OneMain Holdings, Inc. (NYSE:OMF) Shares Sold by Cercano Management LLC

Cercano Management LLC reduced its position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 43.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 552,320 shares of the financial services provider's stock after selling 422,024 shares during the quarter. Cercano Management LLC owned 0.46% of OneMain worth $28,792,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. FNY Investment Advisers LLC purchased a new stake in shares of OneMain during the fourth quarter worth about $26,000. Albion Financial Group UT acquired a new stake in OneMain in the 4th quarter worth about $26,000. Legend Financial Advisors Inc. purchased a new stake in OneMain during the 4th quarter worth approximately $26,000. IFP Advisors Inc raised its holdings in shares of 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. Finally, Richardson Financial Services Inc. purchased a new position in shares of OneMain in the fourth quarter valued at approximately $44,000. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at OneMain

In related news, SVP Michael A. Hedlund sold 2,808 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $56.09, for a total transaction of $157,500.72. Following the sale, the senior vice president now owns 15,831 shares of the company's stock, valued at approximately $887,960.79. The trade was a 15.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas H. Shulman sold 25,000 shares of OneMain stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $47.49, for a total value of $1,187,250.00. Following the transaction, the chief executive officer now directly owns 343,925 shares of the company's stock, valued at $16,332,998.25. This trade represents a 6.78 % 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. 0.45% of the stock is currently owned by company insiders.

OneMain Price Performance

Shares of NYSE:OMF traded down $1.06 during midday trading on Friday, reaching $48.96. 1,042,306 shares of the company's stock were exchanged, compared to its average volume of 1,037,302. The firm's 50 day simple moving average is $47.18 and its two-hundred day simple moving average is $51.79. OneMain Holdings, Inc. has a fifty-two week low of $38.00 and a fifty-two week high of $58.90. The stock has a market cap of $5.82 billion, a price-to-earnings ratio of 11.55, a P/E/G ratio of 0.44 and a beta of 1.28.

OneMain (NYSE:OMF - Get Free Report) last released its quarterly earnings results 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 net margin of 10.19% and a return on equity of 18.39%. The business had revenue of $188.00 million for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the firm earned $1.45 EPS. The business's revenue was up 7.1% on a year-over-year basis. Equities research analysts predict that OneMain Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

OneMain Announces Dividend

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 issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 8.50%. The ex-dividend date is Friday, May 9th. OneMain's payout ratio is currently 87.95%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Evercore ISI assumed coverage on OneMain in a research note on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 price objective for the company. Royal Bank of Canada raised their price target on shares of OneMain from $62.00 to $65.00 and gave the stock an "outperform" rating in a research note on Monday, February 3rd. Barclays set a $56.00 price target on shares of OneMain in a research report on Friday, March 14th. Northland Securities upgraded shares of OneMain from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 8th. Finally, StockNews.com upgraded OneMain from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.