximately $48,282,000. Cooperman Leon G raised its holdings in shares of OneMain by 187.7% during the first quarter. Cooperman Leon G now owns 889,000 shares of the financial services provider’s stock valued at $43,454,000 after acquiring an additional 580,000 shares during the last quarter. Finally, Fiduciary Management Inc. WI lifted its position in shares of OneMain by 21.8% in the first quarter. Fiduciary Management Inc. WI now owns 2,647,875 shares of the financial services provider’s stock valued at $129,428,000 after acquiring an additional 474,161 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

OneMain Trading Down 1.1%

Shares of OMF opened at $68.83 on Friday. OneMain Holdings, Inc. has a 12-month low of $38.00 and a 12-month high of $70.17. The firm has a 50-day moving average price of $59.29 and a 200 day moving average price of $58.11. The firm has a market capitalization of $8.10 billion, a P/E ratio of 11.67, a P/E/G ratio of 0.48 and a beta of 1.38.

OneMain (NYSE:OMF) last issued its earnings results on Friday, October 31st. The financial services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.32. OneMain had a net margin of 13.15% and a return on equity of 22.70%. The company had revenue of $747.00 million for the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the previous year, the firm earned $1.31 earnings per share. Equities research analysts predict that OneMain Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

OneMain Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 10th were issued a $1.05 dividend. This is a boost from OneMain’s previous quarterly dividend of $1.04. This represents a $4.20 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date was Monday, November 10th. OneMain’s payout ratio is currently 71.19%.

Analyst Upgrades and Downgrades

OMF has been the subject of several research reports. Wells Fargo & Company began coverage on OneMain in a research report on Monday, August 25th. They set an “equal weight” rating for the company. Citigroup reaffirmed a “market outperform” rating on shares of OneMain in a report on Monday, November 24th. Citizens Jmp decreased their price target on shares of OneMain from $70.00 to $68.00 and set a “market outperform” rating on the stock in a research note on Monday, November 24th. Weiss Ratings restated a “buy (b-)” rating on shares of OneMain in a research report on Monday. Finally, JMP Securities set a $68.00 price objective on shares of OneMain in a report on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, OneMain currently has a consensus rating of “Moderate Buy” and an average price target of $64.00.

Insider Buying and Selling

In other news, COO Micah R. Conrad sold 5,000 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $59.20, for a total transaction of $296,000.00. Following the completion of the transaction, the chief operating officer directly owned 88,221 shares in the company, valued at approximately $5,222,683.20. This represents a 5.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas H. Shulman sold 35,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $59.54, for a total transaction of $2,083,900.00. Following the completion of the sale, the chief executive officer owned 231,600 shares in the company, valued at approximately $13,789,464. This trade represents a 13.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 40,652 shares of company stock worth $2,420,324. Company insiders own 0.40% of the company’s stock.

OneMain Company 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.