OneMain Holdings, Inc. (NYSE:OMF) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc trimmed its holdings in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 21.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 68,881 shares of the financial services provider's stock after selling 19,352 shares during the period. Ensign Peak Advisors Inc owned about 0.06% of OneMain worth $3,591,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. FNY Investment Advisers LLC acquired a new position in shares of OneMain in the 4th quarter valued at approximately $26,000. Albion Financial Group UT acquired a new position in shares of OneMain in the 4th quarter valued at approximately $26,000. IFP Advisors Inc raised its position in shares of OneMain by 180.0% in the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 495 shares in the last quarter. Richardson Financial Services Inc. acquired a new position in shares of OneMain in the 4th quarter valued at approximately $44,000. Finally, R Squared Ltd bought a new stake in shares of OneMain in the 4th quarter valued at approximately $44,000. 85.82% of the stock is owned by institutional investors and hedge funds.

OneMain Trading Up 0.7%

OMF traded up $0.37 during trading on Friday, reaching $51.83. 978,351 shares of the company were exchanged, compared to its average volume of 1,044,237. The stock has a market cap of $6.17 billion, a P/E ratio of 12.22, a PEG ratio of 0.44 and a beta of 1.28. The firm has a 50 day moving average of $47.54 and a 200 day moving average of $51.96. 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 data on Tuesday, April 29th. The financial services provider reported $1.72 EPS for the quarter, topping analysts' consensus estimates of $1.55 by $0.17. The firm had revenue of $188.00 million during the quarter, compared to the consensus estimate of $1.16 billion. OneMain had a return on equity of 18.39% and a net margin of 10.19%. The firm's revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.45 EPS. As a group, analysts forecast that OneMain Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 9th were paid a dividend of $1.04 per share. The ex-dividend date was Friday, May 9th. This represents a $4.16 dividend on an annualized basis and a yield of 8.03%. OneMain's payout ratio is currently 87.95%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on OMF. JMP Securities reiterated a "market outperform" rating and issued a $65.00 price target on shares of OneMain in a report on Wednesday, April 30th. Royal Bank of Canada boosted their price target on OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. Northland Securities upgraded OneMain from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 8th. JPMorgan Chase & Co. lowered their price target on OneMain from $58.00 to $46.00 and set an "overweight" rating for the company 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 given a strong buy rating to the company's stock. Based on data from MarketBeat, OneMain currently has an average rating of "Moderate Buy" and a consensus price target of $58.40.

Insider Transactions at OneMain

In other news, CEO Douglas H. Shulman sold 25,000 shares of the 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 transaction, 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 transaction was disclosed in a document filed with the SEC, 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 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 of the company's stock, 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. Over the last quarter, insiders sold 67,808 shares of company stock valued at $3,344,751. 0.40% of the stock is currently owned by corporate 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.