Park West Asset Management LLC Has $36.74 Million Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Park West Asset Management LLC cut its holdings in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 29.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 704,759 shares of the financial services provider's stock after selling 300,800 shares during the quarter. OneMain comprises approximately 3.0% of Park West Asset Management LLC's portfolio, making the stock its 16th largest holding. Park West Asset Management LLC owned about 0.59% of OneMain worth $36,739,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. SlateStone Wealth LLC lifted its stake in shares of OneMain by 3.2% during the 4th quarter. SlateStone Wealth LLC now owns 7,074 shares of the financial services provider's stock worth $369,000 after purchasing an additional 220 shares during the period. Atria Wealth Solutions Inc. boosted its holdings in shares of OneMain by 5.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 4,724 shares of the financial services provider's stock valued at $246,000 after purchasing an additional 231 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of OneMain by 4.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,884 shares of the financial services provider's stock worth $307,000 after purchasing an additional 234 shares during the period. Avitas Wealth Management LLC lifted its holdings in shares of OneMain by 0.6% during the 4th quarter. Avitas Wealth Management LLC now owns 45,432 shares of the financial services provider's stock valued at $2,368,000 after acquiring an additional 256 shares in the last quarter. Finally, Prosperity Consulting Group LLC lifted its stake in shares of OneMain by 4.8% during the fourth quarter. Prosperity Consulting Group LLC now owns 6,075 shares of the financial services provider's stock worth $317,000 after purchasing an additional 281 shares in the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

OneMain Stock Up 1.0 %

Shares of OMF traded up $0.48 during mid-day trading on Thursday, hitting $47.55. 1,108,951 shares of the company's stock were exchanged, compared to its average volume of 1,040,188. OneMain Holdings, Inc. has a twelve month low of $38.00 and a twelve month high of $58.90. The firm has a fifty day moving average of $47.57 and a two-hundred day moving average of $51.72. The stock has a market cap of $5.67 billion, a price-to-earnings ratio of 11.21, a P/E/G ratio of 0.44 and a beta of 1.35.

OneMain (NYSE:OMF - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.72 EPS 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 analyst estimates of $1.16 billion. OneMain had a net margin of 10.19% and a return on equity of 18.39%. The company's quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.45 earnings per share. On average, equities analysts predict that OneMain Holdings, Inc. will post 6.46 earnings per share for the current year.

OneMain Dividend Announcement

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 issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 8.75%. The ex-dividend date of this dividend is Friday, May 9th. OneMain's dividend payout ratio (DPR) is 98.11%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on OMF. JPMorgan Chase & Co. decreased their price objective on shares of OneMain from $58.00 to $46.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Northland Capmk raised OneMain from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. JMP Securities restated a "market outperform" rating and set a $65.00 price objective on shares of OneMain in a report on Wednesday. Evercore ISI initiated coverage on OneMain in a research report on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 target price on the stock. Finally, Wells Fargo & Company decreased 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. Five 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. According to MarketBeat.com, OneMain presently has an average rating of "Moderate Buy" and an average price target of $57.83.

Insider Activity

In other OneMain news, CEO Douglas H. Shulman sold 40,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $50.00, for a total value of $2,000,000.00. Following the sale, the chief executive officer now owns 368,925 shares of the company's stock, valued at $18,446,250. This trade represents a 9.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Michael A. Hedlund sold 2,808 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $56.09, for a total value of $157,500.72. Following the transaction, the senior vice president now owns 15,831 shares of the company's stock, 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. Over the last ninety days, insiders have sold 67,808 shares of company stock valued at $3,344,751. 0.45% of the stock is owned by insiders.

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.