OneMain Holdings, Inc. (NYSE:OMF) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC reduced its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 346,554 shares of the financial services provider’s stock after selling 8,287 shares during the quarter. Wedge Capital Management L L P NC’s holdings in OneMain were worth $17,050,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OMF. Quantbot Technologies LP acquired a new position in shares of OneMain in the 3rd quarter valued at about $26,000. Blue Trust Inc. lifted its position in shares of OneMain by 49.9% during the 4th quarter. Blue Trust Inc. now owns 730 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 243 shares during the period. Operose Advisors LLC acquired a new position in OneMain in the 3rd quarter worth about $40,000. Allworth Financial LP boosted its position in shares of OneMain by 368.4% during the 3rd quarter. Allworth Financial LP now owns 1,068 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 840 shares in the last quarter. Finally, ZRC Wealth Management LLC purchased a new stake in shares of OneMain in the fourth quarter worth approximately $45,000. 85.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on OMF. Stephens dropped their price target on shares of OneMain from $61.00 to $57.00 and set an “overweight” rating on the stock in a research note on Thursday, February 8th. JMP Securities restated a “market outperform” rating and set a $57.00 target price on shares of OneMain in a report on Wednesday, April 17th. Northland Securities lowered OneMain from an “outperform” rating to a “market perform” rating and upped their target price for the company from $46.00 to $49.00 in a report on Wednesday, January 17th. StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a research note on Wednesday, February 14th. Finally, Citigroup cut their target price on shares of OneMain from $54.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, OneMain currently has an average rating of “Moderate Buy” and an average price target of $51.54.

OneMain Trading Up 0.2 %

Shares of NYSE OMF traded up $0.09 during trading hours on Tuesday, hitting $49.25. 49,192 shares of the company traded hands, compared to its average volume of 1,016,733. The stock has a market capitalization of $5.90 billion, a price-to-earnings ratio of 9.24, a price-to-earnings-growth ratio of 0.67 and a beta of 1.65. The company’s 50 day moving average price is $48.26 and its 200 day moving average price is $45.00. OneMain Holdings, Inc. has a 12 month low of $33.67 and a 12 month high of $51.65.

OneMain (NYSE:OMF) last posted its earnings results on Wednesday, February 7th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.02. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $913.90 million. OneMain had a return on equity of 21.07% and a net margin of 14.04%. During the same quarter last year, the firm earned $1.56 earnings per share. Equities analysts anticipate that OneMain Holdings, Inc. will post 5.67 EPS for the current year.

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Tuesday, February 20th were issued a $1.00 dividend. The ex-dividend date was Friday, February 16th. This represents a $4.00 annualized dividend and a dividend yield of 8.12%. OneMain’s dividend payout ratio is currently 75.19%.

About OneMain

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.