OneMain Holdings, Inc. (NYSE:OMF) Shares Sold by Tidal Investments LLC

Tidal Investments LLC trimmed its position in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 68.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,497 shares of the financial services provider's stock after selling 31,781 shares during the period. Tidal Investments LLC's holdings in OneMain were worth $682,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. boosted its position in OneMain by 7,566.2% during the second quarter. Principal Financial Group Inc. now owns 718,172 shares of the financial services provider's stock worth $34,824,000 after acquiring an additional 708,804 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of OneMain during the third quarter worth $17,016,000. Janus Henderson Group PLC grew its position in shares of OneMain by 69.0% in the third quarter. Janus Henderson Group PLC now owns 772,864 shares of the financial services provider's stock valued at $36,377,000 after purchasing an additional 315,640 shares during the period. Dimensional Fund Advisors LP increased its stake in OneMain by 9.0% in the second quarter. Dimensional Fund Advisors LP now owns 3,288,643 shares of the financial services provider's stock valued at $159,465,000 after purchasing an additional 270,207 shares during the last quarter. Finally, Lodge Hill Capital LLC purchased a new position in OneMain during the second quarter worth about $6,789,000. 85.82% of the stock is owned by institutional investors and hedge funds.

OneMain Price Performance

OneMain stock traded up $0.73 during midday trading on Friday, hitting $51.91. 1,494,892 shares of the company were exchanged, compared to its average volume of 1,001,118. The company has a market cap of $6.20 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 0.69 and a beta of 1.56. OneMain Holdings, Inc. has a fifty-two week low of $41.70 and a fifty-two week high of $57.97. The company's fifty day moving average price is $52.92 and its 200-day moving average price is $49.69.

OneMain Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were paid a $1.04 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $4.16 annualized dividend and a dividend yield of 8.01%. OneMain's dividend payout ratio (DPR) is presently 91.03%.

Wall Street Analyst Weigh In

Several analysts have commented on OMF shares. JPMorgan Chase & Co. lifted their price target on OneMain from $56.00 to $59.00 and gave the company an "overweight" rating in a report on Monday, December 9th. Wells Fargo & Company boosted their target price on shares of OneMain from $49.00 to $52.00 and gave the company an "equal weight" rating in a report on Thursday, October 31st. StockNews.com downgraded shares of OneMain from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th. Stephens started coverage on shares of OneMain in a research note on Wednesday, November 13th. They set an "overweight" rating and a $62.00 price objective for the company. Finally, Barclays lowered OneMain from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $52.00 to $46.00 in a research report on Tuesday, October 8th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $56.08.

Insider Activity at OneMain

In other OneMain news, COO Micah R. Conrad sold 2,500 shares of the firm's stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $52.00, for a total transaction of $130,000.00. Following the completion of the transaction, the chief operating officer now directly owns 102,239 shares of the company's stock, valued at $5,316,428. This trade represents a 2.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael A. Hedlund sold 1,992 shares of the business's stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total transaction of $103,584.00. Following the completion of the sale, the senior vice president now directly owns 18,955 shares of the company's stock, valued at $985,660. The trade was a 9.51 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 29,492 shares of company stock valued at $1,582,384. Corporate 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.