Hohimer Wealth Management LLC Boosts Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Hohimer Wealth Management LLC grew its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 11.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,465 shares of the financial services provider’s stock after purchasing an additional 3,707 shares during the period. Hohimer Wealth Management LLC’s holdings in OneMain were worth $1,843,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. grew its position in shares of OneMain by 49.9% during the fourth quarter. Blue Trust Inc. now owns 730 shares of the financial services provider’s stock worth $36,000 after buying an additional 243 shares in the last quarter. Quadrant Capital Group LLC grew its position in shares of OneMain by 21.8% during the fourth quarter. Quadrant Capital Group LLC now owns 1,405 shares of the financial services provider’s stock worth $69,000 after buying an additional 251 shares in the last quarter. Allworth Financial LP grew its position in shares of OneMain by 25.4% during the fourth quarter. Allworth Financial LP now owns 1,339 shares of the financial services provider’s stock worth $66,000 after buying an additional 271 shares in the last quarter. Alps Advisors Inc. grew its position in shares of OneMain by 2.0% during the third quarter. Alps Advisors Inc. now owns 14,283 shares of the financial services provider’s stock worth $573,000 after buying an additional 275 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its position in shares of OneMain by 0.5% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 53,742 shares of the financial services provider’s stock worth $2,155,000 after buying an additional 290 shares in the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Insider Activity

In other news, COO Micah R. Conrad sold 7,500 shares of the company’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $50.63, for a total value of $379,725.00. Following the transaction, the chief operating officer now owns 119,525 shares in the company, valued at approximately $6,051,550.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, COO Micah R. Conrad sold 7,500 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $50.63, for a total value of $379,725.00. Following the transaction, the chief operating officer now owns 119,525 shares in the company, valued at $6,051,550.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas H. Shulman sold 19,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $51.37, for a total value of $976,030.00. Following the completion of the transaction, the chief executive officer now owns 451,300 shares in the company, valued at approximately $23,183,281. The disclosure for this sale can be found here. 0.45% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on OMF. BMO Capital Markets raised their price target on shares of OneMain from $48.00 to $50.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. TD Cowen lifted their price objective on shares of OneMain from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Barclays decreased their price objective on shares of OneMain from $57.00 to $54.00 and set an “overweight” rating for the company in a report on Thursday, February 8th. Stephens decreased their price objective on shares of OneMain from $61.00 to $57.00 and set an “overweight” rating for the company in a report on Thursday, February 8th. Finally, Wells Fargo & Company upped their price target on shares of OneMain from $48.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 2nd. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.62.

OneMain Trading Down 1.0 %

OMF stock traded down $0.48 during trading on Thursday, hitting $47.73. The company had a trading volume of 478,576 shares, compared to its average volume of 1,025,132. The firm has a market capitalization of $5.72 billion, a price-to-earnings ratio of 9.40, a P/E/G ratio of 0.68 and a beta of 1.63. The business has a 50 day moving average of $49.73 and a 200 day moving average of $47.00. OneMain Holdings, Inc. has a fifty-two week low of $35.00 and a fifty-two week high of $53.65.

OneMain (NYSE:OMF) last posted its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.07. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $907.93 million. OneMain had a net margin of 13.29% and a return on equity of 20.78%. During the same quarter in the prior year, the company posted $1.46 earnings per share. As a group, equities analysts predict that OneMain Holdings, Inc. will post 5.67 EPS for the current year.

OneMain Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Friday, May 10th were issued a $1.04 dividend. This is an increase from OneMain’s previous quarterly dividend of $1.00. The ex-dividend date was Thursday, May 9th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.72%. OneMain’s dividend payout ratio is currently 81.09%.

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.