Parkwood LLC Lowers Stock Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Parkwood LLC lowered its holdings in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 12.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 193,963 shares of the financial services provider's stock after selling 27,932 shares during the period. Parkwood LLC owned approximately 0.16% of OneMain worth $10,111,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Ieq Capital LLC purchased a new position in OneMain in the fourth quarter worth approximately $896,000. Orion Portfolio Solutions LLC lifted its position in shares of OneMain by 66.5% during the 4th quarter. Orion Portfolio Solutions LLC now owns 17,681 shares of the financial services provider's stock worth $922,000 after purchasing an additional 7,060 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of OneMain by 15.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,263 shares of the financial services provider's stock worth $222,000 after purchasing an additional 569 shares in the last quarter. IFP Advisors Inc boosted its position in shares of OneMain by 180.0% during the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock worth $40,000 after acquiring an additional 495 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in 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 last quarter. Hedge funds and other institutional investors own 85.82% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. JMP Securities reissued a "market outperform" rating and issued a $65.00 target price on shares of OneMain in a research report on Wednesday, April 30th. JPMorgan Chase & Co. lowered their price objective on shares of OneMain from $58.00 to $46.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company dropped their price objective on shares of OneMain from $57.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. Evercore ISI started coverage on shares of OneMain in a research note on Tuesday, March 25th. They set an "in-line" rating and a $58.00 target price for the company. Finally, Northland Securities upgraded OneMain from a "market perform" rating to an "outperform" rating in a research report on Tuesday, April 8th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $58.40.

OneMain Trading Up 1.1%

NYSE OMF opened at $52.37 on Wednesday. OneMain Holdings, Inc. has a twelve month low of $38.00 and a twelve month high of $58.90. The business's 50-day moving average price is $47.27 and its 200 day moving average price is $51.91. The company has a market capitalization of $6.23 billion, a PE ratio of 12.35, a price-to-earnings-growth ratio of 0.44 and a beta of 1.28.

OneMain (NYSE:OMF - Get Free Report) last announced its quarterly earnings results 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. OneMain had a net margin of 10.19% and a return on equity of 18.39%. The company had revenue of $188.00 million for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the business earned $1.45 EPS. OneMain's revenue for the quarter was up 7.1% on a year-over-year basis. Equities analysts predict that OneMain Holdings, Inc. will post 6.46 EPS for the current 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 dividend on an annualized basis and a yield of 7.94%. The ex-dividend date is Friday, May 9th. OneMain's dividend payout ratio (DPR) is presently 87.95%.

Insider Transactions at OneMain

In other news, SVP Michael A. Hedlund sold 2,808 shares of the firm'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 completion of the sale, the senior vice president now directly owns 15,831 shares in the company, valued at $887,960.79. This trade represents a 15.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas H. Shulman sold 25,000 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $47.49, for a total value of $1,187,250.00. Following the completion of the transaction, the chief executive officer now owns 343,925 shares in the company, 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. In the last quarter, insiders sold 67,808 shares of company stock worth $3,344,751. 0.45% of the stock is currently owned by company insiders.

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.

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