Lecap Asset Management Ltd. Cuts Stock Position in OneMain Holdings, Inc. (NYSE:OMF)

Lecap Asset Management Ltd. cut its position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 50.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,316 shares of the financial services provider's stock after selling 9,299 shares during the quarter. Lecap Asset Management Ltd.'s holdings in OneMain were worth $486,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in OMF. Northwestern Mutual Wealth Management Co. lifted its stake in OneMain by 13.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,276 shares of the financial services provider's stock worth $110,000 after purchasing an additional 271 shares during the last quarter. Cetera Investment Advisers lifted its stake in OneMain by 3.7% in the second quarter. Cetera Investment Advisers now owns 28,774 shares of the financial services provider's stock valued at $1,395,000 after buying an additional 1,037 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in OneMain in the second quarter valued at $364,000. SG Americas Securities LLC lifted its stake in OneMain by 55.1% in the third quarter. SG Americas Securities LLC now owns 12,055 shares of the financial services provider's stock valued at $567,000 after buying an additional 4,282 shares during the last quarter. Finally, Park Avenue Securities LLC bought a new stake in OneMain in the third quarter valued at $371,000. 85.82% of the stock is currently owned by institutional investors.

OneMain Stock Performance

NYSE:OMF traded down $1.93 during trading hours on Wednesday, reaching $54.78. The stock had a trading volume of 742,440 shares, compared to its average volume of 1,046,048. The stock has a 50 day simple moving average of $54.59 and a 200 day simple moving average of $51.08. OneMain Holdings, Inc. has a 12-month low of $41.70 and a 12-month high of $58.90. The stock has a market cap of $6.54 billion, a P/E ratio of 12.92, a price-to-earnings-growth ratio of 0.45 and a beta of 1.59.

OneMain Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Wednesday, February 12th will be issued a dividend of $1.04 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a yield of 7.59%. OneMain's dividend payout ratio is presently 98.11%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on OneMain from $52.00 to $57.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 21st. StockNews.com raised OneMain from a "hold" rating to a "buy" rating in a report on Wednesday. JMP Securities reaffirmed a "market outperform" rating and set a $65.00 target price on shares of OneMain in a report on Monday, February 3rd. Compass Point lifted their target price on OneMain from $60.00 to $63.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. dropped their price target on OneMain from $59.00 to $58.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 14th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $58.36.

About OneMain

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.