William Blair Investment Management LLC Has $29.70 Million Stock Position in OneMain Holdings, Inc. $OMF

William Blair Investment Management LLC lowered its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 11.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 439,696 shares of the financial services provider’s stock after selling 55,120 shares during the quarter. William Blair Investment Management LLC’s holdings in OneMain were worth $29,701,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in OneMain by 33.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 289,943 shares of the financial services provider’s stock worth $16,370,000 after acquiring an additional 72,688 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in OneMain by 24.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 259,803 shares of the financial services provider’s stock worth $17,945,000 after acquiring an additional 50,521 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of OneMain by 84.2% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 234,521 shares of the financial services provider’s stock valued at $13,241,000 after buying an additional 107,204 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of OneMain by 3.4% in the 3rd quarter. American Century Companies Inc. now owns 1,065,463 shares of the financial services provider’s stock valued at $60,156,000 after buying an additional 35,126 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of OneMain by 1.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,980,031 shares of the financial services provider’s stock valued at $224,723,000 after buying an additional 63,774 shares during the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

Insiders Place Their Bets

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

OneMain Trading Up 0.1%

OMF opened at $53.52 on Monday. OneMain Holdings, Inc. has a 1-year low of $45.78 and a 1-year high of $71.93. The stock’s fifty day simple moving average is $54.84 and its 200 day simple moving average is $59.88. The stock has a market cap of $6.18 billion, a PE ratio of 7.96, a price-to-earnings-growth ratio of 0.39 and a beta of 1.27.

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

OneMain Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on OMF. Evercore set a $55.00 price objective on OneMain in a report on Tuesday, March 17th. Deutsche Bank Aktiengesellschaft cut their price objective on OneMain from $81.00 to $80.00 and set a “buy” rating for the company in a report on Monday, May 4th. TD Cowen reissued a “buy” rating on shares of OneMain in a report on Monday, May 4th. Royal Bank Of Canada cut their price objective on OneMain from $73.00 to $70.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Finally, BTIG Research reissued a “neutral” rating on shares of OneMain in a report on Thursday, April 16th. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $68.30.

OneMain 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.