49,184 Shares in OneMain Holdings, Inc. (NYSE:OMF) Purchased by Crestline Management LP

Crestline Management LP purchased a new position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 49,184 shares of the financial services provider's stock, valued at approximately $2,564,000.

Several other institutional investors and hedge funds have also recently modified their holdings of OMF. Albion Financial Group UT purchased a new position in OneMain during the fourth quarter worth about $26,000. FNY Investment Advisers LLC purchased a new stake in shares of OneMain during the 4th quarter valued at approximately $26,000. IFP Advisors Inc lifted its holdings in OneMain by 180.0% in 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. Richardson Financial Services Inc. purchased a new position in OneMain in the fourth quarter worth approximately $44,000. Finally, R Squared Ltd acquired a new stake in OneMain during the fourth quarter worth $44,000. Institutional investors and hedge funds own 85.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Royal Bank of Canada upped their price target on OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd. Northland Capmk raised shares of OneMain from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. JPMorgan Chase & Co. reduced their price target on shares of OneMain from $58.00 to $46.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. JMP Securities reaffirmed a "market outperform" rating and set a $65.00 price objective on shares of OneMain in a research report on Wednesday, April 30th. Finally, StockNews.com upgraded shares of OneMain from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. Four research 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's stock. Based on data from MarketBeat, OneMain presently has a consensus rating of "Moderate Buy" and an average price target of $58.40.

Insider Buying and Selling at OneMain

In other news, CEO Douglas H. Shulman sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $47.49, for a total transaction of $1,187,250.00. Following the completion of the sale, the chief executive officer now owns 343,925 shares in the company, valued at approximately $16,332,998.25. The trade was a 6.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Michael A. Hedlund sold 2,808 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $56.09, for a total transaction 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 $887,960.79. This trade represents a 15.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 67,808 shares of company stock worth $3,344,751 over the last ninety days. Corporate insiders own 0.45% of the company's stock.

OneMain Trading Down 2.1 %

OMF traded down $1.06 on Friday, hitting $48.96. 1,042,306 shares of the company were exchanged, compared to its average volume of 1,038,726. The firm has a 50-day moving average price of $47.18 and a two-hundred day moving average price of $51.83. OneMain Holdings, Inc. has a twelve month low of $38.00 and a twelve month high of $58.90. The company has a market cap of $5.82 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 released its earnings results on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share for the quarter, topping 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 firm had revenue of $188.00 million for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the firm earned $1.45 earnings per share. The business's quarterly revenue was up 7.1% compared to the same quarter last year. Equities analysts expect that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Dividend Announcement

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

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.