OneMain Holdings, Inc. (NYSE:OMF) Shares Bought by WBI Investments LLC

WBI Investments LLC lifted its stake in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 29.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,125 shares of the financial services provider's stock after buying an additional 4,972 shares during the quarter. WBI Investments LLC's holdings in OneMain were worth $1,153,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ieq Capital LLC acquired a new position in shares of OneMain during the fourth quarter worth about $896,000. Orion Portfolio Solutions LLC lifted its position in shares of OneMain by 66.5% during the 4th quarter. Orion Portfolio Solutions LLC now owns 17,681 shares of the financial services provider's stock worth $922,000 after buying an additional 7,060 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of OneMain by 15.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,263 shares of the financial services provider's stock worth $222,000 after buying an additional 569 shares during the last quarter. IFP Advisors Inc lifted its position in shares of OneMain by 180.0% during the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock worth $40,000 after buying an additional 495 shares during the last quarter. Finally, Vista Finance LLC purchased a new stake in shares of OneMain during the 4th quarter worth approximately $331,000. 85.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Michael A. Hedlund sold 2,808 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $56.09, for a total value of $157,500.72. Following the completion of the transaction, the senior vice president now owns 15,831 shares of the company's stock, valued at approximately $887,960.79. This represents a 15.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Douglas H. Shulman sold 25,000 shares of OneMain stock in a transaction that occurred 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 sale, the chief executive officer now owns 343,925 shares in the company, valued at $16,332,998.25. This represents a 6.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 67,808 shares of company stock worth $3,344,751. 0.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

OMF has been the topic of a number of research reports. Northland Securities raised OneMain from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 8th. Evercore ISI assumed coverage on OneMain in a research note on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 target price on the stock. Stephens restated an "overweight" rating and set a $62.00 price target on shares of OneMain in a research note on Monday, February 3rd. Wall Street Zen upgraded shares of OneMain from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of OneMain from $58.00 to $46.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $58.40.

OneMain Stock Performance

NYSE OMF traded up $0.72 during trading hours on Thursday, hitting $50.32. 1,107,482 shares of the company's stock were exchanged, compared to its average volume of 1,043,548. The business's 50 day moving average is $47.78 and its 200-day moving average is $51.97. OneMain Holdings, Inc. has a 12-month low of $38.00 and a 12-month high of $58.90. The firm has a market capitalization of $5.99 billion, a P/E ratio of 11.87, a price-to-earnings-growth ratio of 0.44 and a beta of 1.28.

OneMain (NYSE:OMF - Get Free Report) last announced its quarterly 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 during the quarter, compared to analyst estimates of $1.16 billion. OneMain had a return on equity of 18.39% and a net margin of 10.19%. The firm's revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.45 earnings per share. As a group, equities research analysts anticipate that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were paid a $1.04 dividend. The ex-dividend date was Friday, May 9th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.27%. OneMain's dividend payout ratio (DPR) is currently 87.95%.

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.