Platinum Investment Management Ltd. Sells 347 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Platinum Investment Management Ltd. lessened its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 17.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,666 shares of the financial services provider’s stock after selling 347 shares during the period. Platinum Investment Management Ltd.’s holdings in OneMain were worth $87,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP bought a new position in shares of OneMain in the third quarter valued at approximately $238,000. KBC Group NV increased its position in OneMain by 18.5% during the third quarter. KBC Group NV now owns 3,546 shares of the financial services provider’s stock worth $167,000 after acquiring an additional 553 shares during the period. OneDigital Investment Advisors LLC increased its position in OneMain by 4.8% during the third quarter. OneDigital Investment Advisors LLC now owns 6,666 shares of the financial services provider’s stock worth $314,000 after acquiring an additional 304 shares during the period. Empowered Funds LLC increased its position in OneMain by 38.1% during the third quarter. Empowered Funds LLC now owns 33,888 shares of the financial services provider’s stock worth $1,595,000 after acquiring an additional 9,349 shares during the period. Finally, Swiss National Bank increased its position in OneMain by 4.5% during the third quarter. Swiss National Bank now owns 234,000 shares of the financial services provider’s stock worth $11,014,000 after acquiring an additional 10,100 shares during the period. Institutional investors own 85.82% of the company’s stock.

Insiders Place Their Bets

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of OneMain stock in a transaction on Friday, February 21st. The shares were sold at an average price of $56.09, for a total transaction of $157,500.72. Following the completion of the transaction, the senior vice president now directly owns 15,831 shares of the company’s stock, valued at $887,960.79. The trade was a 15.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.45% of the company’s stock.

OneMain Trading Down 0.6 %

NYSE:OMF opened at $48.31 on Wednesday. OneMain Holdings, Inc. has a 1-year low of $41.70 and a 1-year high of $58.90. The firm has a fifty day simple moving average of $53.63 and a 200 day simple moving average of $51.80. The stock has a market capitalization of $5.77 billion, a PE ratio of 11.39, a P/E/G ratio of 0.44 and a beta of 1.62.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th were given a dividend of $1.04 per share. The ex-dividend date was Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a yield of 8.61%. OneMain’s dividend payout ratio (DPR) is 98.11%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on OMF. Wells Fargo & Company boosted their target price on shares of OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. Royal Bank of Canada lifted their price target on shares of OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. Barclays set a $56.00 price target on shares of OneMain in a research note on Friday. Finally, JPMorgan Chase & Co. decreased 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. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $59.27.

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.