DAVENPORT & Co LLC Sells 5,502 Shares of OneMain Holdings, Inc. (NYSE:OMF)

DAVENPORT & Co LLC lessened its holdings in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 5.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 95,101 shares of the financial services provider's stock after selling 5,502 shares during the quarter. DAVENPORT & Co LLC owned approximately 0.08% of OneMain worth $4,958,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently 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 valued at $1,305,000 after acquiring an additional 204 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of OneMain by 13.9% in the third quarter. UMB Bank n.a. now owns 2,026 shares of the financial services provider's stock valued at $95,000 after purchasing an additional 247 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of OneMain by 13.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,276 shares of the financial services provider's stock worth $110,000 after purchasing an additional 271 shares during the last quarter. OneDigital Investment Advisors LLC lifted its holdings in shares of OneMain by 4.8% during the third quarter. OneDigital Investment Advisors LLC now owns 6,666 shares of the financial services provider's stock worth $314,000 after purchasing an additional 304 shares during the period. Finally, Peak Financial Advisors LLC grew its position in OneMain by 3.3% in the 4th quarter. Peak Financial Advisors LLC now owns 9,588 shares of the financial services provider's stock valued at $500,000 after buying an additional 310 shares during the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on OMF. JPMorgan Chase & Co. lowered their target price on shares of OneMain from $59.00 to $58.00 and set an "overweight" rating on the stock in a report on Tuesday, January 14th. StockNews.com upgraded OneMain from a "hold" rating to a "buy" rating in a research report on Monday. Wells Fargo & Company boosted their price objective on shares of OneMain from $52.00 to $57.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 21st. Compass Point increased their price objective on OneMain from $60.00 to $63.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Finally, Royal Bank of Canada lifted their target price on shares of OneMain from $62.00 to $65.00 and gave the stock an "outperform" rating in a research note on Monday. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, OneMain has a consensus rating of "Moderate Buy" and an average target price of $57.15.

Insider Activity

In other OneMain news, CEO Douglas H. Shulman sold 20,000 shares of the firm's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $54.19, for a total value of $1,083,800.00. Following the sale, the chief executive officer now directly owns 392,474 shares in the company, valued at $21,268,166.06. This trade represents a 4.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.45% of the stock is owned by insiders.

OneMain Stock Down 0.5 %

Shares of OneMain stock traded down $0.30 during midday trading on Friday, hitting $56.52. The company's stock had a trading volume of 595,315 shares, compared to its average volume of 1,068,448. The stock has a 50-day simple moving average of $54.69 and a 200-day simple moving average of $50.98. The firm has a market capitalization of $6.75 billion, a P/E ratio of 13.33, a PEG ratio of 0.48 and a beta of 1.59. OneMain Holdings, Inc. has a 1-year low of $41.70 and a 1-year high of $58.90.

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Wednesday, February 12th will be issued a $1.04 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a yield of 7.36%. OneMain's dividend payout ratio is currently 98.11%.

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.