LSV Asset Management Trims Stake in OneMain Holdings, Inc. (NYSE:OMF)

LSV Asset Management reduced its stake in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 11.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 240,500 shares of the financial services provider's stock after selling 30,000 shares during the quarter. LSV Asset Management owned approximately 0.20% of OneMain worth $11,833,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Blue Trust Inc. raised its holdings in shares of OneMain by 49.9% in the fourth quarter. Blue Trust Inc. now owns 730 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 243 shares in the last quarter. Allworth Financial LP raised its holdings in shares of OneMain by 25.4% in the 4th quarter. Allworth Financial LP now owns 1,339 shares of the financial services provider's stock valued at $66,000 after purchasing an additional 271 shares in the last quarter. Alps Advisors Inc. lifted its position in shares of OneMain by 2.0% in the 3rd quarter. Alps Advisors Inc. now owns 14,283 shares of the financial services provider's stock worth $573,000 after purchasing an additional 275 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of OneMain by 0.5% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 53,742 shares of the financial services provider's stock valued at $2,155,000 after purchasing an additional 290 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in OneMain by 5.3% during the third quarter. Signaturefd LLC now owns 5,772 shares of the financial services provider's stock valued at $231,000 after buying an additional 291 shares during the period. 85.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

OMF has been the topic of several recent research reports. TD Cowen increased their target price on OneMain from $58.00 to $60.00 and gave the company a "buy" rating in a research report on Wednesday, May 1st. Stephens reduced their target price on shares of OneMain from $61.00 to $57.00 and set an "overweight" rating for the company in a report on Thursday, February 8th. Barclays decreased their price target on shares of OneMain from $57.00 to $54.00 and set an "overweight" rating for the company in a research report on Thursday, February 8th. Royal Bank of Canada boosted their price objective on shares of OneMain from $50.00 to $55.00 and gave the stock an "outperform" rating in a research note on Monday, April 1st. Finally, Citigroup lowered their target price on shares of OneMain from $54.00 to $52.00 and set a "buy" rating for the company in a research note on Thursday, February 8th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $54.62.

Insider Buying and Selling

In other OneMain news, CEO Douglas H. Shulman sold 19,000 shares of the company's stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $51.37, for a total value of $976,030.00. Following the sale, the chief executive officer now owns 451,300 shares in the company, valued at approximately $23,183,281. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.37% of the stock is owned by corporate insiders.

OneMain Price Performance

NYSE:OMF traded up $0.18 during midday trading on Wednesday, hitting $51.65. The company's stock had a trading volume of 932,172 shares, compared to its average volume of 1,051,631. OneMain Holdings, Inc. has a fifty-two week low of $35.00 and a fifty-two week high of $53.65. The firm has a market cap of $6.19 billion, a P/E ratio of 10.07, a P/E/G ratio of 0.71 and a beta of 1.63. The firm's 50 day moving average is $49.36 and its 200-day moving average is $46.05.

OneMain (NYSE:OMF - Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $1.45 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.07. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $907.93 million. OneMain had a net margin of 13.29% and a return on equity of 20.78%. During the same quarter in the prior year, the business earned $1.46 earnings per share. As a group, analysts forecast that OneMain Holdings, Inc. will post 5.67 EPS for the current year.

OneMain Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 10th will be issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 8.05%. The ex-dividend date is Thursday, May 9th. This is a boost from OneMain's previous quarterly dividend of $1.00. OneMain's payout ratio is 77.97%.

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.