Rockefeller Capital Management L.P. Has $3.02 Million Stock Position in OneMain Holdings, Inc. (NYSE:OMF)

Rockefeller Capital Management L.P. lowered its stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 48.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 57,981 shares of the financial services provider's stock after selling 53,464 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in OneMain were worth $3,023,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Ieq Capital LLC acquired a new position in shares of OneMain during the 4th quarter worth about $896,000. Orion Portfolio Solutions LLC boosted its position in OneMain by 66.5% during the fourth quarter. Orion Portfolio Solutions LLC now owns 17,681 shares of the financial services provider's stock valued at $922,000 after purchasing an additional 7,060 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in OneMain by 15.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,263 shares of the financial services provider's stock valued at $222,000 after purchasing an additional 569 shares in the last quarter. IFP Advisors Inc increased its position in shares of OneMain by 180.0% during the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock worth $40,000 after purchasing an additional 495 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its position in OneMain by 143.4% during the third quarter. Sanctuary Advisors LLC now owns 17,405 shares of the financial services provider's stock worth $819,000 after acquiring an additional 10,253 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors.

OneMain Trading Up 3.7 %

OneMain stock traded up $1.75 during trading hours on Thursday, reaching $48.35. 289,948 shares of the stock were exchanged, compared to its average volume of 1,035,592. OneMain Holdings, Inc. has a twelve month low of $38.00 and a twelve month high of $58.90. The company has a market cap of $5.77 billion, a P/E ratio of 11.40, a price-to-earnings-growth ratio of 0.44 and a beta of 1.35. The stock has a 50 day moving average of $48.47 and a two-hundred day moving average of $51.62.

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Wednesday, February 12th were paid a $1.04 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a yield of 8.60%. OneMain's dividend payout ratio (DPR) is 98.11%.

Analysts Set New Price Targets

A number of brokerages have weighed in on OMF. Royal Bank of Canada boosted their price target on OneMain from $62.00 to $65.00 and gave the stock an "outperform" rating in a research report on Monday, February 3rd. Evercore ISI started coverage on OneMain in a research note on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 price target on the stock. JPMorgan Chase & Co. reduced their price objective on shares of OneMain from $58.00 to $46.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. StockNews.com upgraded shares of OneMain from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th. Finally, Stephens reissued an "overweight" rating and issued a $62.00 price target on shares of OneMain in a report on Monday, February 3rd. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, OneMain currently has an average rating of "Moderate Buy" and a consensus target price of $58.17.

Insider Buying and Selling at OneMain

In related news, SVP Michael A. Hedlund sold 2,808 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $56.09, for a total transaction of $157,500.72. Following the completion of the transaction, the senior vice president now directly owns 15,831 shares in the company, valued at $887,960.79. This represents a 15.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.45% of the company's stock.

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.