Rockefeller Capital Management L.P. Cuts Position in OneMain Holdings, Inc. (NYSE:OMF)

Rockefeller Capital Management L.P. lowered its position in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 85.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 111,445 shares of the financial services provider's stock after selling 642,015 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.09% of OneMain worth $5,246,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cetera Advisors LLC bought a new position in shares of OneMain in the first quarter worth about $493,000. DekaBank Deutsche Girozentrale grew its holdings in OneMain by 7.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 6,287 shares of the financial services provider's stock worth $315,000 after acquiring an additional 431 shares in the last quarter. QRG Capital Management Inc. grew its holdings in OneMain by 8.2% during the 2nd quarter. QRG Capital Management Inc. now owns 60,057 shares of the financial services provider's stock worth $2,912,000 after acquiring an additional 4,534 shares in the last quarter. Sendero Wealth Management LLC bought a new position in OneMain during the 2nd quarter worth about $506,000. Finally, SG Americas Securities LLC bought a new position in OneMain during the 2nd quarter worth about $377,000. Hedge funds and other institutional investors own 85.82% of the company's stock.

OneMain Stock Up 0.5 %

Shares of NYSE OMF traded up $0.31 during midday trading on Thursday, reaching $57.56. 222,771 shares of the stock were exchanged, compared to its average volume of 1,001,708. The firm has a market cap of $6.87 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 0.71 and a beta of 1.56. OneMain Holdings, Inc. has a twelve month low of $41.70 and a twelve month high of $57.97. The firm has a 50-day simple moving average of $50.89 and a two-hundred day simple moving average of $49.15.

OneMain Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were paid a $1.04 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $4.16 dividend on an annualized basis and a yield of 7.23%. OneMain's dividend payout ratio is currently 91.03%.

Insiders Place Their Bets

In other OneMain news, SVP Michael A. Hedlund sold 2,400 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $46.00, for a total value of $110,400.00. Following the transaction, the senior vice president now owns 25,747 shares of the company's stock, valued at $1,184,362. This represents a 8.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Douglas H. Shulman sold 5,000 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $50.00, for a total transaction of $250,000.00. Following the sale, the chief executive officer now directly owns 417,474 shares in the company, valued at $20,873,700. This represents a 1.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,178 shares of company stock valued at $2,107,084 in the last 90 days. 0.45% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

OMF has been the topic of several recent research reports. Compass Point increased their target price on shares of OneMain from $60.00 to $63.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. StockNews.com lowered shares of OneMain from a "buy" rating to a "hold" rating in a research report on Tuesday, November 5th. Royal Bank of Canada reissued an "outperform" rating and set a $58.00 price target on shares of OneMain in a research report on Wednesday, October 16th. Barclays lowered shares of OneMain from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $52.00 to $46.00 in a research report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. decreased their price target on shares of OneMain from $56.00 to $51.00 and set an "overweight" rating for the company in a research report on Monday, October 7th. Seven equities research 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, OneMain currently has a consensus rating of "Moderate Buy" and an average price target of $55.46.

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.