California Public Employees Retirement System Sells 11,985 Shares of OneMain Holdings, Inc. (NYSE:OMF)

California Public Employees Retirement System lessened its stake in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 5.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 204,389 shares of the financial services provider's stock after selling 11,985 shares during the period. California Public Employees Retirement System owned 0.17% of OneMain worth $10,655,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quantinno Capital Management LP raised its stake in OneMain by 0.7% during the 3rd quarter. Quantinno Capital Management LP now owns 27,732 shares of the financial services provider's stock worth $1,305,000 after buying an additional 204 shares during the period. Stifel Financial Corp increased its holdings in shares of OneMain by 16.1% during the third quarter. Stifel Financial Corp now owns 79,396 shares of the financial services provider's stock valued at $3,737,000 after acquiring an additional 10,994 shares in the last quarter. State Street Corp raised its position in shares of OneMain by 0.8% during the third quarter. State Street Corp now owns 2,140,861 shares of the financial services provider's stock worth $100,770,000 after purchasing an additional 16,615 shares during the period. Wellington Management Group LLP lifted its holdings in shares of OneMain by 12.0% in the 3rd quarter. Wellington Management Group LLP now owns 453,708 shares of the financial services provider's stock worth $21,356,000 after purchasing an additional 48,790 shares in the last quarter. Finally, XTX Topco Ltd grew its position in OneMain by 107.9% in the 3rd quarter. XTX Topco Ltd now owns 31,882 shares of the financial services provider's stock valued at $1,501,000 after purchasing an additional 16,550 shares during the period. 85.82% of the stock is owned by institutional investors.

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OneMain Stock Performance

NYSE OMF traded up $0.04 on Friday, hitting $43.06. The stock had a trading volume of 1,795,287 shares, compared to its average volume of 1,028,209. The firm has a 50-day moving average of $50.30 and a 200-day moving average of $51.75. OneMain Holdings, Inc. has a 52-week low of $38.00 and a 52-week high of $58.90. The company has a market capitalization of $5.14 billion, a price-to-earnings ratio of 10.15, a price-to-earnings-growth ratio of 0.44 and a beta of 1.35.

OneMain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Wednesday, February 12th were paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 9.66%. The ex-dividend date of this dividend was Wednesday, February 12th. OneMain's dividend payout ratio is 98.11%.

Insider Buying and Selling

In other news, SVP Michael A. Hedlund sold 2,808 shares of OneMain stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $56.09, for a total transaction of $157,500.72. Following the completion of the sale, the senior vice president now owns 15,831 shares in the company, valued at approximately $887,960.79. This trade represents a 15.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.45% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Northland Securities upgraded OneMain from a "market perform" rating to an "outperform" rating in a research note on Tuesday. Northland Capmk raised shares of OneMain from a "hold" rating to a "strong-buy" rating in a report on Tuesday. StockNews.com upgraded OneMain from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th. Barclays set a $56.00 target price on OneMain in a research report on Friday, March 14th. Finally, JPMorgan Chase & Co. dropped their price target on OneMain from $58.00 to $46.00 and set an "overweight" rating on the stock in a research report on Tuesday. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $58.17.

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.