Miller Value Partners LLC Reduces Stake in OneMain Holdings, Inc. $OMF

Miller Value Partners LLC trimmed its stake in OneMain Holdings, Inc. (NYSE:OMF) by 9.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 82,941 shares of the financial services provider’s stock after selling 9,000 shares during the quarter. OneMain makes up 2.0% of Miller Value Partners LLC’s holdings, making the stock its 19th biggest position. Miller Value Partners LLC’s holdings in OneMain were worth $5,603,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of OneMain by 33.5% in the third quarter. JPMorgan Chase & Co. now owns 289,943 shares of the financial services provider’s stock valued at $16,370,000 after purchasing an additional 72,688 shares during the period. Allspring Global Investments Holdings LLC grew its stake in 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 worth $17,945,000 after buying an additional 50,521 shares in the last quarter. American Century Companies Inc. grew its stake in 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 worth $60,156,000 after buying an additional 35,126 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in OneMain in the 3rd quarter worth approximately $1,107,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of OneMain by 1.6% in the 3rd 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 in the last quarter. Institutional investors own 85.82% of the company’s stock.

Insiders Place Their Bets

In related news, COO Micah R. Conrad sold 5,000 shares of the stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $60.00, for a total value of $300,000.00. Following the transaction, the chief operating officer owned 101,250 shares in the company, valued at approximately $6,075,000. This represents a 4.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 0.5%

OMF stock opened at $57.47 on Thursday. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 8.55, a price-to-earnings-growth ratio of 0.43 and a beta of 1.24. OneMain Holdings, Inc. has a twelve month low of $45.78 and a twelve month high of $71.93. The firm’s fifty day simple moving average is $55.88 and its two-hundred day simple moving average is $59.32.

OneMain (NYSE:OMF) last released its quarterly earnings data on Friday, May 1st. The financial services provider reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.09. The company had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.27 billion. OneMain had a net margin of 14.38% and a return on equity of 24.24%. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.72 earnings per share. As a group, equities research analysts expect that OneMain Holdings, Inc. will post 7.38 EPS for the current year.

OneMain Announces Dividend

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

Analyst Upgrades and Downgrades

OMF has been the subject of several analyst reports. TD Cowen reissued a “buy” rating on shares of OneMain in a research report on Monday, May 4th. Royal Bank Of Canada reduced their price objective on shares of OneMain from $73.00 to $70.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. Wells Fargo & Company reduced their price objective on shares of OneMain from $70.00 to $65.00 and set an “equal weight” rating for the company in a research note on Thursday, April 9th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of OneMain from $81.00 to $80.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Finally, Evercore set a $55.00 price objective on shares of OneMain in a report on Tuesday, March 17th. 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 company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $68.30.

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.