New York State Common Retirement Fund Sells 40,484 Shares of OneMain Holdings, Inc. (NYSE:OMF)

New York State Common Retirement Fund cut its holdings in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 5.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 683,440 shares of the financial services provider's stock after selling 40,484 shares during the period. New York State Common Retirement Fund owned about 0.57% of OneMain worth $32,170,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. EdgeRock Capital LLC purchased a new stake in shares of OneMain during the 2nd quarter worth approximately $31,000. International Assets Investment Management LLC purchased a new position in shares of OneMain during the 2nd quarter valued at $34,000. Blue Trust Inc. grew its stake in shares of OneMain by 43.4% during the 2nd quarter. Blue Trust Inc. now owns 743 shares of the financial services provider's stock worth $38,000 after acquiring an additional 225 shares during the period. Abich Financial Wealth Management LLC raised its stake in OneMain by 46.1% in the 1st quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider's stock valued at $49,000 after acquiring an additional 304 shares during the period. Finally, UMB Bank n.a. lifted its holdings in OneMain by 32.6% during the second quarter. UMB Bank n.a. now owns 1,779 shares of the financial services provider's stock valued at $86,000 after purchasing an additional 437 shares during the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on OMF shares. StockNews.com lowered shares of OneMain from a "buy" rating to a "hold" rating in a research report on Saturday, October 26th. Wells Fargo & Company increased their target price on OneMain from $49.00 to $52.00 and gave the stock an "equal weight" rating in a research report on Thursday. Barclays cut OneMain from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $52.00 to $46.00 in a research report on Tuesday, October 8th. JPMorgan Chase & Co. dropped their price objective on OneMain from $56.00 to $51.00 and set an "overweight" rating on the stock in a report on Monday, October 7th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $58.00 target price on shares of OneMain in a report on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $55.08.

Insider Activity at OneMain

In other OneMain news, COO Micah R. Conrad sold 2,500 shares of the business's stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $45.75, for a total value of $114,375.00. Following the completion of the sale, the chief operating officer now owns 117,025 shares in the company, valued at approximately $5,353,893.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, COO Micah R. Conrad sold 2,500 shares of the company's stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $45.75, for a total transaction of $114,375.00. Following the completion of the transaction, the chief operating officer now directly owns 117,025 shares of the company's stock, valued at approximately $5,353,893.75. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas H. Shulman sold 15,000 shares of the firm's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $46.30, for a total value of $694,500.00. Following the completion of the sale, the chief executive officer now directly owns 422,474 shares in the company, valued at $19,560,546.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,792 shares of company stock worth $2,032,859 in the last ninety days. 0.45% of the stock is owned by company insiders.

OneMain Stock Up 0.2 %

Shares of NYSE OMF traded up $0.11 during trading hours on Friday, reaching $49.78. 1,037,100 shares of the stock traded hands, compared to its average volume of 1,080,618. The company's 50-day simple moving average is $47.15 and its two-hundred day simple moving average is $48.35. The company has a market capitalization of $5.94 billion, a P/E ratio of 10.89, a price-to-earnings-growth ratio of 0.61 and a beta of 1.54. OneMain Holdings, Inc. has a 52-week low of $36.52 and a 52-week high of $54.94.

OneMain (NYSE:OMF - Get Free Report) last released its earnings results on Wednesday, July 31st. The financial services provider reported $1.02 EPS for the quarter, beating the consensus estimate of $0.90 by $0.12. OneMain had a net margin of 11.27% and a return on equity of 19.28%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $918.74 million. During the same quarter last year, the firm earned $1.01 EPS. As a group, sell-side analysts forecast that OneMain Holdings, Inc. will post 4.91 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th will be paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.36%. The ex-dividend date of this dividend is Tuesday, November 12th. OneMain's dividend payout ratio (DPR) is presently 91.03%.

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.