D. E. Shaw & Co. Inc. Cuts Position in OneMain Holdings, Inc. (NYSE:OMF)

D. E. Shaw & Co. Inc. cut its holdings in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 67.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,970 shares of the financial services provider's stock after selling 56,760 shares during the period. D. E. Shaw & Co. Inc.'s holdings in OneMain were worth $1,406,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in OMF. Albion Financial Group UT bought a new position in shares of OneMain in the 4th quarter valued at $26,000. IFP Advisors Inc boosted its stake 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. R Squared Ltd bought a new position in OneMain in the 4th quarter valued at approximately $44,000. Richardson Financial Services Inc. bought a new stake in shares of OneMain during the fourth quarter worth $44,000. Finally, SRS Capital Advisors Inc. boosted its holdings in shares of OneMain by 177.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,389 shares of the financial services provider's stock valued at $72,000 after acquiring an additional 889 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on OMF shares. Northland Capmk raised shares of OneMain from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. JMP Securities reissued a "market outperform" rating and issued a $65.00 price target on shares of OneMain in a research report on Wednesday, April 30th. Barclays set a $56.00 price objective on shares of OneMain in a report on Friday, March 14th. Northland Securities upgraded OneMain from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. decreased 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. Four investment 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. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $58.40.

OneMain Price Performance

Shares of OMF traded down $0.49 during mid-day trading on Wednesday, hitting $52.10. The stock had a trading volume of 82,542 shares, compared to its average volume of 1,042,220. OneMain Holdings, Inc. has a 52 week low of $38.00 and a 52 week high of $58.90. The business has a fifty day moving average price of $47.92 and a 200-day moving average price of $51.90. The firm has a market cap of $6.20 billion, a P/E ratio of 12.29, a PEG ratio of 0.44 and a beta of 1.28.

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

OneMain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 9th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 7.98%. The ex-dividend date of this dividend was Friday, May 9th. OneMain's dividend payout ratio (DPR) is presently 87.95%.

Insider Activity at OneMain

In related 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 transaction, the chief executive officer now owns 343,925 shares of the company's stock, valued at approximately $16,332,998.25. The trade was a 6.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.40% of the stock is owned by company insiders.

OneMain 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.