OneMain Holdings, Inc. (NYSE:OMF) is Key Colony Management LLC's Largest Position

Key Colony Management LLC decreased its position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 18.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 480,000 shares of the financial services provider's stock after selling 110,000 shares during the quarter. OneMain makes up about 37.4% of Key Colony Management LLC's portfolio, making the stock its biggest holding. Key Colony Management LLC owned approximately 0.40% of OneMain worth $25,022,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quantinno Capital Management LP raised its position in OneMain by 0.7% in the third quarter. Quantinno Capital Management LP now owns 27,732 shares of the financial services provider's stock valued at $1,305,000 after purchasing an additional 204 shares during the period. UMB Bank n.a. raised its holdings in OneMain by 13.9% in the 3rd quarter. UMB Bank n.a. now owns 2,026 shares of the financial services provider's stock valued at $95,000 after buying an additional 247 shares during the period. Abich Financial Wealth Management LLC raised its holdings in OneMain by 27.4% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,227 shares of the financial services provider's stock valued at $59,000 after buying an additional 264 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in OneMain by 13.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,276 shares of the financial services provider's stock valued at $110,000 after buying an additional 271 shares during the last quarter. Finally, OneDigital Investment Advisors LLC boosted its stake in 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 buying an additional 304 shares during the period. Institutional investors and hedge funds own 85.82% of the company's stock.

Insider Transactions at OneMain

In related news, CEO Douglas H. Shulman sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $54.19, for a total transaction of $1,083,800.00. Following the completion of the sale, the chief executive officer now owns 392,474 shares in the company, valued at $21,268,166.06. The trade was a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Micah R. Conrad sold 2,500 shares of the company's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $52.00, for a total value of $130,000.00. Following the completion of the transaction, the chief operating officer now directly owns 102,239 shares of the company's stock, valued at $5,316,428. This trade represents a 2.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 29,492 shares of company stock valued at $1,582,384. Insiders own 0.45% of the company's stock.

OneMain Price Performance

Shares of OMF stock traded up $1.00 during trading hours on Wednesday, reaching $54.48. 1,073,600 shares of the stock were exchanged, compared to its average volume of 856,122. OneMain Holdings, Inc. has a 12-month low of $41.70 and a 12-month high of $57.97. The business's fifty day moving average is $54.45 and its two-hundred day moving average is $50.23. The firm has a market capitalization of $6.50 billion, a P/E ratio of 11.92, a P/E/G ratio of 0.69 and a beta of 1.58.

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were issued a $1.04 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.64%. OneMain's payout ratio is 91.03%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of OneMain from $59.00 to $58.00 and set an "overweight" rating on the stock in a report on Tuesday. Royal Bank of Canada restated an "outperform" rating and set a $58.00 price target on shares of OneMain in a research note on Wednesday, October 16th. Stephens assumed coverage on OneMain in a research note on Wednesday, November 13th. They issued an "overweight" rating and a $62.00 price objective for the company. JMP Securities boosted their price objective on OneMain from $60.00 to $62.00 and gave the company a "market outperform" rating in a report on Thursday, October 31st. Finally, Barclays cut OneMain from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $52.00 to $46.00 in a report on Tuesday, October 8th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $56.00.

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.