Hsbc Holdings PLC Cuts Position in OneMain Holdings, Inc. (NYSE:OMF)

Hsbc Holdings PLC trimmed its stake in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 14.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 114,450 shares of the financial services provider's stock after selling 19,434 shares during the period. Hsbc Holdings PLC owned about 0.10% of OneMain worth $5,945,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in OMF. SlateStone Wealth LLC increased its stake in shares of OneMain by 3.2% in the fourth quarter. SlateStone Wealth LLC now owns 7,074 shares of the financial services provider's stock worth $369,000 after acquiring an additional 220 shares during the last quarter. Atria Wealth Solutions Inc. lifted its position in shares of OneMain by 5.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 4,724 shares of the financial services provider's stock worth $246,000 after buying an additional 231 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of OneMain by 4.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,884 shares of the financial services provider's stock valued at $307,000 after acquiring an additional 234 shares during the last quarter. Avitas Wealth Management LLC raised its stake in shares of OneMain by 0.6% in the 4th 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 in the last quarter. Finally, Arizona State Retirement System lifted its holdings in OneMain by 0.8% in the 4th quarter. Arizona State Retirement System now owns 34,784 shares of the financial services provider's stock worth $1,813,000 after purchasing an additional 286 shares during the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the company. Barclays set a $56.00 price objective on OneMain in a research report on Friday, March 14th. Evercore ISI began coverage on shares of OneMain in a research report on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 price target for the company. Northland Securities raised shares of OneMain from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 8th. Royal Bank of Canada raised their price target on OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. Finally, Northland Capmk raised OneMain from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $57.83.

OneMain Stock Performance

Shares of NYSE OMF traded up $0.48 during trading on Thursday, hitting $47.55. 1,108,951 shares of the company traded hands, compared to its average volume of 1,040,188. The business's fifty day moving average is $47.57 and its 200 day moving average is $51.72. The firm has a market capitalization of $5.67 billion, a price-to-earnings ratio of 11.21, a P/E/G ratio of 0.44 and a beta of 1.35. OneMain Holdings, Inc. has a fifty-two week low of $38.00 and a fifty-two week high of $58.90.

OneMain (NYSE:OMF - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.72 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the company posted $1.45 earnings per share. The company's quarterly revenue was up 7.1% on a year-over-year basis. On average, analysts predict that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 9th will be issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.75%. The ex-dividend date of this dividend is Friday, May 9th. OneMain's dividend payout ratio is currently 98.11%.

Insider Transactions at OneMain

In related news, SVP Michael A. Hedlund sold 2,808 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $56.09, for a total transaction of $157,500.72. Following the completion of the sale, the senior vice president now owns 15,831 shares in the company, valued at approximately $887,960.79. This represents a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Douglas H. Shulman sold 25,000 shares of the firm's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $47.49, for a total value of $1,187,250.00. Following the transaction, the chief executive officer now owns 343,925 shares in the company, valued at approximately $16,332,998.25. This trade represents a 6.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 67,808 shares of company stock valued at $3,344,751 over the last three months. Corporate insiders own 0.45% of the company's stock.

About OneMain

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.