OneMain Holdings, Inc. $OMF is PB Investment Partners L.P.’s 4th Largest Position

PB Investment Partners L.P. lowered its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 7.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 294,421 shares of the financial services provider’s stock after selling 22,300 shares during the period. OneMain comprises about 12.6% of PB Investment Partners L.P.’s portfolio, making the stock its 4th largest holding. PB Investment Partners L.P.’s holdings in OneMain were worth $19,888,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of OneMain by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 11,970,406 shares of the financial services provider’s stock valued at $675,849,000 after buying an additional 249,785 shares during the last quarter. Capital International Investors raised its stake in shares of OneMain by 0.8% during the 3rd quarter. Capital International Investors now owns 10,376,590 shares of the financial services provider’s stock valued at $585,868,000 after buying an additional 82,202 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of OneMain by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,033,871 shares of the financial services provider’s stock valued at $272,490,000 after buying an additional 53,840 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of OneMain by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,422,562 shares of the financial services provider’s stock valued at $164,017,000 after buying an additional 15,941 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of OneMain by 17.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,310,513 shares of the financial services provider’s stock valued at $156,075,000 after buying an additional 345,269 shares during the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Insider Buying and Selling

In other OneMain news, COO Micah R. Conrad sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $60.00, for a total transaction of $300,000.00. Following the completion of the sale, the chief operating officer directly owned 101,250 shares in the company, valued at approximately $6,075,000. The trade was a 4.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.29% of the company’s stock.

OneMain Stock Down 0.1%

Shares of OneMain stock opened at $56.67 on Monday. OneMain Holdings, Inc. has a twelve month low of $45.78 and a twelve month high of $71.93. The business has a 50-day moving average price of $55.69 and a 200 day moving average price of $59.41. The firm has a market cap of $6.55 billion, a PE ratio of 8.43, a P/E/G ratio of 0.42 and a beta of 1.24.

OneMain (NYSE:OMF) last announced its quarterly earnings results on Friday, May 1st. The financial services provider reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.09. OneMain had a return on equity of 24.24% and a net margin of 14.38%.The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the business earned $1.72 EPS. OneMain’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, sell-side analysts expect that OneMain Holdings, Inc. will post 7.38 EPS for the current year.

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 11th were paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 7.4%. The ex-dividend date was Monday, May 11th. OneMain’s payout ratio is 62.50%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on OMF shares. BTIG Research reiterated a “neutral” rating on shares of OneMain in a research note on Thursday, April 16th. Wells Fargo & Company reduced their price objective on OneMain from $70.00 to $65.00 and set an “equal weight” rating for the company in a research note on Thursday, April 9th. Barclays reduced their price objective on OneMain from $62.00 to $61.00 and set an “equal weight” rating for the company in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft cut their price target on OneMain from $81.00 to $80.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. cut their price target on OneMain from $63.00 to $55.00 and set an “underweight” rating for the company in a research note on Thursday, April 9th. Eight analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, OneMain currently has an average rating of “Moderate Buy” and a consensus price target of $68.30.

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.