OneMain Holdings, Inc. $OMF Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC cut its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 21.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,815,808 shares of the financial services provider’s stock after selling 497,501 shares during the period. Clearbridge Investments LLC’s holdings in OneMain were worth $122,658,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Syon Capital LLC acquired a new position in OneMain during the fourth quarter worth $287,000. Parallel Advisors LLC raised its position in OneMain by 4.0% during the fourth quarter. Parallel Advisors LLC now owns 8,473 shares of the financial services provider’s stock worth $572,000 after acquiring an additional 322 shares during the period. Prudential PLC raised its position in OneMain by 114.0% during the fourth quarter. Prudential PLC now owns 9,027 shares of the financial services provider’s stock worth $610,000 after acquiring an additional 4,808 shares during the period. Vise Technologies Inc. raised its position in OneMain by 66.2% during the fourth quarter. Vise Technologies Inc. now owns 6,077 shares of the financial services provider’s stock worth $411,000 after acquiring an additional 2,420 shares during the period. Finally, State of Wyoming raised its position in OneMain by 10.4% during the fourth quarter. State of Wyoming now owns 7,557 shares of the financial services provider’s stock worth $510,000 after acquiring an additional 711 shares during the period. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at OneMain

In related news, COO Micah R. Conrad sold 5,000 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were 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. This trade represents a 4.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Barclays decreased their price target on shares of OneMain from $62.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Monday, May 4th. Royal Bank Of Canada decreased their price target on shares of OneMain from $73.00 to $70.00 and set an “outperform” rating on the stock in a research note on Monday, May 4th. TD Cowen reissued a “buy” rating on shares of OneMain in a research note on Monday, May 4th. BTIG Research reissued a “neutral” rating on shares of OneMain in a research note on Thursday, April 16th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of OneMain from $81.00 to $80.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, OneMain presently has an average rating of “Moderate Buy” and an average price target of $68.30.

OneMain Trading Up 0.1%

NYSE:OMF opened at $55.41 on Monday. OneMain Holdings, Inc. has a twelve month low of $45.78 and a twelve month high of $71.93. The company has a market cap of $6.40 billion, a P/E ratio of 8.25, a P/E/G ratio of 0.41 and a beta of 1.24. The company’s 50-day moving average price is $55.42 and its 200-day moving average price is $59.51.

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

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 11th were given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 7.6%. The ex-dividend date was Monday, May 11th. OneMain’s dividend payout ratio (DPR) is presently 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.