OneMain Holdings, Inc. (NYSE:OMF) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd decreased its position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 15.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,339 shares of the financial services provider's stock after selling 4,845 shares during the period. Y Intercept Hong Kong Ltd's holdings in OneMain were worth $1,373,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Legend Financial Advisors Inc. purchased a new position in OneMain in the fourth quarter worth about $26,000. FNY Investment Advisers LLC purchased a new position in OneMain in the fourth quarter worth about $26,000. Albion Financial Group UT purchased a new position in OneMain in the fourth quarter worth about $26,000. Continuum Advisory LLC purchased a new position in OneMain in the third quarter worth about $28,000. Finally, Richardson Financial Services Inc. purchased a new position in OneMain in the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 85.82% of the company's stock.

Analysts Set New Price Targets

OMF has been the subject of several recent research reports. JMP Securities reiterated a "market outperform" rating and issued a $65.00 price target on shares of OneMain in a research report on Monday, February 3rd. JPMorgan Chase & Co. dropped their price target on OneMain from $59.00 to $58.00 and set an "overweight" rating for the company in a research report on Tuesday, January 14th. StockNews.com upgraded OneMain from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. Royal Bank of Canada boosted their target price on OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a research report on Monday, February 3rd. Finally, Stephens restated an "overweight" rating and set a $62.00 target price on shares of OneMain in a research report on Monday, February 3rd. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, OneMain presently has a consensus rating of "Moderate Buy" and a consensus price target of $58.36.

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Insider Activity

In related news, SVP Michael A. Hedlund sold 2,808 shares of the business'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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.45% of the company's stock.

OneMain Trading Up 1.5 %

Shares of OneMain stock traded up $0.80 on Friday, hitting $53.69. 575,798 shares of the company traded hands, compared to its average volume of 954,377. The stock's 50 day moving average price is $54.66 and its 200-day moving average price is $51.68. OneMain Holdings, Inc. has a 52 week low of $41.70 and a 52 week high of $58.90. The company has a market cap of $6.41 billion, a PE ratio of 12.66, a PEG ratio of 0.44 and a beta of 1.59.

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 7.75%. The ex-dividend date of this dividend was Wednesday, February 12th. OneMain's dividend payout ratio is presently 98.11%.

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.