Bramshill Investments LLC Purchases Shares of 13,719 OneMain Holdings, Inc. (NYSE:OMF)

Bramshill Investments LLC purchased a new position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,719 shares of the financial services provider's stock, valued at approximately $715,000.

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

OneMain Trading Down 2.1 %

Shares of OneMain stock traded down $1.06 on Friday, hitting $48.96. The stock had a trading volume of 1,042,306 shares, compared to its average volume of 1,037,302. The company's 50 day moving average price is $47.18 and its 200 day moving average price is $51.79. The stock has a market cap of $5.82 billion, a price-to-earnings ratio of 11.55, a P/E/G ratio of 0.44 and a beta of 1.28. OneMain Holdings, Inc. has a 52-week low of $38.00 and a 52-week high of $58.90.

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

OneMain Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 9th will be issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 8.50%. The ex-dividend date is Friday, May 9th. OneMain's dividend payout ratio is presently 87.95%.

Insider Activity at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 25,000 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $47.49, for a total value of $1,187,250.00. Following the completion of the sale, the chief executive officer now owns 343,925 shares of the company's stock, valued at approximately $16,332,998.25. This trade represents a 6.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 sale, the senior vice president now directly owns 15,831 shares in the company, valued at approximately $887,960.79. This represents a 15.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 67,808 shares of company stock worth $3,344,751 in the last three months. Insiders own 0.45% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on OMF shares. Barclays set a $56.00 target price on OneMain in a research report on Friday, March 14th. StockNews.com upgraded shares of OneMain from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th. Northland Securities upgraded OneMain from a "market perform" rating to an "outperform" rating in a research note on Tuesday, April 8th. JPMorgan Chase & Co. lowered 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, Northland Capmk raised OneMain from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, OneMain presently has a consensus rating of "Moderate Buy" and an average target price 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.