abrdn plc Sells 40,000 Shares of OneMain Holdings, Inc. (NYSE:OMF)

abrdn plc lowered its stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 20.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 160,000 shares of the financial services provider's stock after selling 40,000 shares during the period. abrdn plc owned approximately 0.13% of OneMain worth $7,872,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of OMF. Quantbot Technologies LP bought a new stake in shares of OneMain during the third quarter worth about $26,000. Blue Trust Inc. grew its holdings in shares of OneMain by 49.9% during the fourth quarter. Blue Trust Inc. now owns 730 shares of the financial services provider's stock worth $36,000 after purchasing an additional 243 shares during the last quarter. ZRC Wealth Management LLC bought a new stake in shares of OneMain during the fourth quarter worth about $45,000. Operose Advisors LLC bought a new stake in shares of OneMain during the third quarter worth about $40,000. Finally, Allworth Financial LP grew its holdings in shares of OneMain by 368.4% during the third quarter. Allworth Financial LP now owns 1,068 shares of the financial services provider's stock worth $43,000 after purchasing an additional 840 shares during the last quarter. Institutional investors own 85.82% of the company's stock.

OneMain Stock Up 0.7 %

OMF traded up $0.37 during trading on Friday, hitting $50.89. The company's stock had a trading volume of 622,531 shares, compared to its average volume of 837,788. OneMain Holdings, Inc. has a twelve month low of $33.67 and a twelve month high of $51.65. The stock's fifty day moving average price is $48.60 and its 200-day moving average price is $45.26. The firm has a market capitalization of $6.10 billion, a P/E ratio of 9.57, a PEG ratio of 0.70 and a beta of 1.65.

OneMain (NYSE:OMF - Get Free Report) last issued its earnings results on Wednesday, February 7th. The financial services provider reported $1.39 earnings per share for the quarter, topping 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 company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $913.90 million. During the same period in the prior year, the firm earned $1.56 earnings per share. Equities research analysts expect that OneMain Holdings, Inc. will post 5.67 EPS for the current fiscal year.

OneMain Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Tuesday, February 20th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 7.86%. The ex-dividend date was Friday, February 16th. OneMain's payout ratio is 75.19%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on OMF. StockNews.com upgraded OneMain from a "hold" rating to a "buy" rating in a report on Wednesday, February 14th. Citigroup cut their price objective on OneMain from $54.00 to $52.00 and set a "buy" rating on the stock in a research note on Thursday, February 8th. Deutsche Bank Aktiengesellschaft initiated coverage on OneMain in a research note on Wednesday, January 10th. They issued a "buy" rating and a $68.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on OneMain from $47.00 to $51.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 3rd. Finally, Stephens cut their price objective on OneMain from $61.00 to $57.00 and set an "overweight" rating on the stock in a research note on Thursday, February 8th. Four equities 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 currently has an average rating of "Moderate Buy" and an average price target 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.