Cyndeo Wealth Partners LLC Takes Position in OneMain Holdings, Inc. (NYSE:OMF)

Cyndeo Wealth Partners LLC purchased a new stake in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 132,211 shares of the financial services provider's stock, valued at approximately $6,462,000. Cyndeo Wealth Partners LLC owned about 0.11% of OneMain at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in OneMain by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 11,889,113 shares of the financial services provider's stock worth $619,779,000 after purchasing an additional 40,042 shares during the period. FMR LLC grew its stake in OneMain by 14.3% in the 4th quarter. FMR LLC now owns 10,835,668 shares of the financial services provider's stock valued at $564,863,000 after buying an additional 1,352,604 shares in the last quarter. Capital International Investors raised its holdings in 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. Brave Warrior Advisors LLC lifted its position in shares of OneMain by 0.5% during 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 acquiring an additional 35,448 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of OneMain by 3.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,479,762 shares of the financial services provider's stock worth $181,402,000 after acquiring an additional 109,182 shares in the last quarter. Institutional investors own 85.82% of the company's stock.

Insider Activity at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 25,000 shares of the 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 transaction, the chief executive officer now owns 343,925 shares in the company, valued at approximately $16,332,998.25. This represents a 6.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Micah R. Conrad sold 5,000 shares of the business's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $52.21, for a total transaction of $261,050.00. Following the sale, the chief operating officer now 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 disclosure for this sale can be found here. Insiders sold a total of 70,000 shares of company stock worth $3,448,300 over the last quarter. 0.40% of the stock is owned by corporate insiders.

OneMain Price Performance

NYSE OMF traded up $0.95 during trading on Monday, hitting $52.82. 752,647 shares of the company's stock traded hands, compared to its average volume of 1,050,781. The stock has a fifty day moving average of $49.14 and a two-hundred day moving average of $51.58. OneMain Holdings, Inc. has a 12-month low of $38.00 and a 12-month high of $58.90. The firm has a market cap of $6.28 billion, a P/E ratio of 12.46, a PEG ratio of 0.44 and a beta of 1.31.

OneMain (NYSE:OMF - Get Free Report) last issued its 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. The company had revenue of $188.00 million for 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%. The firm's revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.45 earnings per share. As a group, analysts expect that OneMain Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 9th were issued a dividend of $1.04 per share. The ex-dividend date was Friday, May 9th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.88%. OneMain's dividend payout ratio is presently 87.95%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on OMF. JMP Securities restated a "market outperform" rating and set a $65.00 price target on shares of OneMain in a research report on Wednesday, April 30th. JPMorgan Chase & Co. dropped their price target on OneMain from $58.00 to $46.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Barclays set a $56.00 price objective on shares of OneMain in a research 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. Finally, Wells Fargo & Company decreased their price target on shares of OneMain from $57.00 to $53.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, OneMain presently has an average rating of "Moderate Buy" and an average target price of $58.40.

About OneMain

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.