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

Parkwood LLC decreased its position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 12.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 193,963 shares of the financial services provider's stock after selling 27,932 shares during the quarter. Parkwood LLC owned approximately 0.16% of OneMain worth $10,111,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in OMF. Wellington Management Group LLP grew its holdings in shares of 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 worth $117,280,000 after purchasing an additional 1,796,054 shares during the last quarter. Norges Bank purchased a new position in shares of OneMain during the fourth quarter worth about $72,936,000. FMR LLC grew its holdings in shares of OneMain by 14.3% during the fourth quarter. FMR LLC now owns 10,835,668 shares of the financial services provider's stock worth $564,863,000 after buying an additional 1,352,604 shares during the last quarter. Clearbridge Investments LLC grew its holdings in shares of OneMain by 54.1% during 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 during the last quarter. Finally, William Blair Investment Management LLC acquired a new stake in shares of OneMain during the fourth quarter worth $46,195,000. Hedge funds and other institutional investors own 85.82% of the company's stock.

Insider Buying and Selling at OneMain

In other news, SVP Michael A. Hedlund sold 2,808 shares of the company's stock in a transaction on 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 represents a 15.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Douglas H. Shulman sold 25,000 shares of the company's stock in a transaction on 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 sale, the chief executive officer now owns 343,925 shares of the company's stock, valued at approximately $16,332,998.25. The trade was a 6.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 67,808 shares of company stock worth $3,344,751. Insiders own 0.40% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on OMF. Stephens reaffirmed an "overweight" rating and set a $62.00 price target on shares of OneMain in a report on Monday, February 3rd. StockNews.com raised OneMain from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. Evercore ISI started coverage on OneMain in a report on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 price objective on the stock. JMP Securities reaffirmed a "market outperform" rating and issued a $65.00 price objective on shares of OneMain in a report on Wednesday, April 30th. Finally, Royal Bank of Canada lifted their price objective on OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. 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. According to data from MarketBeat.com, OneMain has an average rating of "Moderate Buy" and an average target price of $58.40.

OneMain Stock Performance

OMF stock traded up $0.03 on Monday, reaching $51.83. The company had a trading volume of 244,649 shares, compared to its average volume of 1,041,155. OneMain Holdings, Inc. has a 1 year low of $38.00 and a 1 year high of $58.90. The company's fifty day moving average is $47.54 and its 200 day moving average is $51.98. The company has a market cap of $6.17 billion, a P/E ratio of 12.24, a PEG 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.55 by $0.17. OneMain had a return on equity of 18.39% and a net margin of 10.19%. The firm had revenue of $188.00 million for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the company earned $1.45 EPS. OneMain's revenue was up 7.1% on a year-over-year basis. On average, sell-side analysts predict that OneMain Holdings, Inc. will post 6.46 earnings per share for the current year.

OneMain Dividend Announcement

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

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.