OneMain Holdings, Inc. (NYSE:OMF) Stock Holdings Lowered by Invesco Ltd.

Invesco Ltd. decreased its stake in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 18.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 287,998 shares of the financial services provider's stock after selling 63,943 shares during the period. Invesco Ltd. owned about 0.24% of OneMain worth $15,013,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of OMF. Ieq Capital LLC bought a new position in OneMain during the 4th quarter worth approximately $896,000. Orion Portfolio Solutions LLC raised its position in shares of OneMain by 66.5% during the 4th quarter. Orion Portfolio Solutions LLC now owns 17,681 shares of the financial services provider's stock valued at $922,000 after acquiring an additional 7,060 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in OneMain by 15.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,263 shares of the financial services provider's stock worth $222,000 after purchasing an additional 569 shares during the last quarter. IFP Advisors Inc lifted its stake in OneMain by 180.0% during the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock worth $40,000 after purchasing an additional 495 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its holdings in OneMain by 143.4% in the third quarter. Sanctuary Advisors LLC now owns 17,405 shares of the financial services provider's stock worth $819,000 after purchasing an additional 10,253 shares during the period. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Michael A. Hedlund sold 2,808 shares of OneMain stock in a transaction 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 directly owns 15,831 shares in the company, valued at approximately $887,960.79. This trade represents a 15.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.45% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on OMF shares. Northland Securities upgraded shares of OneMain from a "market perform" rating to an "outperform" rating in a research report on Tuesday, April 8th. JMP Securities reissued a "market outperform" rating and issued a $65.00 target price on shares of OneMain in a report on Monday, February 3rd. Stephens reaffirmed an "overweight" rating and set a $62.00 target price on shares of OneMain in a report on Monday, February 3rd. Wells Fargo & Company increased their price target on OneMain from $52.00 to $57.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 21st. Finally, StockNews.com upgraded OneMain from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, OneMain has an average rating of "Moderate Buy" and an average price target of $58.17.

OneMain Trading Up 0.1 %

OMF traded up $0.07 on Friday, reaching $48.76. The company had a trading volume of 177,721 shares, compared to its average volume of 1,036,363. The company has a market capitalization of $5.82 billion, a P/E ratio of 11.48, a PEG ratio of 0.44 and a beta of 1.35. The company has a fifty day moving average of $48.30 and a 200-day moving average of $51.64. OneMain Holdings, Inc. has a one year low of $38.00 and a one year high of $58.90.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Wednesday, February 12th were paid a dividend of $1.04 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.53%. OneMain's dividend payout ratio is presently 98.11%.

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.