OneMain Holdings, Inc. $OMF Stock Position Increased by Evergreen Capital Management LLC

Evergreen Capital Management LLC lifted its position in OneMain Holdings, Inc. (NYSE:OMF) by 140.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 25,434 shares of the financial services provider’s stock after buying an additional 14,855 shares during the quarter. Evergreen Capital Management LLC’s holdings in OneMain were worth $1,718,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Cannon Global Investment Management LLC bought a new stake in shares of OneMain in the 4th quarter worth $439,000. TD Waterhouse Canada Inc. raised its stake in shares of OneMain by 4.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 17,853 shares of the financial services provider’s stock worth $1,206,000 after buying an additional 803 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of OneMain by 13.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,317 shares of the financial services provider’s stock worth $2,521,000 after buying an additional 4,319 shares in the last quarter. Bayforest Capital Ltd raised its stake in shares of OneMain by 330.3% in the 4th quarter. Bayforest Capital Ltd now owns 2,887 shares of the financial services provider’s stock worth $195,000 after buying an additional 2,216 shares in the last quarter. Finally, Asset Management One Co. Ltd. bought a new stake in shares of OneMain in the 4th quarter worth $654,000. Institutional investors own 85.82% of the company’s stock.

OneMain Price Performance

Shares of OMF stock opened at $59.70 on Thursday. OneMain Holdings, Inc. has a fifty-two week low of $45.02 and a fifty-two week high of $71.93. The stock’s 50-day moving average is $54.90 and its two-hundred day moving average is $59.91. The firm has a market cap of $6.99 billion, a P/E ratio of 9.09, a PEG ratio of 0.43 and a beta of 1.30.

OneMain (NYSE:OMF) last issued its earnings results on Thursday, February 5th. The financial services provider reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.04. OneMain had a return on equity of 23.76% and a net margin of 14.35%.The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the firm posted $1.16 EPS. As a group, research analysts expect that OneMain Holdings, Inc. will post 7.5 EPS for the current year.

OneMain Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 23rd. Shareholders of record on Tuesday, February 17th were given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend was Tuesday, February 17th. OneMain’s dividend payout ratio is presently 63.93%.

Insiders Place Their Bets

In other OneMain news, COO Micah R. Conrad sold 5,000 shares of the company’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 transaction, the chief operating officer directly owned 101,250 shares of the company’s stock, valued at $6,075,000. This represents a 4.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.40% of the stock is currently owned by insiders.

OneMain News Summary

Here are the key news stories impacting OneMain this week:

• Positive Sentiment: Seeking Alpha publishes a bullish note arguing OneMain’s 7% dividend yield, solid loan collateralization and improved provisions make the company a compelling buy after a pullback; author reiterates a buy thesis and a risk?adjusted target near $70, highlighting yield and valuation as catalysts. OneMain Holdings: Dividend Yields And Liquidity Are Main Reasons For Adding It
• Positive Sentiment: Large institutional buying and analyst support provide a constructive backdrop: recent filings cited sizeable new/expanded stakes by firms and several analysts have maintained buy/outperform ratings and raised targets, underpinning demand for the shares. OneMain Stock Profile and Recent Analyst/Institutional Activity
• Neutral Sentiment: Insider selling: COO Micah Conrad sold 5,000 shares (~$300k) under a pre?arranged 10b5?1 plan; disclosure typically reduces surprise but can be read cautiously by short?term traders. OneMain COO Sells $300,000.00 in Stock
• Neutral Sentiment: Recent quarterly results beat EPS and revenue expectations and the firm pays a high-yield dividend (annualized ~$4.20, ~7% yield), which supports income-focused investors but also keeps the payout under scrutiny relative to earnings volatility. OneMain Recent Earnings & Dividend Details
• Negative Sentiment: Multiple shareholder?plaintiff law firms (Bragar Eagel & Squire, Kirby McInerney, Glancy Prongay Wolke & Rotter, Pomerantz, Frank R. Cruz’s firm, and others) have announced investigations into OneMain following prior regulatory/AG activity — this raises the prospect of litigation, discovery costs and reputational risk that could pressure the stock. Representative filings and alerts are posted by several firms. ONEMAIN INVESTOR ALERT: Bragar Eagel & Squire Investigating OneMain OMF INVESTOR ALERT: Kirby McInerney LLP Investigates Glancy Prongay Wolke & Rotter LLP Investigation Notice

Wall Street Analyst Weigh In

OMF has been the topic of a number of research reports. Wells Fargo & Company dropped their price objective on OneMain from $70.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 9th. Wall Street Zen cut OneMain from a “buy” rating to a “hold” rating in a report on Sunday, January 18th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of OneMain in a report on Monday, December 29th. Evercore set a $55.00 price target on OneMain in a report on Tuesday, March 17th. Finally, Royal Bank Of Canada upped their price target on OneMain from $70.00 to $73.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $67.44.

OneMain Company 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.