OneMain Holdings, Inc. (NYSE:OMF) Holdings Cut by Basswood Capital Management L.L.C.

Basswood Capital Management L.L.C. cut its stake in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 4.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 981,250 shares of the financial services provider's stock after selling 49,173 shares during the period. OneMain comprises about 3.0% of Basswood Capital Management L.L.C.'s investment portfolio, making the stock its 7th biggest position. Basswood Capital Management L.L.C. owned approximately 0.82% of OneMain worth $51,153,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in OMF. Ieq Capital LLC purchased a new stake in shares of OneMain during the fourth quarter worth about $896,000. Orion Portfolio Solutions LLC grew its holdings in OneMain by 66.5% during the 4th quarter. Orion Portfolio Solutions LLC now owns 17,681 shares of the financial services provider's stock valued at $922,000 after buying an additional 7,060 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of OneMain by 15.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,263 shares of the financial services provider's stock valued at $222,000 after buying an additional 569 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of 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 buying an additional 495 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of OneMain by 12.1% during the third quarter. Principal Financial Group Inc. now owns 805,256 shares of the financial services provider's stock worth $37,903,000 after acquiring an additional 87,084 shares during the last quarter. Institutional investors own 85.82% of the company's stock.

Insider Buying and Selling at OneMain

In other news, CEO Douglas H. Shulman sold 40,000 shares of OneMain stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $50.00, for a total transaction of $2,000,000.00. Following the completion of the sale, the chief executive officer now owns 368,925 shares of the company's stock, valued at approximately $18,446,250. The trade was a 9.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Michael A. Hedlund sold 2,808 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was 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 directly owns 15,831 shares in the company, valued at approximately $887,960.79. This trade represents a 15.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 67,808 shares of company stock valued at $3,344,751 in the last three months. Company insiders own 0.45% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on OMF. Barclays set a $56.00 price target on shares of OneMain in a research note on Friday, March 14th. Wells Fargo & Company dropped their price target on OneMain from $57.00 to $53.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Stephens reaffirmed an "overweight" rating and issued a $62.00 price objective on shares of OneMain in a research note on Monday, February 3rd. JPMorgan Chase & Co. lowered their target price on OneMain from $58.00 to $46.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, StockNews.com upgraded shares of OneMain from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, OneMain presently has a consensus rating of "Moderate Buy" and an average target price of $58.40.

OneMain Stock Performance

OneMain stock remained flat at $48.98 during midday trading on Friday. 430,530 shares of the company were exchanged, compared to its average volume of 1,033,683. OneMain Holdings, Inc. has a 12 month low of $38.00 and a 12 month high of $58.90. The stock has a 50-day simple moving average of $47.20 and a two-hundred day simple moving average of $51.78. The company has a market capitalization of $5.83 billion, a price-to-earnings ratio of 11.55, a price-to-earnings-growth ratio of 0.44 and a beta of 1.28.

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

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 9th will be issued a dividend of $1.04 per share. The ex-dividend date is Friday, May 9th. This represents a $4.16 dividend on an annualized basis and a yield of 8.49%. OneMain's payout ratio is 87.95%.

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.