Long Focus Capital Management LLC Trims Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Long Focus Capital Management LLC lowered its position in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 10.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 265,000 shares of the financial services provider's stock after selling 30,000 shares during the quarter. Long Focus Capital Management LLC owned about 0.22% of OneMain worth $13,814,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP grew its stake in OneMain by 395.9% during the fourth quarter. Wellington Management Group LLP now owns 2,249,762 shares of the financial services provider's stock valued at $117,280,000 after acquiring an additional 1,796,054 shares in the last quarter. Norges Bank purchased a new position in shares of OneMain during the 4th quarter valued at $72,936,000. FMR LLC increased its holdings in shares of OneMain by 14.3% in the fourth quarter. FMR LLC now owns 10,835,668 shares of the financial services provider's stock worth $564,863,000 after purchasing an additional 1,352,604 shares during the period. Clearbridge Investments LLC raised its position in shares of OneMain by 54.1% in the fourth quarter. Clearbridge Investments LLC now owns 2,885,961 shares of the financial services provider's stock worth $150,445,000 after buying an additional 1,013,312 shares in the last quarter. Finally, William Blair Investment Management LLC bought a new stake in OneMain during the fourth quarter valued at $46,195,000. 85.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, SVP Michael A. Hedlund sold 2,808 shares of OneMain stock in a transaction that occurred on Friday, February 21st. The shares were 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 of the company's stock, valued at $887,960.79. This trade represents a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.45% of the stock is owned by insiders.

OneMain Trading Down 0.6 %

Shares of OMF traded down $0.31 during trading hours on Monday, reaching $48.49. 503,920 shares of the company traded hands, compared to its average volume of 1,038,426. The stock's fifty day moving average price is $48.12 and its 200 day moving average price is $51.74. The firm has a market cap of $5.78 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 0.44 and a beta of 1.35. OneMain Holdings, Inc. has a 12-month low of $38.00 and a 12-month high of $58.90.

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Wednesday, February 12th were issued a $1.04 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $4.16 annualized dividend and a dividend yield of 8.58%. OneMain's payout ratio is currently 98.11%.

Analyst Ratings Changes

OMF has been the subject of several research reports. StockNews.com upgraded shares of OneMain from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. Northland Capmk upgraded OneMain from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Northland Securities upgraded shares of OneMain from a "market perform" rating to an "outperform" rating in a research report on Tuesday, April 8th. Evercore ISI began coverage on shares of OneMain in a research report on Tuesday, March 25th. They set an "in-line" rating and a $58.00 price target for the company. Finally, JPMorgan Chase & Co. dropped their target price on OneMain from $58.00 to $46.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, OneMain has a consensus rating of "Moderate Buy" and a consensus target price of $58.17.

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.