Aviance Capital Partners LLC Increases Stock Position in OneMain Holdings, Inc. (NYSE:OMF)

Aviance Capital Partners LLC increased its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 1.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,724 shares of the financial services provider’s stock after purchasing an additional 352 shares during the period. Aviance Capital Partners LLC’s holdings in OneMain were worth $1,365,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Peak Financial Advisors LLC acquired a new position in shares of OneMain in the first quarter valued at approximately $340,000. FCF Advisors LLC grew its position in OneMain by 29.9% in the 1st quarter. FCF Advisors LLC now owns 14,781 shares of the financial services provider’s stock valued at $755,000 after buying an additional 3,405 shares during the last quarter. Fulton Bank N.A. raised its position in OneMain by 5.2% during the 1st quarter. Fulton Bank N.A. now owns 6,707 shares of the financial services provider’s stock worth $343,000 after buying an additional 329 shares during the last quarter. Alaska Permanent Fund Corp raised its position in OneMain by 1.1% during the 1st quarter. Alaska Permanent Fund Corp now owns 54,831 shares of the financial services provider’s stock worth $2,801,000 after buying an additional 609 shares during the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in shares of OneMain in the fourth quarter valued at about $9,139,000. Institutional investors and hedge funds own 85.82% of the company’s stock.

OneMain Price Performance

Shares of OMF opened at $48.26 on Tuesday. OneMain Holdings, Inc. has a 1-year low of $35.00 and a 1-year high of $53.65. The stock has a market cap of $5.78 billion, a price-to-earnings ratio of 9.41, a price-to-earnings-growth ratio of 0.72 and a beta of 1.58. The firm has a 50 day simple moving average of $49.31 and a 200-day simple moving average of $48.53.

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

OneMain Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, May 10th were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 8.62%. This is a positive change from OneMain’s previous quarterly dividend of $1.00. The ex-dividend date was Thursday, May 9th. OneMain’s dividend payout ratio is 81.09%.

Analyst Ratings Changes

A number of brokerages recently commented on OMF. TD Cowen raised their price objective on shares of OneMain from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Wells Fargo & Company lifted their price target on OneMain from $48.00 to $53.00 and gave the company an “equal weight” rating in a research note on Thursday, May 2nd. JPMorgan Chase & Co. raised their target price on OneMain from $51.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. JMP Securities decreased their target price on shares of OneMain from $62.00 to $59.00 and set a “market outperform” rating on the stock in a research report on Tuesday, June 4th. Finally, Royal Bank of Canada increased their price target on shares of OneMain from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Monday, April 1st. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $54.83.

Insiders Place Their Bets

In related news, SVP Michael A. Hedlund sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $48.10, for a total transaction of $144,300.00. Following the transaction, the senior vice president now owns 28,147 shares of the company’s stock, valued at $1,353,870.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Michael A. Hedlund sold 3,000 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $48.10, for a total value of $144,300.00. Following the completion of the transaction, the senior vice president now directly owns 28,147 shares in the company, valued at $1,353,870.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas H. Shulman sold 19,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $51.37, for a total value 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 $23,183,281. The disclosure for this sale can be found here. Insiders have sold 29,500 shares of company stock valued at $1,500,055 in the last ninety days. Insiders own 0.45% of the company’s stock.

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.