Sendero Wealth Management LLC Has $752,000 Position in OneMain Holdings, Inc. (NYSE:OMF)

Sendero Wealth Management LLC lifted its position in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 47.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,388 shares of the financial services provider's stock after acquiring an additional 4,954 shares during the period. Sendero Wealth Management LLC's holdings in OneMain were worth $752,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Barclays PLC raised its holdings in OneMain by 22.0% in the third quarter. Barclays PLC now owns 100,831 shares of the financial services provider's stock worth $4,747,000 after purchasing an additional 18,190 shares during the period. Blue Trust Inc. raised its stake in OneMain by 95.2% during the 4th quarter. Blue Trust Inc. now owns 2,380 shares of the financial services provider's stock worth $124,000 after buying an additional 1,161 shares during the period. KBC Group NV lifted its holdings in OneMain by 44.2% during the fourth quarter. KBC Group NV now owns 5,114 shares of the financial services provider's stock worth $267,000 after acquiring an additional 1,568 shares in the last quarter. Avitas Wealth Management LLC grew its stake in OneMain by 0.6% in the fourth quarter. Avitas Wealth Management LLC now owns 45,432 shares of the financial services provider's stock valued at $2,368,000 after acquiring an additional 256 shares during the period. Finally, Yousif Capital Management LLC grew its stake in OneMain by 11.7% in the fourth quarter. Yousif Capital Management LLC now owns 5,499 shares of the financial services provider's stock valued at $287,000 after acquiring an additional 577 shares during the period. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OMF has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their price objective on OneMain from $58.00 to $46.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company lowered their price objective on shares of OneMain from $57.00 to $53.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Evercore ISI started coverage on shares of OneMain in a research report on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 price objective on the stock. Wall Street Zen upgraded OneMain from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. Finally, Barclays set a $56.00 price target on OneMain in a report on Friday, March 14th. Four 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 company presently has an average rating of "Moderate Buy" and a consensus target price of $58.40.

Insiders Place Their Bets

In related news, COO Micah R. Conrad sold 5,000 shares of OneMain stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $52.21, for a total transaction of $261,050.00. Following the completion of the sale, the chief operating officer now owns 108,007 shares of the company's stock, valued at approximately $5,639,045.47. The trade was a 4.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas H. Shulman sold 40,000 shares of the stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $50.00, for a total transaction of $2,000,000.00. Following the completion of the transaction, the chief executive officer now directly owns 368,925 shares in the company, valued at approximately $18,446,250. This represents a 9.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 70,000 shares of company stock valued at $3,448,300 over the last ninety days. 0.40% of the stock is currently owned by company insiders.

OneMain Trading Up 0.3%

Shares of OMF traded up $0.15 during midday trading on Thursday, reaching $51.86. The stock had a trading volume of 727,135 shares, compared to its average volume of 1,047,965. The firm has a market cap of $6.17 billion, a PE ratio of 12.23, a P/E/G ratio of 0.44 and a beta of 1.28. The firm has a 50 day simple moving average of $48.06 and a 200-day simple moving average of $51.80. OneMain Holdings, Inc. has a one year low of $38.00 and a one year high of $58.90.

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

OneMain Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 8.02%. The ex-dividend date was Friday, May 9th. OneMain's dividend payout ratio is 87.95%.

OneMain 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.