Y Intercept Hong Kong Ltd Sells 8,120 Shares of OneMain Holdings, Inc. $OMF

Y Intercept Hong Kong Ltd lowered its stake in OneMain Holdings, Inc. (NYSE:OMF) by 15.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,888 shares of the financial services provider’s stock after selling 8,120 shares during the period. Y Intercept Hong Kong Ltd’s holdings in OneMain were worth $2,534,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Root Financial Partners LLC bought a new stake in shares of OneMain during the 3rd quarter valued at about $26,000. Bayforest Capital Ltd lifted its holdings in OneMain by 591.8% in the third quarter. Bayforest Capital Ltd now owns 671 shares of the financial services provider’s stock worth $38,000 after buying an additional 574 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in OneMain by 79.4% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 820 shares of the financial services provider’s stock worth $47,000 after buying an additional 363 shares during the period. Parkside Financial Bank & Trust boosted its position in OneMain by 1,117.8% during the 3rd quarter. Parkside Financial Bank & Trust now owns 889 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 816 shares in the last quarter. Finally, Golden State Wealth Management LLC grew its holdings in shares of OneMain by 2,940.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 912 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 882 shares during the period. 85.82% of the stock is owned by hedge funds and other institutional investors.

OneMain Stock Performance

Shares of NYSE OMF opened at $65.90 on Wednesday. OneMain Holdings, Inc. has a 52-week low of $38.00 and a 52-week high of $71.93. The company has a market cap of $7.76 billion, a PE ratio of 11.17, a P/E/G ratio of 0.37 and a beta of 1.33. The firm’s 50 day moving average price is $65.97 and its 200-day moving average price is $60.99.

OneMain (NYSE:OMF) last announced its quarterly earnings data on Friday, October 31st. The financial services provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.58 by $0.32. OneMain had a return on equity of 22.70% and a net margin of 13.15%.The company had revenue of $747.00 million for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the prior year, the company posted $1.31 EPS. On average, analysts forecast that OneMain Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

OneMain Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 10th were issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date was Monday, November 10th. This is a positive change from OneMain’s previous quarterly dividend of $1.04. OneMain’s dividend payout ratio (DPR) is 71.19%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on OMF shares. JMP Securities set a $68.00 price target on OneMain in a research report on Monday, November 24th. Truist Financial started coverage on OneMain in a research report on Monday, December 8th. They set a “buy” rating and a $75.00 price objective for the company. Wells Fargo & Company upped their target price on shares of OneMain from $63.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, January 5th. Citizens Jmp decreased their price target on shares of OneMain from $70.00 to $68.00 and set a “market outperform” rating for the company in a research note on Monday, November 24th. Finally, Barclays boosted their price objective on shares of OneMain from $56.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 6th. Nine analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, OneMain has a consensus rating of “Moderate Buy” and an average price target of $71.30.

Insider Buying and Selling at OneMain

In related news, CEO Douglas H. Shulman sold 57,500 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer owned 174,100 shares of the company’s stock, valued at $11,910,181. This represents 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 through the SEC website. Also, SVP Michael A. Hedlund sold 652 shares of OneMain stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $62.00, for a total value of $40,424.00. Following the sale, the senior vice president directly owned 15,179 shares of the company’s stock, valued at approximately $941,098. This trade represents a 4.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 98,152 shares of company stock valued at $6,353,899 in the last three months. Company insiders own 0.40% of the company’s stock.

OneMain Company 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.