Asio Capital LLC Trims Stock Position in OneMain Holdings, Inc. (NYSE:OMF)

Asio Capital LLC decreased its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 3.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 81,629 shares of the financial services provider’s stock after selling 2,850 shares during the quarter. Asio Capital LLC’s holdings in OneMain were worth $4,255,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Clearbridge Investments LLC increased its position in shares of OneMain by 1.3% during the 2nd quarter. Clearbridge Investments LLC now owns 1,914,355 shares of the financial services provider’s stock worth $92,827,000 after purchasing an additional 24,338 shares during the last quarter. TCW Group Inc. raised its stake in shares of OneMain by 23.7% in the 3rd quarter. TCW Group Inc. now owns 55,999 shares of the financial services provider’s stock valued at $2,636,000 after acquiring an additional 10,744 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of OneMain by 13.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,276 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 271 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of OneMain by 19.5% during the 2nd quarter. AQR Capital Management LLC now owns 678,499 shares of the financial services provider’s stock worth $32,900,000 after purchasing an additional 110,862 shares during the period. Finally, Quest Partners LLC increased its holdings in OneMain by 430.4% in the 3rd quarter. Quest Partners LLC now owns 38,622 shares of the financial services provider’s stock valued at $1,818,000 after purchasing an additional 31,341 shares during the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

OneMain Stock Performance

OMF opened at $57.63 on Friday. OneMain Holdings, Inc. has a one year low of $41.70 and a one year high of $58.22. The company has a market cap of $6.88 billion, a P/E ratio of 12.61, a PEG ratio of 0.50 and a beta of 1.58. The business’s 50-day simple moving average is $54.63 and its 200-day simple moving average is $50.62.

OneMain Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were given a $1.04 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.22%. OneMain’s dividend payout ratio (DPR) is presently 91.03%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on OMF shares. Wells Fargo & Company raised their price target on OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. Compass Point raised their target price on OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. cut their price target on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Stephens started coverage on shares of OneMain in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $62.00 price objective for the company. Finally, StockNews.com downgraded shares of OneMain from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $56.69.

Insider Buying and Selling

In other OneMain news, CEO Douglas H. Shulman sold 20,000 shares of OneMain stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $54.19, for a total value of $1,083,800.00. Following the transaction, the chief executive officer now directly owns 392,474 shares in the company, valued at approximately $21,268,166.06. The trade was a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Michael A. Hedlund sold 1,992 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $52.00, for a total transaction of $103,584.00. Following the completion of the sale, the senior vice president now directly owns 18,955 shares of the company’s stock, valued at $985,660. The trade was a 9.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,492 shares of company stock worth $1,582,384 in the last quarter. 0.45% of the stock is owned by insiders.

About OneMain

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.