Park West Asset Management LLC Sells 300,800 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Park West Asset Management LLC trimmed its stake in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 29.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 704,759 shares of the financial services provider's stock after selling 300,800 shares during the period. OneMain comprises about 3.0% of Park West Asset Management LLC's holdings, making the stock its 16th biggest holding. Park West Asset Management LLC owned 0.59% of OneMain worth $36,739,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of OMF. FNY Investment Advisers LLC purchased a new position in shares of OneMain in the fourth quarter worth approximately $26,000. Albion Financial Group UT purchased a new position in OneMain during the 4th quarter worth approximately $26,000. Legend Financial Advisors Inc. acquired a new stake in OneMain during the 4th quarter valued at $26,000. IFP Advisors Inc lifted its holdings in shares of OneMain by 180.0% in the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 495 shares in the last quarter. Finally, Richardson Financial Services Inc. purchased a new position in shares of OneMain during the fourth quarter valued at $44,000. Institutional investors and hedge funds own 85.82% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on OMF. Barclays set a $56.00 price objective on OneMain in a research note on Friday, March 14th. Wells Fargo & Company reduced their price target on shares of OneMain from $57.00 to $53.00 and set an "equal weight" rating for the company in a research report on Wednesday. Stephens reiterated an "overweight" rating and issued a $62.00 price objective on shares of OneMain in a research note on Monday, February 3rd. Northland Securities raised shares of OneMain from a "market perform" rating to an "outperform" rating in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. lowered their price target on shares of OneMain from $58.00 to $46.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, OneMain currently has an average rating of "Moderate Buy" and an average price target of $58.40.

Insider Transactions at OneMain

In other news, CEO Douglas H. Shulman sold 25,000 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now owns 343,925 shares of the company's stock, valued at approximately $16,332,998.25. This represents a 6.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Michael A. Hedlund sold 2,808 shares of OneMain stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $56.09, for a total value of $157,500.72. Following 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 disclosure for this sale can be found here. Insiders sold a total of 67,808 shares of company stock worth $3,344,751 over the last three months. 0.45% of the stock is currently owned by insiders.

OneMain Stock Up 3.7 %

OMF stock traded up $1.77 during midday trading on Friday, hitting $49.36. 836,709 shares of the company traded hands, compared to its average volume of 1,037,693. OneMain Holdings, Inc. has a twelve month low of $38.00 and a twelve month high of $58.90. The stock has a market capitalization of $5.88 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 0.44 and a beta of 1.28. The business has a 50 day simple moving average of $47.50 and a 200-day simple moving average of $51.76.

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

OneMain Dividend Announcement

The firm 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 $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 8.43%. The ex-dividend date of this dividend is Friday, May 9th. OneMain's dividend payout ratio is currently 87.95%.

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.