OneMain Holdings, Inc. (NYSE:OMF) Shares Sold by Barnett & Company Inc.

Key Points

• Barnett & Company Inc. reduced its holdings in OneMain Holdings by 10.5% in Q1, now owning 114,142 shares, which represent approximately 4.7% of its investment portfolio.
• OneMain reported a year-over-year revenue increase of 7.1% during its latest quarter, achieving earnings of $1.45 per share compared to analyst estimates of $1.25.
• The company declared a quarterly dividend of $1.04, translating to an annualized yield of 7.4%, with a payout ratio of 75.09%.

Barnett & Company Inc. decreased its stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 10.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 114,142 shares of the financial services provider's stock after selling 13,381 shares during the period. OneMain makes up 4.7% of Barnett & Company Inc.'s investment portfolio, making the stock its 4th largest holding. Barnett & Company Inc. owned 0.10% of OneMain worth $5,579,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new stake in shares of OneMain in the first quarter valued at $48,282,000. Virtu Financial LLC purchased a new position in OneMain in the 1st quarter valued at about $515,000. Invesco Ltd. boosted its stake in shares of OneMain by 16.4% during the 1st quarter. Invesco Ltd. now owns 335,097 shares of the financial services provider's stock worth $16,380,000 after purchasing an additional 47,099 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new stake in shares of OneMain during the 1st quarter worth about $129,000. Finally, Townsquare Capital LLC grew its holdings in shares of OneMain by 26.3% during the first quarter. Townsquare Capital LLC now owns 10,910 shares of the financial services provider's stock worth $533,000 after buying an additional 2,275 shares in the last quarter. Hedge funds and other institutional investors own 85.82% of the company's stock.

Analysts Set New Price Targets

OMF has been the subject of several analyst reports. Barclays boosted their price target on OneMain from $48.00 to $56.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. JPMorgan Chase & Co. raised their price target on OneMain from $50.00 to $63.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Wells Fargo & Company upped their price objective on shares of OneMain from $53.00 to $60.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 15th. Finally, JMP Securities reissued a "market outperform" rating and issued a $65.00 target price on shares of OneMain in a research report on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, OneMain has an average rating of "Moderate Buy" and a consensus target price of $61.50.

OneMain Stock Performance

Shares of NYSE:OMF traded up $0.13 during mid-day trading on Wednesday, hitting $57.34. 118,012 shares of the company traded hands, compared to its average volume of 1,103,866. The firm's 50 day simple moving average is $56.36 and its 200 day simple moving average is $52.41. The firm has a market cap of $6.82 billion, a P/E ratio of 10.35, a PEG ratio of 0.43 and a beta of 1.29. OneMain Holdings, Inc. has a 52-week low of $38.00 and a 52-week high of $60.33.

OneMain (NYSE:OMF - Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the company earned $1.02 earnings per share. OneMain's revenue for the quarter was up 7.1% on a year-over-year basis. Equities research analysts expect that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 13th. Shareholders of record on Monday, August 4th will be issued a $1.04 dividend. The ex-dividend date is Monday, August 4th. This represents a $4.16 dividend on an annualized basis and a yield of 7.3%. OneMain's payout ratio is currently 75.09%.

Insiders Place Their Bets

In other news, CEO Douglas H. Shulman sold 35,000 shares of the firm's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $59.47, for a total transaction 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. This trade represents a 11.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Micah R. Conrad sold 5,000 shares of the business's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $52.21, for a total value of $261,050.00. Following the completion of the transaction, the chief operating officer owned 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 $3,976,390 in the last quarter. 0.40% of the stock is currently owned by company insiders.

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.