OneMain Holdings, Inc. $OMF Shares Sold by Sanctuary Advisors LLC

Key Points

• Sanctuary Advisors LLC cut its stake in OneMain Holdings by 70.7% in Q4, selling 23,564 shares and retaining 9,759 shares worth about $659,000.
• OneMain beat expectations last quarter with EPS of $1.95 versus $1.86 expected and revenue of $1.58B (vs. $1.27B est.), reporting a 24.24% ROE and a 14.38% net margin.
• The company declared a quarterly dividend of $1.05 ($4.20 annualized), a 7.6% yield, with an ex-dividend date of May 11 and payment on May 15.

Sanctuary Advisors LLC cut its stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 70.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,759 shares of the financial services provider's stock after selling 23,564 shares during the quarter. Sanctuary Advisors LLC's holdings in OneMain were worth $659,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Root Financial Partners LLC purchased a new stake in shares of OneMain in the third quarter valued at about $26,000. Activest Wealth Management raised its stake in OneMain by 1,102.1% during the third quarter. Activest Wealth Management now owns 577 shares of the financial services provider's stock worth $33,000 after purchasing an additional 529 shares during the period. Bayforest Capital Ltd boosted its holdings in OneMain by 591.8% in the 3rd quarter. Bayforest Capital Ltd now owns 671 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 574 shares during the last quarter. Spire Wealth Management grew its stake in shares of OneMain by 83.2% in the 4th quarter. Spire Wealth Management now owns 700 shares of the financial services provider's stock valued at $47,000 after buying an additional 318 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of OneMain by 57.5% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 718 shares of the financial services provider's stock valued at $40,000 after buying an additional 262 shares during the period. Hedge funds and other institutional investors own 85.82% of the company's stock.

OneMain Stock Down 0.5%

OMF opened at $55.62 on Friday. OneMain Holdings, Inc. has a 52 week low of $45.78 and a 52 week high of $71.93. The business has a fifty day simple moving average of $55.12 and a 200-day simple moving average of $60.16. The firm has a market cap of $6.43 billion, a P/E ratio of 8.28, a P/E/G ratio of 0.41 and a beta of 1.27.

OneMain (NYSE:OMF - Get Free Report) last posted its earnings results on Friday, May 1st. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.09. OneMain had a return on equity of 24.24% and a net margin of 14.38%.The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the company earned $1.72 EPS. OneMain's revenue was up 6.7% on a year-over-year basis. Sell-side analysts expect that OneMain Holdings, Inc. will post 7.39 earnings per share for the current year.

OneMain Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, May 11th will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 7.6%. The ex-dividend date of this dividend is Monday, May 11th. OneMain's dividend payout ratio is currently 62.50%.

Insider Activity

In other news, COO Micah R. Conrad sold 5,000 shares of the firm's 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 completion of the transaction, the chief operating officer owned 101,250 shares of the company's stock, valued at approximately $6,075,000. This trade represents a 4.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.40% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on OMF. Barclays decreased their price objective on OneMain from $62.00 to $61.00 and set an "equal weight" rating on the stock in a report on Monday. BTIG Research reissued a "neutral" rating on shares of OneMain in a research note on Thursday, April 16th. Wall Street Zen downgraded OneMain from a "buy" rating to a "hold" rating in a research report on Sunday, January 18th. Evercore set a $55.00 price target on OneMain in a report on Tuesday, March 17th. Finally, Wells Fargo & Company lowered their price target on OneMain from $70.00 to $65.00 and set an "equal weight" rating for the company in a report on Thursday, April 9th. Eight research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $68.30.

About OneMain

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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