Azora Capital LP Acquires 143,207 Shares of OneMain Holdings, Inc. $OMF

Azora Capital LP grew its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 48.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 438,632 shares of the financial services provider’s stock after buying an additional 143,207 shares during the quarter. Azora Capital LP owned approximately 0.37% of OneMain worth $24,765,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in OMF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of OneMain during the first quarter valued at approximately $2,037,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in OneMain by 2.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 442,598 shares of the financial services provider’s stock worth $21,634,000 after acquiring an additional 9,067 shares during the period. Focus Partners Wealth boosted its holdings in OneMain by 101.8% in the first quarter. Focus Partners Wealth now owns 8,737 shares of the financial services provider’s stock valued at $427,000 after acquiring an additional 4,407 shares in the last quarter. Bank of Montreal Can increased its position in OneMain by 9.6% during the 2nd quarter. Bank of Montreal Can now owns 23,418 shares of the financial services provider’s stock valued at $1,335,000 after purchasing an additional 2,047 shares during the period. Finally, Savant Capital LLC purchased a new position in OneMain during the 2nd quarter valued at $670,000. 85.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, COO Micah R. Conrad sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $58.00, for a total transaction of $290,000.00. Following the completion of the transaction, the chief operating officer owned 106,250 shares of the company’s stock, valued at $6,162,500. This trade represents a 4.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas H. Shulman sold 57,500 shares of OneMain stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $68.41, for a total value of $3,933,575.00. Following the transaction, the chief executive officer owned 174,100 shares of the company’s stock, valued at $11,910,181. The trade was a 24.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.40% of the company’s stock.

OneMain Price Performance

Shares of OneMain stock opened at $52.03 on Friday. The company has a 50-day moving average of $60.99 and a 200 day moving average of $61.01. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 7.92, a PEG ratio of 0.38 and a beta of 1.34. OneMain Holdings, Inc. has a 1 year low of $38.00 and a 1 year high of $71.93.

OneMain (NYSE:OMF) last posted its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.59 EPS for the quarter, topping the consensus estimate of $1.55 by $0.04. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.28 billion. OneMain had a net margin of 14.35% and a return on equity of 23.76%. During the same quarter in the previous year, the firm posted $1.16 earnings per share. On average, equities analysts anticipate that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Announces Dividend

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

Wall Street Analysts Forecast Growth

OMF has been the subject of several research analyst reports. Citigroup reaffirmed a “market outperform” rating on shares of OneMain in a research report on Monday, November 24th. Truist Financial reduced their price target on shares of OneMain from $75.00 to $73.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Evercore set a $75.00 price target on shares of OneMain in a research note on Tuesday, January 6th. Weiss Ratings restated a “buy (b-)” rating on shares of OneMain in a report on Monday, December 29th. Finally, Wall Street Zen cut OneMain from a “buy” rating to a “hold” rating in a research report on Sunday, January 18th. Eight investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $72.11.

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.