OneMain Holdings, Inc. $OMF is Brave Warrior Advisors LLC's 3rd Largest Position

Key Points

• Brave Warrior Advisors LLC reduced its holdings in OneMain Holdings, Inc. by 1.3%, selling 94,034 shares, and now owns approximately 7.34 million shares, representing 8.2% of its portfolio.
• OneMain reported a quarterly EPS of $1.45, exceeding analysts' expectations, with revenue reaching $1.20 billion, a 7.1% increase year-over-year.
• The company declared a quarterly dividend of $1.04, yielding 6.7%, with a payout ratio of 75.09% for its shareholders.

Brave Warrior Advisors LLC trimmed its holdings in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 1.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,343,636 shares of the financial services provider's stock after selling 94,034 shares during the period. OneMain comprises about 8.2% of Brave Warrior Advisors LLC's investment portfolio, making the stock its 3rd biggest position. Brave Warrior Advisors LLC owned about 6.17% of OneMain worth $358,957,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in OMF. Northern Trust Corp lifted its position in shares of OneMain by 19.2% in the fourth quarter. Northern Trust Corp now owns 1,538,672 shares of the financial services provider's stock worth $80,211,000 after buying an additional 248,151 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of OneMain by 4.3% in the fourth quarter. Ameriprise Financial Inc. now owns 87,527 shares of the financial services provider's stock worth $4,563,000 after buying an additional 3,631 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of OneMain by 32.2% in the fourth quarter. BNP Paribas Financial Markets now owns 63,436 shares of the financial services provider's stock worth $3,307,000 after buying an additional 15,437 shares in the last quarter. Bank of America Corp DE lifted its position in shares of OneMain by 7.7% in the fourth quarter. Bank of America Corp DE now owns 318,669 shares of the financial services provider's stock worth $16,612,000 after buying an additional 22,860 shares in the last quarter. Finally, Bayesian Capital Management LP purchased a new stake in shares of OneMain in the fourth quarter worth about $282,000. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

OneMain Price Performance

Shares of OMF traded up $0.56 during mid-day trading on Thursday, reaching $62.59. 706,369 shares of the company's stock traded hands, compared to its average volume of 1,082,961. The stock has a market cap of $7.44 billion, a P/E ratio of 11.30, a P/E/G ratio of 0.48 and a beta of 1.30. The stock's 50-day moving average is $58.45 and its two-hundred day moving average is $52.82. OneMain Holdings, Inc. has a 12 month low of $38.00 and a 12 month high of $62.84.

OneMain (NYSE:OMF - Get Free Report) last released its earnings results on Friday, July 25th. The financial services provider reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.25 by $0.20. The firm had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.19 billion. OneMain had a return on equity of 20.65% and a net margin of 12.63%.The company's quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.02 earnings per share. Research analysts predict that OneMain Holdings, Inc. will post 6.46 earnings per share for the current year.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 13th. Stockholders of record on Monday, August 4th were paid a dividend of $1.04 per share. The ex-dividend date of this dividend was Monday, August 4th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 6.6%. OneMain's dividend payout ratio is currently 75.09%.

Analysts Set New Price Targets

OMF has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on OneMain from $50.00 to $63.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Wells Fargo & Company started coverage on OneMain in a research report on Monday, August 25th. They set an "equal weight" rating on the stock. Finally, Barclays upped their price objective on OneMain from $48.00 to $56.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $61.50.

Insider Buying and Selling

In related news, COO Micah R. Conrad sold 4,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $58.02, for a total value of $232,080.00. Following the transaction, the chief operating officer owned 101,007 shares of the company's stock, valued at $5,860,426.14. This represents a 3.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas H. Shulman sold 35,000 shares of the stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $59.47, for a total value of $2,081,450.00. Following the completion of the transaction, the chief executive officer directly owned 275,100 shares in the company, valued at approximately $16,360,197. This trade represents a 11.29% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 65,000 shares of company stock worth $3,715,340. Insiders own 0.40% of the company's stock.

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.