OneMain Holdings, Inc. (NYSE:OMF) Shares Sold by Altshuler Shaham Ltd

Altshuler Shaham Ltd trimmed its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 23.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 964 shares of the financial services provider’s stock after selling 300 shares during the period. Altshuler Shaham Ltd’s holdings in OneMain were worth $47,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Quantbot Technologies LP purchased a new stake in shares of OneMain in the 3rd quarter valued at about $26,000. Blue Trust Inc. lifted its holdings in shares of OneMain by 49.9% in the 4th quarter. Blue Trust Inc. now owns 730 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 243 shares during the last quarter. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of OneMain in the 4th quarter valued at about $36,000. Operose Advisors LLC purchased a new stake in shares of OneMain in the 3rd quarter valued at about $40,000. Finally, Allworth Financial LP lifted its holdings in shares of OneMain by 368.4% in the 3rd quarter. Allworth Financial LP now owns 1,068 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 840 shares during the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Douglas H. Shulman sold 19,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $51.37, for a total value of $976,030.00. Following the sale, the chief executive officer now owns 451,300 shares of the company’s stock, valued at approximately $23,183,281. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on OMF shares. Barclays reduced their price objective on OneMain from $57.00 to $54.00 and set an “overweight” rating for the company in a research note on Thursday, February 8th. JPMorgan Chase & Co. upped their price objective on OneMain from $51.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. TD Cowen upped their price objective on OneMain from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Royal Bank of Canada upped their price objective on OneMain from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Finally, JMP Securities upped their price objective on OneMain from $57.00 to $62.00 and gave the company a “market outperform” rating in a research note on Wednesday, May 1st. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $54.62.

OneMain Stock Up 0.3 %

Shares of OMF traded up $0.18 on Wednesday, reaching $51.65. The stock had a trading volume of 932,172 shares, compared to its average volume of 1,051,631. The firm has a market capitalization of $6.19 billion, a PE ratio of 10.07, a PEG ratio of 0.71 and a beta of 1.63. The firm has a 50-day moving average of $49.36 and a 200 day moving average of $46.05. OneMain Holdings, Inc. has a twelve month low of $35.00 and a twelve month high of $53.65.

OneMain (NYSE:OMF) last released its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.07. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $907.93 million. OneMain had a return on equity of 20.78% and a net margin of 13.29%. During the same quarter in the prior year, the firm posted $1.46 EPS. On average, sell-side analysts anticipate that OneMain Holdings, Inc. will post 5.67 earnings per share for the current fiscal year.

OneMain Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 10th will be issued a $1.04 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.05%. This is a boost from OneMain’s previous quarterly dividend of $1.00. OneMain’s dividend payout ratio is currently 77.97%.

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.