OneMain Holdings, Inc. (NYSE:OMF) Shares Bought by Royal Bank of Canada

Royal Bank of Canada increased its holdings in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 47.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 901,176 shares of the financial services provider's stock after acquiring an additional 290,323 shares during the quarter. Royal Bank of Canada owned approximately 0.76% of OneMain worth $46,979,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Albion Financial Group UT purchased a new stake in shares of OneMain during the fourth quarter valued at about $26,000. IFP Advisors Inc lifted its position in shares of OneMain by 180.0% during the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock valued at $40,000 after buying an additional 495 shares during the last quarter. Richardson Financial Services Inc. purchased a new stake in shares of OneMain during the fourth quarter valued at about $44,000. R Squared Ltd purchased a new stake in shares of OneMain during the fourth quarter valued at about $44,000. Finally, SRS Capital Advisors Inc. lifted its position in shares of OneMain by 177.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,389 shares of the financial services provider's stock valued at $72,000 after buying an additional 889 shares during the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 25,000 shares of OneMain stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $47.49, for a total transaction of $1,187,250.00. Following the sale, the chief executive officer now owns 343,925 shares of the company's stock, valued at $16,332,998.25. The trade was a 6.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.40% of the stock is owned by corporate insiders.

OneMain Stock Up 2.8%

Shares of NYSE:OMF traded up $1.43 during trading on Tuesday, hitting $51.62. 97,134 shares of the stock traded hands, compared to its average volume of 1,041,738. The company has a market cap of $6.14 billion, a price-to-earnings ratio of 12.17, a P/E/G ratio of 0.44 and a beta of 1.28. The company has a fifty day moving average price of $47.87 and a two-hundred day moving average price of $51.90. OneMain Holdings, Inc. has a 52-week low of $38.00 and a 52-week high of $58.90.

OneMain (NYSE:OMF - Get Free Report) last posted its earnings results on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.17. OneMain had a net margin of 10.19% and a return on equity of 18.39%. The firm had revenue of $188.00 million during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the firm earned $1.45 EPS. The business's quarterly revenue was up 7.1% on a year-over-year basis. On average, equities research analysts predict that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 9th were paid a $1.04 dividend. The ex-dividend date was Friday, May 9th. This represents a $4.16 dividend on an annualized basis and a yield of 8.06%. OneMain's dividend payout ratio is currently 87.95%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of OneMain from $58.00 to $46.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Northland Securities upgraded shares of OneMain from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 8th. Wall Street Zen upgraded shares of OneMain from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. Wells Fargo & Company cut their price objective on shares of OneMain from $57.00 to $53.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Finally, Evercore ISI began coverage on shares of OneMain in a report on Tuesday, March 25th. They set an "in-line" rating and a $58.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $58.40.

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.