Schonfeld Strategic Advisors LLC Has $315,000 Stock Position in OneMain Holdings, Inc. (NYSE:OMF)

Schonfeld Strategic Advisors LLC trimmed its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 96.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,036 shares of the financial services provider's stock after selling 156,988 shares during the period. Schonfeld Strategic Advisors LLC's holdings in OneMain were worth $315,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of OneMain by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 11,889,113 shares of the financial services provider's stock valued at $619,779,000 after purchasing an additional 40,042 shares during the last quarter. FMR LLC lifted its holdings in shares of OneMain by 14.3% during the 4th quarter. FMR LLC now owns 10,835,668 shares of the financial services provider's stock valued at $564,863,000 after acquiring an additional 1,352,604 shares in the last quarter. Capital International Investors lifted its holdings in shares of OneMain by 2.1% during the 4th quarter. Capital International Investors now owns 10,238,425 shares of the financial services provider's stock valued at $533,729,000 after acquiring an additional 211,745 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of OneMain by 3.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,479,762 shares of the financial services provider's stock valued at $181,402,000 after acquiring an additional 109,182 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in shares of OneMain by 54.1% during the 4th quarter. Clearbridge Investments LLC now owns 2,885,961 shares of the financial services provider's stock valued at $150,445,000 after acquiring an additional 1,013,312 shares in the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Michael A. Hedlund sold 2,808 shares of the firm's 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 completion of the sale, the senior vice president now directly owns 15,831 shares in the company, valued at approximately $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 at the SEC website. Also, CEO Douglas H. Shulman sold 25,000 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $47.49, for a total transaction of $1,187,250.00. Following the completion of the sale, the chief executive officer now owns 343,925 shares of the company's stock, valued at approximately $16,332,998.25. This trade represents a 6.78% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,808 shares of company stock worth $3,344,751. Corporate insiders own 0.40% of the company's stock.

OneMain Price Performance

Shares of NYSE:OMF traded up $0.37 during trading on Friday, reaching $51.83. 978,351 shares of the company's stock traded hands, compared to its average volume of 1,044,237. OneMain Holdings, Inc. has a 12 month low of $38.00 and a 12 month high of $58.90. The company has a 50 day moving average of $47.54 and a 200-day moving average of $51.98. The stock has a market capitalization of $6.17 billion, a P/E ratio of 12.22, a price-to-earnings-growth ratio of 0.44 and a beta of 1.28.

OneMain (NYSE:OMF - Get Free Report) last posted its earnings results on Tuesday, April 29th. The financial services provider reported $1.72 EPS for the quarter, topping the consensus estimate of $1.55 by $0.17. OneMain had a net margin of 10.19% and a return on equity of 18.39%. The firm had revenue of $188.00 million during the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter in the prior year, the firm earned $1.45 EPS. OneMain's quarterly revenue was up 7.1% on a year-over-year basis. Equities research analysts predict that OneMain Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 8.03%. The ex-dividend date was Friday, May 9th. OneMain's dividend payout ratio (DPR) is presently 87.95%.

Wall Street Analysts Forecast Growth

OMF has been the topic of a number of recent analyst reports. Royal Bank of Canada boosted their price objective on shares of OneMain from $62.00 to $65.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. JMP Securities reiterated a "market outperform" rating and issued a $65.00 price objective on shares of OneMain in a report on Wednesday, April 30th. Stephens reiterated an "overweight" rating and issued a $62.00 price objective on shares of OneMain in a report on Monday, February 3rd. StockNews.com upgraded shares of OneMain from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. Finally, Evercore ISI initiated coverage on shares of OneMain in a report on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $58.40.

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.