Capital International Investors Boosts Position in OneMain Holdings, Inc. $OMF

Capital International Investors raised its position in OneMain Holdings, Inc. (NYSE:OMF) by 0.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 10,376,590 shares of the financial services provider’s stock after purchasing an additional 82,202 shares during the period. Capital International Investors owned about 8.81% of OneMain worth $585,868,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in OMF. Vanguard Group Inc. boosted its position in shares of OneMain by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 11,970,406 shares of the financial services provider’s stock worth $675,849,000 after buying an additional 249,785 shares in the last quarter. Brave Warrior Advisors LLC increased its holdings in OneMain by 7.2% during the 2nd quarter. Brave Warrior Advisors LLC now owns 7,870,085 shares of the financial services provider’s stock valued at $448,595,000 after acquiring an additional 526,449 shares in the last quarter. Dimensional Fund Advisors LP raised its position in OneMain by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 3,980,031 shares of the financial services provider’s stock worth $224,723,000 after acquiring an additional 63,774 shares during the last quarter. Geode Capital Management LLC raised its position in OneMain by 0.7% during the second quarter. Geode Capital Management LLC now owns 2,276,830 shares of the financial services provider’s stock worth $130,075,000 after acquiring an additional 16,469 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of OneMain by 4.0% in the second quarter. State Street Corp now owns 2,162,097 shares of the financial services provider’s stock valued at $123,240,000 after purchasing an additional 82,204 shares in the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Douglas H. Shulman sold 57,500 shares of OneMain stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $68.41, for a total value of $3,933,575.00. Following the completion of the sale, the chief executive officer owned 174,100 shares of the company’s stock, valued at $11,910,181. The trade was a 24.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Micah R. Conrad sold 5,000 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $58.00, for a total value of $290,000.00. Following the completion of the transaction, the chief operating officer owned 106,250 shares of the company’s stock, valued at $6,162,500. The trade was a 4.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.40% of the stock is owned by insiders.

OneMain Price Performance

NYSE:OMF opened at $53.95 on Wednesday. The firm has a market cap of $6.32 billion, a PE ratio of 8.21, a P/E/G ratio of 0.31 and a beta of 1.34. The firm has a 50 day simple moving average of $61.91 and a 200-day simple moving average of $61.18. OneMain Holdings, Inc. has a 1-year low of $38.00 and a 1-year high of $71.93.

OneMain (NYSE:OMF) last announced its earnings results on Thursday, February 5th. The financial services provider reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.04. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.28 billion. OneMain had a net margin of 14.35% and a return on equity of 23.76%. During the same quarter last year, the business earned $1.16 earnings per share. As a group, sell-side analysts expect that OneMain Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

OneMain Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 23rd. Stockholders of record on Tuesday, February 17th were issued a dividend of $1.05 per share. The ex-dividend date was Tuesday, February 17th. This represents a $4.20 annualized dividend and a dividend yield of 7.8%. OneMain’s dividend payout ratio (DPR) is 63.93%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Barclays set a $71.00 price target on shares of OneMain in a research report on Friday, February 6th. Stephens reduced their target price on OneMain to $76.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. Citigroup reiterated a “market outperform” rating on shares of OneMain in a report on Monday, November 24th. Citizens Jmp set a $68.00 price target on OneMain in a research report on Monday, November 24th. Finally, Wells Fargo & Company cut their price target on OneMain from $75.00 to $70.00 and set an “equal weight” rating for the company in a report on Friday, February 6th. Eight equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $72.11.

About OneMain

OneMain Financial (NYSE: OMF) is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.

Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.