OneMain Holdings, Inc. (NYSE:OMF) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 36.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,532 shares of the financial services provider's stock after selling 24,933 shares during the period. Allspring Global Investments Holdings LLC's holdings in OneMain were worth $2,142,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. increased its position in OneMain by 36.5% in the 3rd quarter. Invesco Ltd. now owns 565,150 shares of the financial services provider's stock valued at $22,657,000 after acquiring an additional 151,226 shares during the period. Jump Financial LLC acquired a new position in OneMain in the 3rd quarter valued at about $1,351,000. Robertson Stephens Wealth Management LLC acquired a new position in OneMain in the 3rd quarter valued at about $855,000. Seven Eight Capital LP acquired a new position in OneMain in the 3rd quarter valued at about $1,672,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in OneMain by 119.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,694 shares of the financial services provider's stock valued at $2,002,000 after acquiring an additional 22,178 shares during the period. Institutional investors and hedge funds own 85.82% of the company's stock.

OneMain Stock Performance

OMF stock traded up $0.46 on Monday, reaching $49.16. The company had a trading volume of 752,067 shares, compared to its average volume of 1,029,615. OneMain Holdings, Inc. has a 1 year low of $33.67 and a 1 year high of $51.65. The company's fifty day moving average is $48.26 and its 200 day moving average is $45.00. The company has a market cap of $5.89 billion, a P/E ratio of 9.24, a PEG ratio of 0.67 and a beta of 1.65.

OneMain (NYSE:OMF - Get Free Report) last posted its earnings results on Wednesday, February 7th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.37 by $0.02. OneMain had a return on equity of 21.07% and a net margin of 14.04%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $913.90 million. During the same quarter in the prior year, the company earned $1.56 EPS. On average, sell-side analysts predict that OneMain Holdings, Inc. will post 5.67 earnings per share for the current year.

OneMain Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Tuesday, February 20th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 8.14%. The ex-dividend date of this dividend was Friday, February 16th. OneMain's payout ratio is currently 75.19%.

Analysts Set New Price Targets

Several equities analysts have issued reports on OMF shares. JPMorgan Chase & Co. boosted their target price on OneMain from $47.00 to $51.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft started coverage on OneMain in a research report on Wednesday, January 10th. They set a "buy" rating and a $68.00 target price on the stock. JMP Securities reiterated a "market outperform" rating and set a $57.00 target price on shares of OneMain in a research report on Wednesday, April 17th. Royal Bank of Canada boosted their target price on OneMain from $50.00 to $55.00 and gave the stock an "outperform" rating in a research report on Monday, April 1st. Finally, Wells Fargo & Company boosted their target price on OneMain from $43.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 4th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $51.54.

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.