OneMain Holdings, Inc. (NYSE:OMF) Shares Sold by Kendall Capital Management

Kendall Capital Management cut its stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 34.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,993 shares of the financial services provider's stock after selling 9,910 shares during the quarter. Kendall Capital Management's holdings in OneMain were worth $990,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Quantinno Capital Management LP raised its holdings in shares of 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 buying an additional 204 shares during the period. Atria Wealth Solutions Inc. raised its stake in shares of OneMain by 5.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 4,724 shares of the financial services provider's stock valued at $246,000 after purchasing an additional 231 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of OneMain by 4.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,884 shares of the financial services provider's stock worth $307,000 after purchasing an additional 234 shares in the last quarter. Avitas Wealth Management LLC boosted its stake in shares of OneMain by 0.6% in the fourth quarter. Avitas Wealth Management LLC now owns 45,432 shares of the financial services provider's stock valued at $2,368,000 after purchasing an additional 256 shares during the period. Finally, Arizona State Retirement System grew its holdings in OneMain by 0.8% during the 4th quarter. Arizona State Retirement System now owns 34,784 shares of the financial services provider's stock valued at $1,813,000 after purchasing an additional 286 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. StockNews.com raised shares of OneMain from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. Royal Bank of Canada raised their price objective on OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd. Stephens reaffirmed an "overweight" rating and issued a $62.00 target price on shares of OneMain in a research report on Monday, February 3rd. JPMorgan Chase & Co. decreased their price target on shares of OneMain from $59.00 to $58.00 and set an "overweight" rating for the company in a research report on Tuesday, January 14th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $65.00 price target on shares of OneMain in a report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $58.36.

OneMain Stock Down 4.5 %

Shares of NYSE:OMF traded down $2.19 on Monday, reaching $46.78. 1,814,580 shares of the company's stock were exchanged, compared to its average volume of 990,888. The business's 50-day moving average is $54.39 and its two-hundred day moving average is $51.88. OneMain Holdings, Inc. has a fifty-two week low of $41.70 and a fifty-two week high of $58.90. The firm has a market capitalization of $5.58 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 0.44 and a beta of 1.62.

OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th were issued a $1.04 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a yield of 8.89%. OneMain's dividend payout ratio is currently 98.11%.

Insider Buying and Selling at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $56.09, for a total value of $157,500.72. Following the sale, the senior vice president now directly owns 15,831 shares of the company's stock, valued at $887,960.79. This trade represents a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.45% of the stock is currently owned by insiders.

OneMain 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.