Voya Investment Management LLC Sells 34,138 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Voya Investment Management LLC trimmed its position in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 27.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 89,872 shares of the financial services provider's stock after selling 34,138 shares during the period. Voya Investment Management LLC owned 0.08% of OneMain worth $4,685,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Ieq Capital LLC acquired a new stake in shares of OneMain during the fourth quarter valued at about $896,000. Orion Portfolio Solutions LLC boosted its position in 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 buying an additional 7,060 shares during the period. PNC Financial Services Group Inc. increased its position in OneMain by 15.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,263 shares of the financial services provider's stock valued at $222,000 after acquiring an additional 569 shares during the period. IFP Advisors Inc raised its stake in shares of OneMain by 180.0% during the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock valued at $40,000 after acquiring an additional 495 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of OneMain by 12.1% during the third quarter. Principal Financial Group Inc. now owns 805,256 shares of the financial services provider's stock worth $37,903,000 after purchasing an additional 87,084 shares during the period. Institutional investors and hedge funds own 85.82% of the company's stock.

OneMain Price Performance

Shares of OMF traded down $0.55 during trading hours on Tuesday, hitting $48.37. The stock had a trading volume of 103,147 shares, compared to its average volume of 1,033,175. OneMain Holdings, Inc. has a 1-year low of $38.00 and a 1-year high of $58.90. The firm has a market capitalization of $5.76 billion, a P/E ratio of 11.44, a price-to-earnings-growth ratio of 0.44 and a beta of 1.28. The firm has a 50 day simple moving average of $47.42 and a 200-day simple moving average of $51.80.

OneMain (NYSE:OMF - Get Free Report) last issued 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. OneMain had a return on equity of 18.39% and a net margin of 10.19%. The company had revenue of $188.00 million for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the firm earned $1.45 earnings per share. 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 fiscal year.

OneMain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Stockholders 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 dividend yield of 8.60%. The ex-dividend date is Friday, May 9th. OneMain's dividend payout ratio is currently 87.95%.

Wall Street Analysts Forecast Growth

OMF has been the subject of several analyst reports. Northland Securities raised OneMain from a "market perform" rating to an "outperform" rating in a research report on Tuesday, April 8th. Barclays set a $56.00 price objective on OneMain in a research report on Friday, March 14th. Northland Capmk upgraded OneMain from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. StockNews.com upgraded shares of OneMain from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $65.00 price objective on shares of OneMain in a research note on Wednesday, April 30th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $58.40.

Insider Transactions at OneMain

In related 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 owns 15,831 shares in the company, valued at approximately $887,960.79. This represents a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Douglas H. Shulman sold 25,000 shares of the firm's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $47.49, for a total value of $1,187,250.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 67,808 shares of company stock valued at $3,344,751 over the last three months. Corporate insiders own 0.45% of the company's stock.

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.