Bank of America Corp DE Has $16.61 Million Stock Position in OneMain Holdings, Inc. (NYSE:OMF)

Bank of America Corp DE grew its stake in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 7.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 318,669 shares of the financial services provider's stock after acquiring an additional 22,860 shares during the quarter. Bank of America Corp DE owned about 0.27% of OneMain worth $16,612,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of OneMain by 0.3% during 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 acquiring an additional 40,042 shares during the period. FMR LLC lifted its position in shares of OneMain by 14.3% during the 4th quarter. FMR LLC now owns 10,835,668 shares of the financial services provider's stock valued at $564,863,000 after acquiring an additional 1,352,604 shares during the period. Capital International Investors lifted its position in shares of OneMain by 2.1% during the 4th quarter. Capital International Investors now owns 10,238,425 shares of the financial services provider's stock valued at $533,729,000 after acquiring an additional 211,745 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of OneMain by 3.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,479,762 shares of the financial services provider's stock valued at $181,402,000 after acquiring an additional 109,182 shares during the period. Finally, Clearbridge Investments LLC lifted its position in shares of 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 acquiring an additional 1,013,312 shares during the period. 85.82% of the stock is currently owned by institutional investors.

Insider Transactions at OneMain

In other news, CEO Douglas H. Shulman sold 25,000 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 343,925 shares in the company, valued at $16,332,998.25. This trade represents a 6.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is owned by corporate insiders.

OneMain Stock Down 0.3%

OneMain stock traded down $0.16 during trading hours on Monday, hitting $50.18. The stock had a trading volume of 832,780 shares, compared to its average volume of 1,045,409. The stock has a market cap of $5.97 billion, a price-to-earnings ratio of 11.83, a P/E/G ratio of 0.44 and a beta of 1.28. OneMain Holdings, Inc. has a one year low of $38.00 and a one year high of $58.90. The business's 50 day simple moving average is $47.87 and its 200-day simple moving average is $51.90.

OneMain (NYSE:OMF - Get Free Report) last posted its 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. OneMain had a return on equity of 18.39% and a net margin of 10.19%. The firm had revenue of $188.00 million during the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the company earned $1.45 earnings per share. The business's quarterly revenue was up 7.1% on a year-over-year basis. Research analysts anticipate that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.29%. OneMain's dividend payout ratio (DPR) is 87.95%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on OMF shares. Stephens restated an "overweight" rating and set a $62.00 price objective on shares of OneMain in a research report on Monday, February 3rd. JMP Securities restated a "market outperform" rating and set a $65.00 price objective on shares of OneMain in a research report on Wednesday, April 30th. Barclays set a $56.00 price objective on OneMain in a research report on Friday, March 14th. Wall Street Zen upgraded OneMain from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. 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 report on Monday, February 3rd. Four equities 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average 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.