Hsbc Holdings PLC Trims Stake in OneMain Holdings, Inc. (NYSE:OMF)

Hsbc Holdings PLC cut its stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 14.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 114,450 shares of the financial services provider's stock after selling 19,434 shares during the quarter. Hsbc Holdings PLC owned about 0.10% of OneMain worth $5,945,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP lifted its stake in OneMain by 395.9% in the 4th quarter. Wellington Management Group LLP now owns 2,249,762 shares of the financial services provider's stock worth $117,280,000 after purchasing an additional 1,796,054 shares in the last quarter. Norges Bank purchased a new position in shares of OneMain during the 4th quarter valued at $72,936,000. FMR LLC increased its holdings in shares of OneMain by 14.3% in the fourth quarter. FMR LLC now owns 10,835,668 shares of the financial services provider's stock worth $564,863,000 after purchasing an additional 1,352,604 shares during the period. Clearbridge Investments LLC raised its position in shares of OneMain by 54.1% in the fourth quarter. Clearbridge Investments LLC now owns 2,885,961 shares of the financial services provider's stock worth $150,445,000 after buying an additional 1,013,312 shares in the last quarter. Finally, William Blair Investment Management LLC bought a new stake in OneMain during the fourth quarter valued at $46,195,000. 85.82% of the stock is currently owned by institutional investors.

OneMain Price Performance

OneMain stock traded up $1.77 during mid-day trading on Friday, hitting $49.36. The company's stock had a trading volume of 836,709 shares, compared to its average volume of 1,037,693. The business has a 50 day moving average price of $47.50 and a 200-day moving average price of $51.79. OneMain Holdings, Inc. has a 12 month low of $38.00 and a 12 month high of $58.90. The stock has a market cap of $5.88 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 0.44 and a beta of 1.28.

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

OneMain Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 9th will be issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 8.43%. The ex-dividend date is Friday, May 9th. OneMain's dividend payout ratio is 87.95%.

Insider Buying and Selling

In related news, SVP Michael A. Hedlund sold 2,808 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $56.09, for a total value of $157,500.72. Following the sale, the senior vice president now directly owns 15,831 shares of the company's stock, valued at $887,960.79. This trade represents a 15.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas H. Shulman sold 25,000 shares of the company's stock in a transaction that occurred 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 directly 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 disclosure for this sale can be found here. Insiders have sold a total of 67,808 shares of company stock valued at $3,344,751 over the last three months. 0.45% of the stock is owned by company insiders.

Analysts Set New Price Targets

OMF has been the topic of a number of research analyst reports. Evercore ISI started coverage on OneMain in a research note on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 target price on the stock. Royal Bank of Canada raised their target price on shares of OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. cut their price target on shares of OneMain from $58.00 to $46.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Northland Capmk raised shares of OneMain from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Finally, Stephens reaffirmed an "overweight" rating and set a $62.00 price objective on shares of OneMain in a report on Monday, February 3rd. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $58.40.

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.