Quadrature Capital Ltd Has $1.57 Million Stock Position in OneMain Holdings, Inc. (NYSE:OMF)

Quadrature Capital Ltd lifted its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 8.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,800 shares of the financial services provider’s stock after purchasing an additional 2,533 shares during the period. Quadrature Capital Ltd’s holdings in OneMain were worth $1,566,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in OMF. Vanguard Group Inc. grew its holdings in OneMain by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 11,943,855 shares of the financial services provider’s stock worth $587,638,000 after purchasing an additional 125,032 shares during the period. Brave Warrior Advisors LLC raised its stake in OneMain by 21.1% in the 4th quarter. Brave Warrior Advisors LLC now owns 6,416,800 shares of the financial services provider’s stock valued at $315,707,000 after acquiring an additional 1,118,166 shares during the period. Dimensional Fund Advisors LP lifted its holdings in OneMain by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,921,164 shares of the financial services provider’s stock valued at $143,727,000 after purchasing an additional 78,106 shares during the last quarter. Brandes Investment Partners LP boosted its position in OneMain by 10.2% during the fourth quarter. Brandes Investment Partners LP now owns 1,916,484 shares of the financial services provider’s stock worth $94,291,000 after purchasing an additional 177,993 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in OneMain by 36.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,366,621 shares of the financial services provider’s stock valued at $67,238,000 after buying an additional 367,823 shares during the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

Insider Transactions at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 19,000 shares of OneMain stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $51.37, for a total transaction of $976,030.00. Following the transaction, the chief executive officer now directly owns 451,300 shares of the company’s stock, valued at approximately $23,183,281. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other OneMain news, CEO Douglas H. Shulman sold 19,000 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $51.37, for a total transaction of $976,030.00. Following the completion of the sale, the chief executive officer now directly owns 451,300 shares in the company, valued at approximately $23,183,281. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Michael A. Hedlund sold 3,000 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $48.10, for a total value of $144,300.00. Following the sale, the senior vice president now owns 28,147 shares in the company, valued at approximately $1,353,870.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,500 shares of company stock worth $1,500,055. Company insiders own 0.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on OMF shares. Wells Fargo & Company boosted their price objective on OneMain from $48.00 to $53.00 and gave the stock an “equal weight” rating in a report on Thursday, May 2nd. TD Cowen boosted their price target on OneMain from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. JMP Securities lowered their price objective on OneMain from $62.00 to $59.00 and set a “market outperform” rating on the stock in a research report on Tuesday, June 4th. BMO Capital Markets boosted their target price on shares of OneMain from $48.00 to $50.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. Finally, JPMorgan Chase & Co. upped their price target on shares of OneMain from $51.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, OneMain has a consensus rating of “Moderate Buy” and an average price target of $54.83.

OneMain Stock Up 0.6 %

Shares of OMF opened at $48.29 on Wednesday. The stock has a market cap of $5.79 billion, a PE ratio of 9.41, a PEG ratio of 0.72 and a beta of 1.59. OneMain Holdings, Inc. has a 12-month low of $35.00 and a 12-month high of $53.65. The business has a 50-day simple moving average of $49.16 and a two-hundred day simple moving average of $48.29.

OneMain (NYSE:OMF) last released its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.07. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $907.93 million. OneMain had a return on equity of 20.78% and a net margin of 13.29%. During the same quarter in the prior year, the firm posted $1.46 earnings per share. On average, equities research analysts expect that OneMain Holdings, Inc. will post 5.57 EPS for the current year.

OneMain Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Friday, May 10th were paid a dividend of $1.04 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $4.16 annualized dividend and a dividend yield of 8.61%. This is an increase from OneMain’s previous quarterly dividend of $1.00. OneMain’s dividend payout ratio (DPR) is presently 81.09%.

OneMain Profile

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.