Miller Value Partners LLC Sells 9,000 Shares of OneMain Holdings, Inc. $OMF

Miller Value Partners LLC decreased its stake in OneMain Holdings, Inc. (NYSE:OMF) by 9.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,941 shares of the financial services provider’s stock after selling 9,000 shares during the period. OneMain comprises about 2.0% of Miller Value Partners LLC’s holdings, making the stock its 19th largest holding. Miller Value Partners LLC owned about 0.07% of OneMain worth $5,603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Janus Henderson Group PLC lifted its stake in OneMain by 70.4% in the 4th quarter. Janus Henderson Group PLC now owns 2,534,271 shares of the financial services provider’s stock valued at $171,210,000 after purchasing an additional 1,047,263 shares during the last quarter. Evolve Private Wealth LLC bought a new position in OneMain in the 4th quarter valued at approximately $214,000. Azora Capital LP lifted its stake in OneMain by 210.7% in the 4th quarter. Azora Capital LP now owns 1,362,934 shares of the financial services provider’s stock valued at $92,066,000 after purchasing an additional 924,302 shares during the last quarter. Aristeia Capital L.L.C. raised its stake in shares of OneMain by 28.5% during the fourth quarter. Aristeia Capital L.L.C. now owns 7,099 shares of the financial services provider’s stock valued at $480,000 after acquiring an additional 1,573 shares during the last quarter. Finally, Freestone Grove Partners LP raised its stake in shares of OneMain by 36.7% during the fourth quarter. Freestone Grove Partners LP now owns 483,363 shares of the financial services provider’s stock valued at $32,651,000 after acquiring an additional 129,895 shares during the last quarter. Institutional investors own 85.82% of the company’s stock.

OneMain Trading Down 0.5%

NYSE:OMF opened at $57.47 on Thursday. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 8.55, a PEG ratio of 0.43 and a beta of 1.24. The firm has a fifty day simple moving average of $55.88 and a two-hundred day simple moving average of $59.32. OneMain Holdings, Inc. has a 12 month low of $45.78 and a 12 month high of $71.93.

OneMain (NYSE:OMF) last posted its earnings results on Friday, May 1st. The financial services provider reported $1.95 EPS for the quarter, topping the consensus estimate of $1.86 by $0.09. The company had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.27 billion. OneMain had a net margin of 14.38% and a return on equity of 24.24%. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.72 earnings per share. Equities analysts predict that OneMain Holdings, Inc. will post 7.38 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 11th were given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend was Monday, May 11th. OneMain’s dividend payout ratio is presently 62.50%.

Analyst Ratings Changes

Several research firms have recently issued reports on OMF. TD Cowen reaffirmed a “buy” rating on shares of OneMain in a research note on Monday, May 4th. Royal Bank Of Canada dropped their price target on shares of OneMain from $73.00 to $70.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. 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 note on Thursday, April 9th. Evercore set a $55.00 price target on shares of OneMain in a research note on Tuesday, March 17th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of OneMain from $81.00 to $80.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, OneMain currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.30.

Insider Transactions at OneMain

In other OneMain news, COO Micah R. Conrad sold 5,000 shares of the company’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $60.00, for a total value of $300,000.00. Following the completion of the sale, the chief operating officer directly owned 101,250 shares of the company’s stock, valued at approximately $6,075,000. This represents a 4.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.29% of the company’s stock.

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.