BNP Paribas Financial Markets Has $3.31 Million Stake in OneMain Holdings, Inc. (NYSE:OMF)

BNP Paribas Financial Markets raised its stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 32.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,436 shares of the financial services provider's stock after purchasing an additional 15,437 shares during the quarter. BNP Paribas Financial Markets owned about 0.05% of OneMain worth $3,307,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. FNY Investment Advisers LLC acquired a new stake in OneMain in the fourth quarter valued at approximately $26,000. Albion Financial Group UT acquired a new stake in OneMain during the 4th quarter valued at $26,000. IFP Advisors Inc lifted its holdings in OneMain by 180.0% in the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock worth $40,000 after buying an additional 495 shares in the last quarter. Richardson Financial Services Inc. purchased a new position in OneMain in the 4th quarter valued at about $44,000. Finally, R Squared Ltd acquired a new stake in shares of OneMain during the fourth quarter valued at about $44,000. Hedge funds and other institutional investors own 85.82% of the company's stock.

OneMain Stock Down 1.8%

OMF traded down $0.90 during trading on Wednesday, reaching $50.30. The stock had a trading volume of 65,565 shares, compared to its average volume of 1,039,584. OneMain Holdings, Inc. has a 1-year low of $38.00 and a 1-year high of $58.90. The stock has a 50 day moving average of $47.77 and a two-hundred day moving average of $51.99. The firm has a market capitalization of $5.98 billion, a price-to-earnings ratio of 11.88, a price-to-earnings-growth ratio of 0.44 and a beta of 1.28.

OneMain (NYSE:OMF - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.17. OneMain had a return on equity of 18.39% and a net margin of 10.19%. The company had revenue of $188.00 million for the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter in the prior year, the company earned $1.45 earnings per share. The firm's revenue was up 7.1% on a year-over-year basis. On average, research analysts forecast that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were issued a dividend of $1.04 per share. The ex-dividend date was Friday, May 9th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.27%. OneMain's dividend payout ratio is currently 87.95%.

Insider Buying and Selling

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $56.09, for a total value 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 represents a 15.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas H. Shulman sold 40,000 shares of the business's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $50.00, for a total transaction of $2,000,000.00. Following the transaction, the chief executive officer now owns 368,925 shares in the company, valued at approximately $18,446,250. This represents a 9.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 67,808 shares of company stock valued at $3,344,751. Company insiders own 0.40% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Northland Securities raised OneMain from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 8th. JMP Securities reissued a "market outperform" rating and issued a $65.00 price objective on shares of OneMain in a report on Wednesday, April 30th. StockNews.com raised shares of OneMain from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. decreased their target price on OneMain from $58.00 to $46.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Royal Bank of Canada upped their price objective on OneMain from $62.00 to $65.00 and gave the stock an "outperform" rating in a research note on Monday, February 3rd. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus 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.