Grantham Mayo Van Otterloo & Co. LLC Sells 24,372 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Grantham Mayo Van Otterloo & Co. LLC lessened its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 45.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,005 shares of the financial services provider's stock after selling 24,372 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC's holdings in OneMain were worth $1,512,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Ieq Capital LLC bought a new stake in shares of OneMain during the fourth quarter worth about $896,000. Orion Portfolio Solutions LLC boosted its stake in OneMain by 66.5% during the 4th quarter. Orion Portfolio Solutions LLC now owns 17,681 shares of the financial services provider's stock valued at $922,000 after purchasing an additional 7,060 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in OneMain by 15.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,263 shares of the financial services provider's stock worth $222,000 after purchasing an additional 569 shares in the last quarter. IFP Advisors Inc raised its stake in shares of OneMain by 180.0% in the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock worth $40,000 after purchasing an additional 495 shares during the last quarter. Finally, TCW Group Inc. lifted its holdings in shares of OneMain by 23.7% in the third quarter. TCW Group Inc. now owns 55,999 shares of the financial services provider's stock valued at $2,636,000 after purchasing an additional 10,744 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

A number of research firms recently commented on OMF. Stephens reissued an "overweight" rating and issued a $62.00 price target on shares of OneMain in a research report on Monday, February 3rd. StockNews.com upgraded shares of OneMain from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. Northland Securities upgraded shares of OneMain from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 8th. Evercore ISI began coverage on shares of OneMain in a research report on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 price objective for the company. Finally, Wells Fargo & Company lifted their target price 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. Five research 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's stock. According to MarketBeat, OneMain currently has a consensus rating of "Moderate Buy" and a consensus target price of $58.17.

Insider Activity

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $56.09, for a total transaction of $157,500.72. Following the sale, the senior vice president now owns 15,831 shares of the company's stock, valued at $887,960.79. The trade was a 15.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.45% of the company's stock.

OneMain Stock Up 0.1 %

OMF traded up $0.04 during trading hours on Friday, hitting $43.06. The stock had a trading volume of 1,795,287 shares, compared to its average volume of 1,027,691. OneMain Holdings, Inc. has a 1 year low of $38.00 and a 1 year high of $58.90. The company's fifty day simple moving average is $50.30 and its 200 day simple moving average is $51.78. The stock has a market cap of $5.14 billion, a PE ratio of 10.15, a price-to-earnings-growth ratio of 0.44 and a beta of 1.35.

OneMain Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were given a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 9.66%. The ex-dividend date of this dividend was Wednesday, February 12th. OneMain's dividend payout ratio (DPR) is currently 98.11%.

OneMain Company Profile

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.