Azora Capital LP Makes New $39.65 Million Investment in OneMain Holdings, Inc. (NYSE:OMF)

Azora Capital LP acquired a new stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 760,598 shares of the financial services provider's stock, valued at approximately $39,650,000. OneMain makes up approximately 1.8% of Azora Capital LP's holdings, making the stock its 21st largest position. Azora Capital LP owned about 0.64% of OneMain as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OMF. Vanguard Group Inc. raised its holdings in OneMain by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 11,889,113 shares of the financial services provider's stock valued at $619,779,000 after buying an additional 40,042 shares during the last quarter. FMR LLC boosted its position 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 buying an additional 1,352,604 shares during the period. Capital International Investors boosted its position in OneMain by 2.1% during 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. Dimensional Fund Advisors LP boosted its position in shares of 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 worth $181,402,000 after purchasing an additional 109,182 shares in the last quarter. Finally, Clearbridge Investments LLC increased its stake in OneMain by 54.1% during the 4th quarter. Clearbridge Investments LLC now owns 2,885,961 shares of the financial services provider's stock valued at $150,445,000 after purchasing an additional 1,013,312 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors.

Insider Activity at OneMain

In other news, CEO Douglas H. Shulman sold 40,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 368,925 shares of the company's stock, valued at $18,446,250. This represents a 9.78 % 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, SVP Michael A. Hedlund sold 2,808 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $56.09, for a total transaction of $157,500.72. Following the transaction, the senior vice president now owns 15,831 shares in the company, valued at approximately $887,960.79. This trade represents a 15.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 67,808 shares of company stock worth $3,344,751 in the last quarter. 0.45% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. JMP Securities reissued a "market outperform" rating and set a $65.00 target price on shares of OneMain in a report on Wednesday, April 30th. Evercore ISI initiated coverage on OneMain in a research report on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 price objective for the company. Barclays set a $56.00 price objective on OneMain in a report on Friday, March 14th. StockNews.com upgraded OneMain from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th. Finally, Northland Capmk raised OneMain from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, OneMain has a consensus rating of "Moderate Buy" and an average target price of $58.40.

OneMain Stock Up 0.1 %

Shares of OMF traded up $0.03 during trading hours on Friday, reaching $49.01. 698,918 shares of the company traded hands, compared to its average volume of 1,035,906. The stock has a market capitalization of $5.83 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 0.44 and a beta of 1.28. OneMain Holdings, Inc. has a fifty-two week low of $38.00 and a fifty-two week high of $58.90. The stock has a fifty day simple moving average of $47.20 and a 200 day simple moving average of $51.78.

OneMain (NYSE:OMF - Get Free Report) last posted its earnings results on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share for the quarter, topping analysts' consensus estimates of $1.55 by $0.17. The business had revenue of $188.00 million for 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 firm's revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.45 EPS. Research analysts predict that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 9th will be issued a $1.04 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.49%. OneMain's dividend payout ratio (DPR) is currently 87.95%.

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.