AlphaQuest LLC Sells 22,748 Shares of OneMain Holdings, Inc. (NYSE:OMF)

AlphaQuest LLC lowered its position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 58.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 15,874 shares of the financial services provider's stock after selling 22,748 shares during the quarter. AlphaQuest LLC's holdings in OneMain were worth $828,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OMF. Quantinno Capital Management LP boosted its holdings in shares of OneMain by 0.7% in 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. lifted its holdings in OneMain by 5.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 4,724 shares of the financial services provider's stock worth $246,000 after acquiring an additional 231 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in OneMain by 4.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,884 shares of the financial services provider's stock valued at $307,000 after acquiring an additional 234 shares during the period. Avitas Wealth Management LLC raised its position in shares of OneMain by 0.6% during the 4th quarter. Avitas Wealth Management LLC now owns 45,432 shares of the financial services provider's stock worth $2,368,000 after purchasing an additional 256 shares during the period. Finally, Arizona State Retirement System lifted its holdings in shares of OneMain by 0.8% in the 4th quarter. Arizona State Retirement System now owns 34,784 shares of the financial services provider's stock worth $1,813,000 after purchasing an additional 286 shares during the last quarter. Institutional investors and hedge funds own 85.82% of the company's stock.

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OneMain Trading Up 7.3 %

OMF stock traded up $3.33 during trading on Friday, hitting $48.68. 1,666,564 shares of the stock traded hands, compared to its average volume of 1,052,164. The stock has a market cap of $5.81 billion, a price-to-earnings ratio of 11.48, a P/E/G ratio of 0.44 and a beta of 1.62. OneMain Holdings, Inc. has a one year low of $41.70 and a one year high of $58.90. The company has a 50 day simple moving average of $53.91 and a 200 day simple moving average of $51.77.

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 8.55%. The ex-dividend date of this dividend was Wednesday, February 12th. OneMain's dividend payout ratio is 98.11%.

Insider Activity

In other news, SVP Michael A. Hedlund sold 2,808 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was 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. This trade represents a 15.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.45% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. StockNews.com raised shares of OneMain from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. JMP Securities reissued a "market outperform" rating and set a $65.00 target price on shares of OneMain in a research note on Monday, February 3rd. JPMorgan Chase & Co. dropped their price target on shares of OneMain from $59.00 to $58.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 14th. Wells Fargo & Company boosted their price objective on OneMain from $52.00 to $57.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 21st. Finally, Stephens restated an "overweight" rating and issued a $62.00 target price on shares of OneMain in a research 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's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $58.36.

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.