Dark Forest Capital Management LP Trims Stake in OneMain Holdings, Inc. (NYSE:OMF)

Dark Forest Capital Management LP lowered its stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 72.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,047 shares of the financial services provider's stock after selling 49,739 shares during the quarter. Dark Forest Capital Management LP's holdings in OneMain were worth $993,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in OMF. Barclays PLC increased its position in OneMain by 22.0% during the third quarter. Barclays PLC now owns 100,831 shares of the financial services provider's stock worth $4,747,000 after buying an additional 18,190 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in OneMain during the third quarter worth $184,000. B. Riley Wealth Advisors Inc. increased its holdings in shares of OneMain by 12.5% in the third quarter. B. Riley Wealth Advisors Inc. now owns 6,608 shares of the financial services provider's stock valued at $306,000 after purchasing an additional 733 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of OneMain by 12.1% in the third quarter. Principal Financial Group Inc. now owns 805,256 shares of the financial services provider's stock valued at $37,903,000 after purchasing an additional 87,084 shares during the period. Finally, Range Financial Group LLC acquired a new stake in shares of OneMain during the 4th quarter worth about $1,847,000. 85.82% of the stock is owned by institutional investors.

Insider Buying and Selling at OneMain

In related news, SVP Michael A. Hedlund sold 2,808 shares of the business's stock in a transaction dated 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 owns 15,831 shares in the company, valued at $887,960.79. The trade was a 15.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.45% of the company's stock.

OneMain Price Performance

Shares of NYSE:OMF traded down $0.40 during trading on Tuesday, hitting $48.76. 640,072 shares of the company were exchanged, compared to its average volume of 1,041,276. The stock has a 50 day moving average of $47.97 and a 200 day moving average of $51.76. OneMain Holdings, Inc. has a 52-week low of $38.00 and a 52-week high of $58.90. The company has a market cap of $5.82 billion, a PE ratio of 11.48, a P/E/G ratio of 0.44 and a beta of 1.35.

OneMain (NYSE:OMF - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share for the quarter, beating analysts' consensus estimates of $1.55 by $0.17. The company had revenue of $188.00 million for the quarter, compared to analysts' expectations of $1.16 billion. OneMain had a return on equity of 18.39% and a net margin of 10.19%. OneMain's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the firm posted $1.45 EPS. Sell-side analysts forecast that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 9th will be given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 8.53%. OneMain's payout ratio is currently 98.11%.

Analyst Upgrades and Downgrades

OMF has been the subject of a number of recent research reports. Northland Capmk raised shares of OneMain from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Royal Bank of Canada lifted their price target on OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd. Wells Fargo & Company upped their price target on shares of OneMain from $52.00 to $57.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 21st. Northland Securities upgraded shares of OneMain from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 8th. Finally, Stephens reiterated an "overweight" rating and issued a $62.00 price target on shares of OneMain in a research report on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $58.17.

OneMain 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.