Varde Management L.P. decreased its stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 37.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 299,792 shares of the financial services provider's stock after selling 179,540 shares during the period. OneMain accounts for approximately 13.0% of Varde Management L.P.'s holdings, making the stock its 2nd largest position. Varde Management L.P. owned approximately 0.25% of OneMain worth $15,628,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Legend Financial Advisors Inc. acquired a new position in shares of OneMain in the 4th quarter valued at approximately $26,000. FNY Investment Advisers LLC acquired a new position in OneMain in the 4th quarter valued at approximately $26,000. Albion Financial Group UT bought a new position in shares of OneMain during the fourth quarter valued at $26,000. Continuum Advisory LLC bought a new position in shares of OneMain during the third quarter worth about $28,000. Finally, IFP Advisors Inc boosted its position in OneMain by 180.0% during the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock valued at $40,000 after acquiring an additional 495 shares during the last quarter. Institutional investors own 85.82% of the company's stock.
OneMain Trading Up 1.4 %
NYSE OMF traded up $0.60 on Tuesday, reaching $44.74. 829,296 shares of the stock were exchanged, compared to its average volume of 1,028,122. The company's 50-day simple moving average is $50.05 and its two-hundred day simple moving average is $51.76. The firm has a market capitalization of $5.34 billion, a PE ratio of 10.55, a PEG ratio of 0.44 and a beta of 1.35. OneMain Holdings, Inc. has a one year low of $38.00 and a one year high of $58.90.
OneMain Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Wednesday, February 12th were given a $1.04 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 9.30%. OneMain's dividend payout ratio is currently 98.11%.
Insider Buying and Selling
In other news, SVP Michael A. Hedlund sold 2,808 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $56.09, for a total transaction of $157,500.72. Following the transaction, the senior vice president now owns 15,831 shares in the company, valued at approximately $887,960.79. This trade represents a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.45% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the company. Barclays set a $56.00 price target on OneMain in a research note on Friday, March 14th. StockNews.com upgraded OneMain from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. Wells Fargo & Company increased their target price on OneMain from $52.00 to $57.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 21st. Royal Bank of Canada lifted their price objective on shares of OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. dropped their price target on shares of OneMain from $58.00 to $46.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $58.17.
View Our Latest Report on OneMain
About OneMain
(
Free Report)
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.
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