OneMain Holdings, Inc. $OMF Shares Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in OneMain by 39.0% in Q4 to 126,492 shares worth about $8.55 million, and institutional investors/hedge funds now own 85.82% of the company.
• OneMain topped quarterly expectations with EPS of $1.59 versus $1.55 expected and revenue of $1.61 billion versus $1.28 billion expected, while reporting a return on equity near 23.8% and improved margins.
• The firm pays a quarterly dividend of $1.05 (annualized yield ~7.1%), and analysts have an average rating of "Moderate Buy" with a mean price target of $67.44.

Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 39.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,492 shares of the financial services provider's stock after acquiring an additional 35,466 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.11% of OneMain worth $8,553,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Certuity LLC lifted its position in shares of OneMain by 107.6% during the third quarter. Certuity LLC now owns 1,930,792 shares of the financial services provider's stock worth $109,013,000 after purchasing an additional 1,000,654 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of OneMain by 57.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,965,244 shares of the financial services provider's stock worth $110,958,000 after acquiring an additional 713,670 shares in the last quarter. Qube Research & Technologies Ltd increased its holdings in shares of OneMain by 254.2% in the 3rd quarter. Qube Research & Technologies Ltd now owns 741,752 shares of the financial services provider's stock valued at $41,879,000 after acquiring an additional 532,324 shares during the last quarter. AQR Capital Management LLC raised its position in shares of OneMain by 48.2% during the 3rd quarter. AQR Capital Management LLC now owns 1,310,435 shares of the financial services provider's stock valued at $73,987,000 after acquiring an additional 426,088 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in OneMain by 547.8% during the second quarter. Ameriprise Financial Inc. now owns 437,706 shares of the financial services provider's stock worth $24,947,000 after purchasing an additional 370,133 shares during the last quarter. 85.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on OMF shares. Evercore set a $55.00 price target on shares of OneMain in a research report on Tuesday, March 17th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of OneMain in a report on Monday, December 29th. Wall Street Zen downgraded OneMain from a "buy" rating to a "hold" rating in a report on Sunday, January 18th. Stephens dropped their target price on OneMain to $76.00 and set an "overweight" rating on the stock in a research report on Friday, February 6th. Finally, Barclays reduced their price target on shares of OneMain from $71.00 to $62.00 and set an "equal weight" rating for the company in a report on Monday, April 6th. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, OneMain currently has an average rating of "Moderate Buy" and an average price target of $67.44.

Insiders Place Their Bets

In other OneMain news, COO Micah R. Conrad sold 5,000 shares of OneMain stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $60.00, for a total value of $300,000.00. Following the transaction, the chief operating officer owned 101,250 shares in the company, valued at approximately $6,075,000. The trade was a 4.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.40% of the company's stock.

OneMain Price Performance

OneMain stock opened at $59.41 on Monday. OneMain Holdings, Inc. has a 12-month low of $45.02 and a 12-month high of $71.93. The stock has a market capitalization of $6.96 billion, a PE ratio of 9.04, a price-to-earnings-growth ratio of 0.43 and a beta of 1.30. The firm has a 50 day simple moving average of $54.99 and a 200-day simple moving average of $60.01.

OneMain (NYSE:OMF - Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.04. OneMain had a return on equity of 23.76% and a net margin of 14.35%.The company had revenue of $1.61 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same period last year, the firm earned $1.16 EPS. On average, analysts forecast that OneMain Holdings, Inc. will post 7.5 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 23rd. Investors of record on Tuesday, February 17th were issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date was Tuesday, February 17th. OneMain's payout ratio is presently 63.93%.

OneMain Company Profile

OneMain Financial NYSE: OMF is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.

Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.

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