New York State Common Retirement Fund Sells 88,306 Shares of OneMain Holdings, Inc. (NYSE:OMF)

New York State Common Retirement Fund lowered its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 12.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 595,134 shares of the financial services provider's stock after selling 88,306 shares during the period. New York State Common Retirement Fund owned about 0.50% of OneMain worth $31,024,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Legend Financial Advisors Inc. purchased a new stake in OneMain in the 4th quarter valued at about $26,000. FNY Investment Advisers LLC acquired a new position in OneMain in the 4th quarter worth $26,000. Albion Financial Group UT purchased a new position in OneMain in the fourth quarter valued at about $26,000. Continuum Advisory LLC acquired a new stake in shares of OneMain during the third quarter worth approximately $28,000. Finally, Richardson Financial Services Inc. bought a new stake in shares of OneMain in the 4th quarter worth about $44,000. Hedge funds and other institutional investors own 85.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on OMF shares. JPMorgan Chase & Co. lowered their price objective 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. JMP Securities reaffirmed a "market outperform" rating and issued a $65.00 price objective on shares of OneMain in a report on Monday, February 3rd. StockNews.com raised OneMain from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. Compass Point upped their price target on shares of OneMain from $60.00 to $63.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Finally, Wells Fargo & Company lifted their price target on shares of OneMain from $52.00 to $57.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $58.36.

OneMain Trading Down 3.2 %

Shares of OMF stock traded down $1.79 on Friday, hitting $54.21. 856,289 shares of the stock were exchanged, compared to its average volume of 1,052,419. OneMain Holdings, Inc. has a fifty-two week low of $41.70 and a fifty-two week high of $58.90. The business has a 50-day moving average of $54.63 and a 200 day moving average of $51.41. The firm has a market capitalization of $6.47 billion, a P/E ratio of 12.79, a price-to-earnings-growth ratio of 0.44 and a beta of 1.59.

OneMain Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were issued a dividend of $1.04 per share. The ex-dividend date was Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.67%. OneMain's dividend payout ratio (DPR) is currently 98.11%.

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.