Algert Global LLC Decreases Stake in OneMain Holdings, Inc. (NYSE:OMF)

Algert Global LLC cut its stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 22.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,825 shares of the financial services provider's stock after selling 24,013 shares during the quarter. Algert Global LLC owned approximately 0.07% of OneMain worth $4,370,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. SlateStone Wealth LLC grew its stake in shares of OneMain by 3.2% in the fourth quarter. SlateStone Wealth LLC now owns 7,074 shares of the financial services provider's stock valued at $369,000 after acquiring an additional 220 shares in the last quarter. Atria Wealth Solutions Inc. increased its holdings in shares of OneMain by 5.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 4,724 shares of the financial services provider's stock worth $246,000 after purchasing an additional 231 shares during the period. Steward Partners Investment Advisory LLC raised its position in shares of OneMain by 4.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,884 shares of the financial services provider's stock valued at $307,000 after buying an additional 234 shares in the last quarter. Avitas Wealth Management LLC boosted its stake in shares of OneMain by 0.6% in the fourth quarter. Avitas Wealth Management LLC now owns 45,432 shares of the financial services provider's stock valued at $2,368,000 after buying an additional 256 shares during the period. Finally, Prosperity Consulting Group LLC grew its position in OneMain by 4.8% during the fourth quarter. Prosperity Consulting Group LLC now owns 6,075 shares of the financial services provider's stock worth $317,000 after buying an additional 281 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company's stock.

Insider Buying and Selling

In related news, CEO Douglas H. Shulman sold 25,000 shares of OneMain stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $47.49, for a total value of $1,187,250.00. Following the completion of the sale, the chief executive officer now owns 343,925 shares of the company's stock, valued at approximately $16,332,998.25. This trade represents a 6.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Michael A. Hedlund sold 2,808 shares of the company'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. The trade was a 15.07 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,808 shares of company stock valued at $3,344,751. 0.45% of the stock is owned by company insiders.

OneMain Stock Performance

Shares of OMF stock traded down $1.06 during mid-day trading on Friday, hitting $48.96. The company's stock had a trading volume of 1,042,306 shares, compared to its average volume of 1,037,302. The company has a market cap of $5.82 billion, a PE ratio of 11.55, a P/E/G ratio of 0.44 and a beta of 1.28. The company's fifty day simple moving average is $47.18 and its 200-day simple moving average is $51.79. OneMain Holdings, Inc. has a 52 week low of $38.00 and a 52 week high of $58.90.

OneMain (NYSE:OMF - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.17. The firm had revenue of $188.00 million for the quarter, compared to analyst estimates of $1.16 billion. OneMain had a return on equity of 18.39% and a net margin of 10.19%. The company's revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.45 earnings per share. On average, equities analysts anticipate that OneMain Holdings, Inc. will post 6.46 earnings per share for the current year.

OneMain Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 9th will be paid a $1.04 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $4.16 annualized dividend and a dividend yield of 8.50%. OneMain's dividend payout ratio is presently 87.95%.

Analyst Ratings Changes

OMF has been the topic of a number of recent analyst reports. Evercore ISI assumed coverage on shares of OneMain in a research note on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 price objective on the stock. Northland Securities upgraded OneMain from a "market perform" rating to an "outperform" rating in a research report on Tuesday, April 8th. StockNews.com upgraded OneMain from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. Barclays set a $56.00 target price on shares of OneMain in a report on Friday, March 14th. Finally, Royal Bank of Canada boosted their price objective on OneMain from $62.00 to $65.00 and gave the stock an "outperform" rating in a research report on Monday, February 3rd. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $58.40.

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.