OneMain Holdings, Inc. (NYSE:OMF) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd cut its stake in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 22.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,440 shares of the financial services provider's stock after selling 5,899 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in OneMain were worth $999,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Alpine Bank Wealth Management purchased a new stake in shares of OneMain in the 1st quarter valued at $27,000. GAMMA Investing LLC lifted its stake in OneMain by 191.9% in the first quarter. GAMMA Investing LLC now owns 1,007 shares of the financial services provider's stock worth $49,000 after acquiring an additional 662 shares during the period. Golden State Wealth Management LLC purchased a new stake in OneMain in the first quarter worth $54,000. Fourth Dimension Wealth LLC purchased a new position in OneMain during the fourth quarter valued at $57,000. Finally, Farther Finance Advisors LLC lifted its position in OneMain by 198.2% during the first quarter. Farther Finance Advisors LLC now owns 1,670 shares of the financial services provider's stock valued at $82,000 after buying an additional 1,110 shares during the period. 85.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on OMF. Wells Fargo & Company lifted their price target on OneMain from $53.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. Barclays boosted their price target on OneMain from $48.00 to $56.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Northland Securities raised OneMain from a "market perform" rating to an "outperform" rating in a research report on Tuesday, April 8th. Northland Capmk raised OneMain from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. boosted their price target on OneMain from $50.00 to $63.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, OneMain presently has a consensus rating of "Moderate Buy" and an average price target of $60.78.

Insider Activity

In other news, CEO Douglas H. Shulman sold 40,000 shares of the firm's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $50.00, for a total value of $2,000,000.00. Following the completion of the transaction, the chief executive officer directly owned 368,925 shares in the company, valued at $18,446,250. This trade represents a 9.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Micah R. Conrad sold 5,000 shares of the firm's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $52.21, for a total value of $261,050.00. Following the completion of the transaction, the chief operating officer owned 108,007 shares of the company's stock, valued at approximately $5,639,045.47. The trade was a 4.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 100,000 shares of company stock valued at $5,082,190. Company insiders own 0.40% of the company's stock.

OneMain Trading Down 1.2%

Shares of NYSE OMF traded down $0.71 during trading hours on Monday, hitting $58.68. 212,515 shares of the company traded hands, compared to its average volume of 1,116,289. The company's 50 day moving average price is $55.05 and its 200 day moving average price is $52.23. The stock has a market capitalization of $6.98 billion, a price-to-earnings ratio of 10.60, a price-to-earnings-growth ratio of 0.47 and a beta of 1.32. OneMain Holdings, Inc. has a 12 month low of $38.00 and a 12 month high of $60.33.

OneMain (NYSE:OMF - Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The financial services provider reported $1.45 earnings per share for the quarter, topping analysts' consensus estimates of $1.25 by $0.20. OneMain had a return on equity of 20.77% and a net margin of 12.63%. The firm had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.19 billion. During the same period in the prior year, the business posted $1.02 EPS. The firm's quarterly revenue was up 7.1% on a year-over-year basis. Equities analysts anticipate that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 13th. Shareholders of record on Monday, August 4th will be paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 7.09%. OneMain's dividend payout ratio (DPR) is presently 75.09%.

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.