Lodge Hill Capital LLC Sells 75,960 Shares of OneMain Holdings, Inc. $OMF

Key Points

• Lodge Hill Capital LLC sold 75,960 shares of OneMain Holdings, Inc., reducing its holdings by 19.7%, retaining 309,700 shares, which account for 3.6% of its portfolio.
• Analysts have generally positive views on OneMain, with target prices from banks like JPMorgan raised to $63.00 and Barclays to $56.00, reflecting a consensus rating of "Moderate Buy."
• OneMain recently announced a quarterly dividend of $1.04 per share, representing an annualized dividend yield of 6.8% and a payout ratio of 75.09%.

Lodge Hill Capital LLC lessened its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 19.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 309,700 shares of the financial services provider's stock after selling 75,960 shares during the period. OneMain makes up 3.6% of Lodge Hill Capital LLC's portfolio, making the stock its 15th biggest position. Lodge Hill Capital LLC owned approximately 0.26% of OneMain worth $15,138,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of OMF. Raymond James Financial Inc. bought a new position in shares of OneMain during the 4th quarter valued at about $2,075,000. NewEdge Advisors LLC raised its position in OneMain by 5.2% in the 4th quarter. NewEdge Advisors LLC now owns 6,809 shares of the financial services provider's stock valued at $355,000 after buying an additional 334 shares during the last quarter. MML Investors Services LLC raised its position in OneMain by 17.4% in the 4th quarter. MML Investors Services LLC now owns 21,518 shares of the financial services provider's stock valued at $1,122,000 after buying an additional 3,195 shares during the last quarter. Boothbay Fund Management LLC acquired a new stake in OneMain in the 4th quarter valued at approximately $298,000. Finally, Northern Trust Corp raised its position in OneMain by 19.2% in the 4th quarter. Northern Trust Corp now owns 1,538,672 shares of the financial services provider's stock valued at $80,211,000 after buying an additional 248,151 shares during the last quarter. Institutional investors own 85.82% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on OMF shares. JPMorgan Chase & Co. lifted their target price on OneMain from $50.00 to $63.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Wells Fargo & Company started coverage on OneMain in a research report on Monday. They issued an "equal weight" rating on the stock. Barclays lifted their target price on OneMain from $48.00 to $56.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $65.00 price target on shares of OneMain in a research report on Wednesday, April 30th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $61.50.

Insider Buying and Selling

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

OneMain Stock Up 0.4%

NYSE:OMF opened at $61.42 on Thursday. The firm has a market capitalization of $7.30 billion, a price-to-earnings ratio of 11.09, a price-to-earnings-growth ratio of 0.48 and a beta of 1.29. OneMain Holdings, Inc. has a twelve month low of $38.00 and a twelve month high of $61.81. The stock's 50 day moving average price is $57.73 and its two-hundred day moving average price is $52.62.

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

OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 13th. Investors of record on Monday, August 4th were issued 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 6.8%. OneMain's payout ratio is presently 75.09%.

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.

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