Azora Capital LP Has $92.07 Million Holdings in OneMain Holdings, Inc. $OMF

Azora Capital LP raised its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 210.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,362,934 shares of the financial services provider’s stock after purchasing an additional 924,302 shares during the quarter. OneMain makes up about 5.8% of Azora Capital LP’s investment portfolio, making the stock its 5th largest position. Azora Capital LP’s holdings in OneMain were worth $92,066,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in shares of OneMain by 33.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 289,943 shares of the financial services provider’s stock valued at $16,370,000 after buying an additional 72,688 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of OneMain by 24.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 259,803 shares of the financial services provider’s stock valued at $17,945,000 after buying an additional 50,521 shares during the period. American Century Companies Inc. increased its stake in shares of OneMain by 3.4% in the 3rd quarter. American Century Companies Inc. now owns 1,065,463 shares of the financial services provider’s stock valued at $60,156,000 after buying an additional 35,126 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in shares of OneMain during the third quarter worth $1,107,000. Finally, Dimensional Fund Advisors LP increased its holdings in OneMain by 1.6% in the third quarter. Dimensional Fund Advisors LP now owns 3,980,031 shares of the financial services provider’s stock valued at $224,723,000 after purchasing an additional 63,774 shares during the last quarter. Institutional investors own 85.82% of the company’s stock.

Analyst Upgrades and Downgrades

OMF has been the subject of a number of recent analyst reports. Royal Bank Of Canada dropped their price objective on OneMain from $73.00 to $70.00 and set an “outperform” rating for the company in a report on Monday, May 4th. TD Cowen reiterated a “buy” rating on shares of OneMain in a report on Monday, May 4th. Evercore set a $55.00 price objective on OneMain in a report on Tuesday, March 17th. Wells Fargo & Company dropped their price objective on OneMain from $70.00 to $65.00 and set an “equal weight” rating for the company in a report on Thursday, April 9th. Finally, Barclays dropped their price objective on OneMain from $62.00 to $61.00 and set an “equal weight” rating for the company in a report on Monday, May 4th. Eight equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, OneMain currently has an average rating of “Moderate Buy” and a consensus target price of $68.30.

Insider Activity at OneMain

In other news, COO Micah R. Conrad sold 5,000 shares of the business’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $60.00, for a total value of $300,000.00. Following the sale, the chief operating officer directly owned 101,250 shares in the company, valued at $6,075,000. The trade was a 4.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is currently owned by company insiders.

OneMain Trading Down 0.5%

NYSE:OMF opened at $57.47 on Thursday. OneMain Holdings, Inc. has a 1 year low of $45.78 and a 1 year high of $71.93. The stock has a market cap of $6.64 billion, a price-to-earnings ratio of 8.55, a PEG ratio of 0.43 and a beta of 1.24. The stock has a 50-day moving average price of $55.88 and a two-hundred day moving average price of $59.32.

OneMain (NYSE:OMF) last posted its earnings results on Friday, May 1st. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.27 billion. During the same period in the previous year, the firm earned $1.72 earnings per share. The company’s revenue was up 6.7% on a year-over-year basis. Sell-side analysts forecast that OneMain Holdings, Inc. will post 7.38 earnings per share for the current year.

OneMain Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 11th were issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date was Monday, May 11th. OneMain’s payout ratio is 62.50%.

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.