Cercano Management LLC Lowers Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Cercano Management LLC lowered its stake in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 43.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 552,320 shares of the financial services provider's stock after selling 422,024 shares during the period. Cercano Management LLC owned approximately 0.46% of OneMain worth $28,792,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in OneMain by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 11,889,113 shares of the financial services provider's stock worth $619,779,000 after purchasing an additional 40,042 shares during the last quarter. FMR LLC grew its holdings in shares of OneMain by 14.3% in the fourth quarter. FMR LLC now owns 10,835,668 shares of the financial services provider's stock worth $564,863,000 after acquiring an additional 1,352,604 shares during the period. Capital International Investors increased its position in OneMain by 2.1% during the fourth quarter. Capital International Investors now owns 10,238,425 shares of the financial services provider's stock valued at $533,729,000 after acquiring an additional 211,745 shares during the last quarter. Brave Warrior Advisors LLC lifted its holdings in OneMain by 0.5% in the fourth quarter. Brave Warrior Advisors LLC now owns 7,437,670 shares of the financial services provider's stock valued at $387,726,000 after acquiring an additional 35,448 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in OneMain by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,479,762 shares of the financial services provider's stock worth $181,402,000 after purchasing an additional 109,182 shares during the last quarter. Hedge funds and other institutional investors own 85.82% of the company's stock.

OneMain Price Performance

Shares of OMF stock traded down $1.06 during mid-day trading on Friday, hitting $48.96. The company had a trading volume of 1,042,306 shares, compared to its average volume of 1,038,726. The stock's 50 day moving average price is $47.18 and its 200-day moving average price is $51.83. OneMain Holdings, Inc. has a 52-week low of $38.00 and a 52-week high of $58.90. The company has a market capitalization of $5.82 billion, a P/E 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 data on Tuesday, April 29th. The financial services provider reported $1.72 EPS for the quarter, beating the consensus estimate of $1.55 by $0.17. The business had revenue of $188.00 million during the quarter, compared to the consensus estimate of $1.16 billion. OneMain had a net margin of 10.19% and a return on equity of 18.39%. The business's revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.45 EPS. On average, equities research analysts expect that OneMain Holdings, Inc. will post 6.46 earnings per share for the current year.

OneMain Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on OMF. JMP Securities reiterated a "market outperform" rating and issued a $65.00 price objective on shares of OneMain in a research note on Wednesday, April 30th. JPMorgan Chase & Co. cut their price objective on shares of OneMain from $58.00 to $46.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Barclays set a $56.00 target price on OneMain in a report on Friday, March 14th. Evercore ISI began coverage on OneMain in a research report on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 price target for the company. Finally, Northland Capmk raised OneMain from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $58.40.

Insider Activity

In other news, SVP Michael A. Hedlund sold 2,808 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at approximately $887,960.79. The trade was a 15.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Douglas H. Shulman sold 25,000 shares of the firm's 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 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 represents a 6.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,808 shares of company stock worth $3,344,751. 0.45% of the stock is currently owned by insiders.

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.