Hsbc Holdings PLC Reduces Holdings in OneMain Holdings, Inc. $OMF

Key Points

• Hsbc Holdings PLC reduced its stake in OneMain Holdings, Inc. by 13.7%, owning approximately 0.08% of the company after selling 15,729 shares.
• OneMain reported an earnings per share (EPS) of $1.45 for the last quarter, exceeding estimates of $1.25, and a revenue of $1.20 billion, up 7.1% year-over-year.
• The company announced a quarterly dividend of $1.04, translating to an annual yield of 6.9%, with a current payout ratio of 75.09%.

Hsbc Holdings PLC lowered its position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 13.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,721 shares of the financial services provider's stock after selling 15,729 shares during the period. Hsbc Holdings PLC owned approximately 0.08% of OneMain worth $4,802,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in OMF. Alpine Bank Wealth Management bought a new stake in shares of OneMain in the 1st quarter worth $27,000. Headlands Technologies LLC bought a new stake in shares of OneMain in the 1st quarter worth $46,000. GAMMA Investing LLC grew its stake in shares of OneMain by 191.9% in the first quarter. GAMMA Investing LLC now owns 1,007 shares of the financial services provider's stock worth $49,000 after acquiring an additional 662 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of OneMain in the first quarter worth $54,000. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of OneMain in the fourth quarter worth $57,000. Institutional investors own 85.82% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on OMF shares. Barclays upped their price target on shares of OneMain from $48.00 to $56.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. Wells Fargo & Company initiated coverage on shares of OneMain in a report on Monday, August 25th. They set an "equal weight" rating for the company. Finally, JPMorgan Chase & Co. upped their price objective on OneMain from $50.00 to $63.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $61.50.

Insiders Place Their Bets

In related news, COO Micah R. Conrad sold 4,000 shares of OneMain stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $58.02, for a total value of $232,080.00. Following the completion of the transaction, the chief operating officer owned 101,007 shares in the company, valued at approximately $5,860,426.14. This trade represents a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas H. Shulman sold 35,000 shares of OneMain stock in a transaction dated Tuesday, July 29th. The stock was 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 owned 275,100 shares of the company's stock, valued at approximately $16,360,197. This represents a 11.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 65,000 shares of company stock valued at $3,715,340 over the last three months. Corporate insiders own 0.40% of the company's stock.

OneMain Trading Up 0.4%

OMF traded up $0.26 during trading on Friday, hitting $61.85. 642,396 shares of the company traded hands, compared to its average volume of 794,299. The company has a market cap of $7.35 billion, a PE ratio of 11.16, a P/E/G ratio of 0.48 and a beta of 1.30. The stock's 50-day simple moving average is $58.04 and its two-hundred day simple moving average is $52.66. OneMain Holdings, Inc. has a 1 year low of $38.00 and a 1 year high of $62.02.

OneMain (NYSE:OMF - Get Free Report) last released its quarterly earnings results on Friday, July 25th. The financial services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.20. The business had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.19 billion. OneMain had a return on equity of 20.65% and a net margin of 12.63%.The firm's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.02 EPS. Equities analysts expect that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 13th. Shareholders of record on Monday, August 4th were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend was Monday, August 4th. OneMain's dividend payout ratio (DPR) is presently 75.09%.

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.