OneMain Holdings, Inc. $OMF is Brave Warrior Advisors LLC’s 3rd Largest Position

Brave Warrior Advisors LLC trimmed its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 1.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,794,270 shares of the financial services provider’s stock after selling 75,815 shares during the period. OneMain comprises 10.2% of Brave Warrior Advisors LLC’s holdings, making the stock its 3rd largest position. Brave Warrior Advisors LLC owned approximately 6.62% of OneMain worth $440,064,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in OneMain by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 11,970,406 shares of the financial services provider’s stock worth $675,849,000 after buying an additional 249,785 shares in the last quarter. Capital International Investors boosted its position 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 acquiring an additional 82,202 shares during the last quarter. Dimensional Fund Advisors LP grew 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 buying an additional 63,774 shares during the period. Geode Capital Management LLC grew its position in OneMain by 0.7% in the second quarter. Geode Capital Management LLC now owns 2,276,830 shares of the financial services provider’s stock worth $130,075,000 after acquiring an additional 16,469 shares during the period. Finally, State Street Corp increased its position in shares of OneMain by 4.0% during the 2nd quarter. State Street Corp now owns 2,162,097 shares of the financial services provider’s stock worth $123,240,000 after purchasing an additional 82,204 shares during the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OMF has been the topic of several research reports. Citigroup reissued a “market outperform” rating on shares of OneMain in a research report on Monday, November 24th. Weiss Ratings restated a “buy (b-)” rating on shares of OneMain in a research report on Monday, December 29th. JPMorgan Chase & Co. cut their price target on OneMain from $65.00 to $63.00 and set an “underweight” rating on the stock in a research report on Friday, February 6th. Wall Street Zen downgraded shares of OneMain from a “buy” rating to a “hold” rating in a research note on Sunday, January 18th. Finally, Stephens lowered their price objective on shares of OneMain to $76.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Eight analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $72.11.

OneMain Stock Down 1.2%

OMF stock opened at $52.03 on Friday. The stock has a market capitalization of $6.10 billion, a price-to-earnings ratio of 7.92, a price-to-earnings-growth ratio of 0.38 and a beta of 1.34. The stock’s fifty day simple moving average is $60.99 and its 200-day simple moving average is $61.01. 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 quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.04. OneMain had a return on equity of 23.76% and a net margin of 14.35%.The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the firm posted $1.16 EPS. As a group, analysts anticipate that OneMain Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 23rd. Investors of record on Tuesday, February 17th were paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date was Tuesday, February 17th. OneMain’s dividend payout ratio (DPR) is 63.93%.

Insider Buying and Selling

In other OneMain news, COO Micah R. Conrad sold 5,000 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $58.00, for a total transaction of $290,000.00. Following the completion of the sale, the chief operating officer owned 106,250 shares in the company, valued at $6,162,500. The trade was a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 sale, the chief executive officer owned 174,100 shares in the company, valued at $11,910,181. The trade was a 24.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.40% of the stock is currently owned by insiders.

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.