WBI Investments LLC Boosts Stake in OneMain Holdings, Inc. (NYSE:OMF)

WBI Investments LLC increased its position in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 29.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,125 shares of the financial services provider's stock after acquiring an additional 4,972 shares during the period. WBI Investments LLC's holdings in OneMain were worth $1,153,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Two Sigma Advisers LP grew its position in OneMain by 180.9% in the 4th quarter. Two Sigma Advisers LP now owns 55,900 shares of the financial services provider's stock worth $2,914,000 after purchasing an additional 36,000 shares during the period. Two Sigma Investments LP lifted its stake in OneMain by 93.8% in the 4th quarter. Two Sigma Investments LP now owns 88,736 shares of the financial services provider's stock worth $4,626,000 after purchasing an additional 42,947 shares in the last quarter. Tidal Investments LLC lifted its stake in OneMain by 15.6% in the 4th quarter. Tidal Investments LLC now owns 16,756 shares of the financial services provider's stock worth $873,000 after purchasing an additional 2,259 shares in the last quarter. State of Wyoming lifted its stake in OneMain by 444.2% in the 4th quarter. State of Wyoming now owns 3,510 shares of the financial services provider's stock worth $183,000 after purchasing an additional 2,865 shares in the last quarter. Finally, Shellback Capital LP purchased a new stake in shares of OneMain during the 4th quarter valued at about $5,031,000. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Douglas H. Shulman sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $47.49, for a total transaction of $1,187,250.00. Following the completion of the sale, the chief executive officer now owns 343,925 shares of the company's stock, valued at $16,332,998.25. This represents a 6.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.40% of the company's stock.

OneMain Price Performance

OMF stock traded down $0.16 during mid-day trading on Friday, reaching $50.18. The company had a trading volume of 832,780 shares, compared to its average volume of 1,043,461. The company has a market capitalization of $5.97 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 0.44 and a beta of 1.28. The firm has a 50 day moving average of $47.86 and a 200 day moving average of $51.96. OneMain Holdings, Inc. has a 12 month low of $38.00 and a 12 month high of $58.90.

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 analysts' consensus estimates of $1.55 by $0.17. The business 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 company's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.45 EPS. Analysts anticipate that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were paid 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 8.29%. OneMain's dividend payout ratio is presently 87.95%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on OMF shares. Wells Fargo & Company decreased their target price on shares of OneMain from $57.00 to $53.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. Royal Bank of Canada upped their target price on shares of OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a research report on Monday, February 3rd. Stephens restated an "overweight" rating and set a $62.00 target price on shares of OneMain in a research report on Monday, February 3rd. JMP Securities reiterated a "market outperform" rating and set a $65.00 price target on shares of OneMain in a report on Wednesday, April 30th. Finally, Northland Capmk upgraded shares of OneMain from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, OneMain has an average rating of "Moderate Buy" and an average price target of $58.40.

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.