Advisor Resource Council Purchases New Position in OneMain Holdings, Inc. (NYSE:OMF)

Advisor Resource Council bought a new position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,533 shares of the financial services provider's stock, valued at approximately $613,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Wellington Management Group LLP boosted its holdings in OneMain by 395.9% in the 4th quarter. Wellington Management Group LLP now owns 2,249,762 shares of the financial services provider's stock worth $117,280,000 after buying an additional 1,796,054 shares during the last quarter. Norges Bank purchased a new position in shares of OneMain in the fourth quarter valued at approximately $72,936,000. FMR LLC boosted its stake in shares of OneMain by 14.3% in the fourth quarter. FMR LLC now owns 10,835,668 shares of the financial services provider's stock worth $564,863,000 after acquiring an additional 1,352,604 shares during the last quarter. Clearbridge Investments LLC boosted its stake in shares of OneMain by 54.1% in the fourth quarter. Clearbridge Investments LLC now owns 2,885,961 shares of the financial services provider's stock worth $150,445,000 after acquiring an additional 1,013,312 shares during the last quarter. Finally, William Blair Investment Management LLC purchased a new stake in shares of OneMain during the fourth quarter worth approximately $46,195,000. Hedge funds and other institutional investors own 85.82% of the company's stock.

Insiders Place Their Bets

In other news, COO Micah R. Conrad sold 5,000 shares of the firm's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $52.21, for a total value of $261,050.00. Following the sale, the chief operating officer now directly owns 108,007 shares in the company, valued at approximately $5,639,045.47. This trade represents a 4.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas H. Shulman sold 25,000 shares of OneMain stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $47.49, for a total transaction of $1,187,250.00. Following the sale, the chief executive officer now directly 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 disclosure for this sale can be found here. Insiders have sold a total of 90,000 shares of company stock worth $4,499,500 in the last quarter. 0.40% of the stock is owned by company insiders.

OneMain Trading Up 0.6%

OMF traded up $0.33 on Wednesday, hitting $55.52. The company had a trading volume of 455,122 shares, compared to its average volume of 1,050,100. The company's fifty day moving average price is $50.76 and its 200 day moving average price is $51.47. OneMain Holdings, Inc. has a 1 year low of $38.00 and a 1 year high of $58.90. The firm has a market cap of $6.61 billion, a P/E ratio of 11.74, a PEG ratio of 0.47 and a beta of 1.31.

OneMain (NYSE:OMF - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.72 EPS for the quarter, topping the consensus estimate of $1.55 by $0.17. OneMain had a net margin of 11.06% and a return on equity of 19.30%. The business had revenue of $188.00 million during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the firm posted $1.45 earnings per share. The company's quarterly revenue was up 7.1% compared to the same quarter last year. On average, analysts predict that OneMain Holdings, Inc. will post 6.46 earnings per share for the current year.

OneMain Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 9th were paid a dividend of $1.04 per share. The ex-dividend date was Friday, May 9th. This represents a $4.16 annualized dividend and a yield of 7.49%. OneMain's payout ratio is 87.95%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on OMF shares. Barclays set a $56.00 price objective on OneMain in a report on Friday, March 14th. Northland Capmk upgraded shares of OneMain from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Evercore ISI started coverage on shares of OneMain in a research report on Tuesday, March 25th. They set an "in-line" rating and a $58.00 price target on the stock. Northland Securities upgraded shares of OneMain from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. decreased their target price on shares of OneMain from $58.00 to $46.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Three investment 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 stock. Based on data from MarketBeat, OneMain has a consensus rating of "Moderate Buy" and a consensus price target of $58.40.

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.