Bramshill Investments LLC Acquires New Stake in OneMain Holdings, Inc. (NYSE:OMF)

Bramshill Investments LLC purchased a new position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 13,719 shares of the financial services provider's stock, valued at approximately $715,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position 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 OneMain by 14.3% during the fourth quarter. FMR LLC now owns 10,835,668 shares of the financial services provider's stock worth $564,863,000 after purchasing an additional 1,352,604 shares during the period. Capital International Investors boosted 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 worth $533,729,000 after acquiring an additional 211,745 shares during the period. Brave Warrior Advisors LLC lifted its holdings in shares of OneMain by 0.5% in the fourth quarter. Brave Warrior Advisors LLC now owns 7,437,670 shares of the financial services provider's stock worth $387,726,000 after buying an additional 35,448 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted 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 worth $181,402,000 after purchasing an additional 109,182 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on OMF shares. Northland Capmk upgraded shares of OneMain from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Northland Securities upgraded OneMain from a "market perform" rating to an "outperform" rating in a research report on Tuesday, April 8th. JPMorgan Chase & Co. dropped their target price on shares of OneMain from $58.00 to $46.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Wells Fargo & Company cut their price objective on OneMain from $57.00 to $53.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. Finally, Stephens restated an "overweight" rating and set a $62.00 target price on shares of OneMain in a report on Monday, February 3rd. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $58.40.

Insider Activity at OneMain

In other news, SVP Michael A. Hedlund sold 2,808 shares of the business's stock in a transaction 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 of the company's stock, valued at approximately $887,960.79. The trade was a 15.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas H. Shulman sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $47.49, for a total value of $1,187,250.00. Following the transaction, the chief executive officer now directly owns 343,925 shares of the company's stock, valued at approximately $16,332,998.25. The trade was a 6.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,808 shares of company stock worth $3,344,751. Corporate insiders own 0.45% of the company's stock.

OneMain Trading Up 0.7 %

OMF traded up $0.34 during midday trading on Wednesday, reaching $48.74. The company's stock had a trading volume of 764,563 shares, compared to its average volume of 1,035,534. The stock's 50-day moving average is $47.23 and its 200-day moving average is $51.75. OneMain Holdings, Inc. has a 1 year low of $38.00 and a 1 year high of $58.90. The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 0.44 and a beta of 1.28.

OneMain (NYSE:OMF - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share for the quarter, beating analysts' consensus estimates of $1.55 by $0.17. The business had revenue of $188.00 million during the quarter, compared to analyst estimates of $1.16 billion. OneMain had a net margin of 10.19% and a return on equity of 18.39%. OneMain's revenue was up 7.1% compared to the same quarter last year. During the same period last year, the business earned $1.45 EPS. As a group, equities research analysts forecast that OneMain Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 9th will be given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 8.54%. The ex-dividend date of this dividend is Friday, May 9th. OneMain's dividend payout ratio (DPR) is presently 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.