OneMain Holdings, Inc. $OMF Stake Reduced by PB Investment Partners L.P.

Key Points

• PB Investment Partners L.P. has reduced its stake in OneMain Holdings, Inc. by 3.2%, now owning 316,721 shares valued at approximately $18 million, making it the fund's 4th largest holding.
• OneMain recently reported earnings of $1.45 per share, exceeding analysts' expectations and showing a year-over-year revenue increase of 7.1%.
• The company announced a quarterly dividend of $1.04 per share, which translates to an annualized dividend yield of 7.6%.

PB Investment Partners L.P. lowered its position in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 3.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 316,721 shares of the financial services provider's stock after selling 10,454 shares during the period. OneMain makes up approximately 12.3% of PB Investment Partners L.P.'s investment portfolio, making the stock its 4th largest holding. PB Investment Partners L.P. owned 0.27% of OneMain worth $18,053,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of OMF. Farther Finance Advisors LLC boosted its position in OneMain by 198.2% in the first quarter. Farther Finance Advisors LLC now owns 1,670 shares of the financial services provider's stock valued at $82,000 after buying an additional 1,110 shares during the last quarter. GAMMA Investing LLC boosted its position in OneMain by 191.9% in the first quarter. GAMMA Investing LLC now owns 1,007 shares of the financial services provider's stock valued at $49,000 after buying an additional 662 shares during the last quarter. SG Americas Securities LLC boosted its position in OneMain by 171.9% in the first quarter. SG Americas Securities LLC now owns 10,874 shares of the financial services provider's stock valued at $532,000 after buying an additional 6,875 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in OneMain by 8.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 14,269 shares of the financial services provider's stock worth $697,000 after purchasing an additional 1,147 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its position in OneMain by 6.6% in the 1st quarter. QRG Capital Management Inc. now owns 69,807 shares of the financial services provider's stock worth $3,412,000 after purchasing an additional 4,330 shares in the last quarter. Hedge funds and other institutional investors own 85.82% of the company's stock.

OneMain Price Performance

Shares of NYSE:OMF opened at $55.08 on Thursday. OneMain Holdings, Inc. has a 1 year low of $38.00 and a 1 year high of $63.24. The firm has a market capitalization of $6.55 billion, a price-to-earnings ratio of 9.94, a price-to-earnings-growth ratio of 0.45 and a beta of 1.32. The business's 50 day moving average price is $58.64 and its 200-day moving average price is $54.33.

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

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 13th. Stockholders of record on Monday, August 4th were given a dividend of $1.04 per share. The ex-dividend date was Monday, August 4th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.6%. OneMain's dividend payout ratio (DPR) is 75.09%.

Wall Street Analyst Weigh In

OMF has been the topic of several recent research reports. Wall Street Zen lowered OneMain from a "buy" rating to a "hold" rating in a research report on Saturday, October 11th. Citigroup restated an "outperform" rating on shares of OneMain in a research report on Monday. Barclays upped their price objective on OneMain from $48.00 to $56.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Wells Fargo & Company initiated coverage on OneMain in a research report on Monday, August 25th. They issued an "equal weight" rating on the stock. Finally, JMP Securities lowered their price objective on OneMain from $65.00 to $63.00 and set a "market outperform" rating on the stock in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $60.50.

Insider Activity

In related news, CEO Douglas H. Shulman sold 35,000 shares of the stock in a transaction on 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 directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is 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.

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