Jefferies Financial Group Inc. Acquires New Holdings in OneMain Holdings, Inc. $OMF

Jefferies Financial Group Inc. acquired a new stake in shares of OneMain Holdings, Inc. (NYSE:OMF) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,136 shares of the financial services provider’s stock, valued at approximately $1,022,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Csenge Advisory Group increased its holdings in OneMain by 4.1% during the fourth quarter. Csenge Advisory Group now owns 4,239 shares of the financial services provider’s stock valued at $286,000 after buying an additional 167 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in OneMain by 4.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,075 shares of the financial services provider’s stock valued at $275,000 after buying an additional 174 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in OneMain by 9.1% during the second quarter. Geneos Wealth Management Inc. now owns 2,112 shares of the financial services provider’s stock valued at $120,000 after buying an additional 176 shares during the last quarter. Prime Capital Investment Advisors LLC increased its holdings in OneMain by 3.9% during the third quarter. Prime Capital Investment Advisors LLC now owns 4,710 shares of the financial services provider’s stock valued at $266,000 after buying an additional 177 shares during the last quarter. Finally, Generali Asset Management SPA SGR increased its holdings in OneMain by 5.9% during the fourth quarter. Generali Asset Management SPA SGR now owns 3,413 shares of the financial services provider’s stock valued at $231,000 after buying an additional 190 shares during the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

OMF has been the subject of a number of research reports. Barclays reduced their target price on shares of OneMain from $62.00 to $61.00 and set an “equal weight” rating for the company in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of OneMain from $81.00 to $80.00 and set a “buy” rating for the company in a report on Monday, May 4th. BTIG Research reaffirmed a “neutral” rating on shares of OneMain in a report on Thursday, April 16th. Royal Bank Of Canada reduced their target price on shares of OneMain from $73.00 to $70.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Finally, Wells Fargo & Company dropped their price target on shares of OneMain from $70.00 to $65.00 and set an “equal weight” rating for the company in a research report on Thursday, April 9th. Eight analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $68.30.

Insider Buying and Selling

In other OneMain news, COO Micah R. Conrad sold 5,000 shares of the firm’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $60.00, for a total transaction of $300,000.00. Following the sale, the chief operating officer directly owned 101,250 shares of the company’s stock, valued at $6,075,000. This trade represents a 4.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is currently owned by corporate insiders.

OneMain Stock Down 0.4%

NYSE:OMF opened at $54.09 on Friday. The business’s 50-day simple moving average is $55.07 and its two-hundred day simple moving average is $59.71. The stock has a market cap of $6.25 billion, a PE ratio of 8.05, a P/E/G ratio of 0.40 and a beta of 1.27. OneMain Holdings, Inc. has a 52 week low of $45.78 and a 52 week high of $71.93.

OneMain (NYSE:OMF) last posted its quarterly earnings results on Friday, May 1st. The financial services provider reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.09. The business had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.27 billion. OneMain had a return on equity of 24.24% and a net margin of 14.38%.The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the firm earned $1.72 earnings per share. Sell-side analysts anticipate that OneMain Holdings, Inc. will post 7.39 earnings per share for the current fiscal year.

OneMain Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 11th were issued a dividend of $1.05 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $4.20 dividend on an annualized basis and a yield of 7.8%. OneMain’s dividend payout ratio (DPR) is currently 62.50%.

OneMain Company Profile

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.