OneMain Holdings, Inc. (NYSE:OMF) Shares Sold by Patient Capital Management LLC

Patient Capital Management LLC lowered its position in OneMain Holdings, Inc. (NYSE:OMF) by 10.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,263,145 shares of the financial services provider’s stock after selling 150,070 shares during the quarter. OneMain accounts for 3.0% of Patient Capital Management LLC’s investment portfolio, making the stock its 13th biggest position. Patient Capital Management LLC owned 1.06% of OneMain worth $65,848,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC lifted its stake in shares of OneMain by 22.0% in the 3rd quarter. Barclays PLC now owns 100,831 shares of the financial services provider’s stock valued at $4,747,000 after purchasing an additional 18,190 shares in the last quarter. Principal Financial Group Inc. lifted its position in OneMain by 12.1% during the third quarter. Principal Financial Group Inc. now owns 805,256 shares of the financial services provider’s stock valued at $37,903,000 after buying an additional 87,084 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in OneMain during the fourth quarter valued at approximately $26,000. Oak Thistle LLC purchased a new stake in OneMain during the fourth quarter worth approximately $725,000. Finally, Park Avenue Securities LLC increased its position in shares of OneMain by 11.5% in the fourth quarter. Park Avenue Securities LLC now owns 8,784 shares of the financial services provider’s stock worth $458,000 after acquiring an additional 904 shares in the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Insider Activity at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 25,000 shares of OneMain stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $47.49, for a total value of $1,187,250.00. Following the completion of the transaction, the chief executive officer now owns 343,925 shares of the company’s stock, valued at $16,332,998.25. The trade was a 6.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Michael A. Hedlund sold 2,808 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $56.09, for a total transaction of $157,500.72. Following the sale, the senior vice president now owns 15,831 shares of the company’s stock, valued at approximately $887,960.79. The trade was a 15.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 67,808 shares of company stock valued at $3,344,751 over the last three months. 0.45% of the stock is owned by insiders.

OneMain Trading Up 1.1%

OneMain stock opened at $52.37 on Wednesday. OneMain Holdings, Inc. has a 52 week low of $38.00 and a 52 week high of $58.90. The stock has a market cap of $6.23 billion, a P/E ratio of 12.35, a price-to-earnings-growth ratio of 0.44 and a beta of 1.28. The stock has a 50 day moving average of $47.27 and a 200-day moving average of $51.91.

OneMain (NYSE:OMF) last posted its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.17. The firm had revenue of $188.00 million for the quarter, compared to the consensus estimate of $1.16 billion. OneMain had a net margin of 10.19% and a return on equity of 18.39%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.45 EPS. As a group, equities analysts predict 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 will be paid on Friday, May 16th. Investors of record on Friday, May 9th will be paid a $1.04 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $4.16 dividend on an annualized basis and a yield of 7.94%. OneMain’s dividend payout ratio (DPR) is 87.95%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on OMF shares. Royal Bank of Canada upped their price target on shares of OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Stephens reaffirmed an “overweight” rating and issued a $62.00 target price on shares of OneMain in a research report on Monday, February 3rd. JPMorgan Chase & Co. lowered their target price on OneMain from $58.00 to $46.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Evercore ISI initiated coverage on OneMain in a research report on Tuesday, March 25th. They set an “in-line” rating and a $58.00 price target on the stock. Finally, Northland Capmk upgraded OneMain from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 8th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.40.

About OneMain

OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses in the United States. It originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit cards; optional credit insurance products, including life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.