OneMain Holdings, Inc. $OMF Stock Position Reduced by Brave Warrior Advisors LLC

Brave Warrior Advisors LLC reduced its position in OneMain Holdings, Inc. (NYSE:OMF) by 1.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,794,270 shares of the financial services provider’s stock after selling 75,815 shares during the period. OneMain comprises about 10.2% of Brave Warrior Advisors LLC’s holdings, making the stock its 3rd largest position. Brave Warrior Advisors LLC owned approximately 0.07% of OneMain worth $440,064,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Root Financial Partners LLC bought a new stake in OneMain during the third quarter valued at about $26,000. Activest Wealth Management boosted its position in shares of OneMain by 1,102.1% during the 3rd quarter. Activest Wealth Management now owns 577 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 529 shares in the last quarter. Bayforest Capital Ltd raised its stake in OneMain by 591.8% during the third quarter. Bayforest Capital Ltd now owns 671 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 574 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of OneMain by 57.5% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 718 shares of the financial services provider’s stock worth $40,000 after buying an additional 262 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in OneMain by 79.4% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 820 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 363 shares during the last quarter. Institutional investors own 85.82% of the company’s stock.

OneMain Stock Performance

OMF opened at $52.03 on Friday. The business’s fifty day moving average is $60.99 and its 200-day moving average is $61.01. The firm has a market cap of $6.10 billion, a P/E ratio of 7.92, a price-to-earnings-growth ratio of 0.38 and a beta of 1.34. OneMain Holdings, Inc. has a 52-week low of $38.00 and a 52-week high of $71.93.

OneMain (NYSE:OMF) last released its earnings results on Thursday, February 5th. The financial services provider reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.04. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.28 billion. OneMain had a return on equity of 23.76% and a net margin of 14.35%.During the same quarter in the previous year, the business posted $1.16 earnings per share. On average, research analysts predict 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 was paid on Monday, February 23rd. Investors of record on Tuesday, February 17th were paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date of this dividend was Tuesday, February 17th. OneMain’s dividend payout ratio (DPR) is currently 63.93%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Citizens Jmp set a $68.00 price objective on OneMain in a research report on Monday, November 24th. Stephens reduced their price target on shares of OneMain to $76.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. TD Cowen restated a “buy” rating on shares of OneMain in a report on Thursday, January 8th. Truist Financial cut their price target on OneMain from $75.00 to $73.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of OneMain in a research report on Monday, November 24th. Eight investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $72.11.

Insider Transactions at OneMain

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

OneMain Profile

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.