Treasurer of the State of North Carolina Sells 14,806 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Treasurer of the State of North Carolina lowered its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 14.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 88,538 shares of the financial services provider's stock after selling 14,806 shares during the quarter. Treasurer of the State of North Carolina owned about 0.07% of OneMain worth $4,615,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new stake in shares of OneMain in the fourth quarter valued at about $26,000. Legend Financial Advisors Inc. acquired a new stake in shares of OneMain during the 4th quarter worth approximately $26,000. Albion Financial Group UT bought a new stake in shares of OneMain during the fourth quarter valued at approximately $26,000. IFP Advisors Inc lifted its position in OneMain by 180.0% in the fourth 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 period. Finally, Richardson Financial Services Inc. acquired a new stake in OneMain during the fourth quarter worth $44,000. 85.82% of the stock is currently owned by institutional investors.

OneMain Stock Up 0.6 %

Shares of OneMain stock traded up $0.28 during trading on Friday, reaching $44.38. 1,010,398 shares of the company were exchanged, compared to its average volume of 1,031,285. OneMain Holdings, Inc. has a twelve month low of $38.00 and a twelve month high of $58.90. The firm has a market capitalization of $5.29 billion, a price-to-earnings ratio of 10.47, a P/E/G ratio of 0.44 and a beta of 1.35. The business has a 50-day moving average price of $49.33 and a 200-day moving average price of $51.64.

OneMain Announces Dividend

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 dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 9.37%. The ex-dividend date was Wednesday, February 12th. OneMain's payout ratio is 98.11%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on OMF. Stephens reaffirmed an "overweight" rating and set a $62.00 price objective on shares of OneMain in a report on Monday, February 3rd. Wells Fargo & Company upped their price objective on OneMain from $52.00 to $57.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 21st. Northland Securities upgraded OneMain from a "market perform" rating to an "outperform" rating in a research report on Tuesday, April 8th. Royal Bank of Canada boosted their target price on shares of OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd. Finally, StockNews.com upgraded shares of OneMain from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. Five equities research 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 company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $58.17.

Insider Buying and Selling at OneMain

In other news, SVP Michael A. Hedlund sold 2,808 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $56.09, for a total value of $157,500.72. Following the completion of the transaction, the senior vice president now owns 15,831 shares of the company's stock, valued at $887,960.79. The trade was a 15.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.45% of the company's stock.

OneMain Company 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.