Long Focus Capital Management LLC Sells 10,000 Shares of OneMain Holdings, Inc. $OMF

Key Points

• Long Focus Capital Management LLC recently reduced its stake in OneMain Holdings, Inc. by 3.8% to approximately $12.46 million, owning 255,000 shares after selling 10,000 shares.
• Analyst ratings for OneMain have generally improved, with JPMorgan raising its target price from $50 to $63 and several analysts assigning a "Moderate Buy" average rating with a target price of $61.50.
• OneMain announced a quarterly dividend of $1.04, reflecting a 6.7% annual yield, with a dividend payout ratio of 75.09%.

Long Focus Capital Management LLC lowered its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 3.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 255,000 shares of the financial services provider's stock after selling 10,000 shares during the quarter. Long Focus Capital Management LLC owned about 0.21% of OneMain worth $12,464,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of OMF. Nuveen LLC bought a new position in shares of OneMain during the 1st quarter valued at $48,282,000. Azora Capital LP bought a new position in shares of OneMain during the 4th quarter valued at $39,650,000. Fiduciary Management Inc. WI raised its holdings in shares of OneMain by 21.8% during the 1st quarter. Fiduciary Management Inc. WI now owns 2,647,875 shares of the financial services provider's stock valued at $129,428,000 after purchasing an additional 474,161 shares in the last quarter. Certuity LLC raised its holdings in OneMain by 86.0% in the 1st quarter. Certuity LLC now owns 930,012 shares of the financial services provider's stock worth $45,459,000 after acquiring an additional 430,011 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in OneMain in the 4th quarter worth $15,566,000. Institutional investors own 85.82% of the company's stock.

Insider Transactions at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 35,000 shares of the business's stock in a transaction dated Tuesday, July 29th. The shares were 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 of the company's stock, valued at approximately $16,360,197. The trade was a 11.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Micah R. Conrad sold 4,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $58.02, for a total transaction of $232,080.00. Following the completion of the transaction, the chief operating officer directly owned 101,007 shares of the company's stock, valued at approximately $5,860,426.14. This represents a 3.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,000 shares of company stock valued at $3,715,340. Insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wells Fargo & Company assumed coverage on shares of OneMain in a report on Monday, August 25th. They issued an "equal weight" rating on the stock. Barclays lifted their target price on shares of OneMain from $48.00 to $56.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. lifted their target price on shares of OneMain from $50.00 to $63.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, OneMain currently has an average rating of "Moderate Buy" and a consensus target price of $61.50.

OneMain Stock Up 1.4%

NYSE OMF traded up $0.87 during midday trading on Wednesday, hitting $61.98. The company had a trading volume of 1,088,974 shares, compared to its average volume of 1,085,211. The stock has a market cap of $7.37 billion, a price-to-earnings ratio of 11.19, a P/E/G ratio of 0.48 and a beta of 1.30. The firm has a fifty day simple moving average of $58.32 and a two-hundred day simple moving average of $52.76. OneMain Holdings, Inc. has a fifty-two week low of $38.00 and a fifty-two week high of $62.14.

OneMain (NYSE:OMF - Get Free Report) last posted its quarterly earnings results on Friday, July 25th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.20. OneMain had a net margin of 12.63% and a return on equity of 20.65%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the business posted $1.02 EPS. The business's quarterly revenue was up 7.1% on a year-over-year basis. As a group, equities 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 Wednesday, August 13th. Shareholders of record on Monday, August 4th were paid a $1.04 dividend. 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 6.7%. OneMain's payout ratio is currently 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.