DAVENPORT & Co LLC Sells 5,502 Shares of OneMain Holdings, Inc. (NYSE:OMF)

DAVENPORT & Co LLC cut its stake in OneMain Holdings, Inc. (NYSE:OMF) by 5.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 95,101 shares of the financial services provider’s stock after selling 5,502 shares during the period. DAVENPORT & Co LLC owned approximately 0.08% of OneMain worth $4,958,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in OMF. Legend Financial Advisors Inc. acquired a new position in OneMain during the 4th quarter worth approximately $26,000. FNY Investment Advisers LLC bought a new stake in shares of OneMain in the fourth quarter worth $26,000. Albion Financial Group UT acquired a new position in OneMain during the fourth quarter worth $26,000. Continuum Advisory LLC bought a new position in OneMain in the third quarter valued at $28,000. Finally, R Squared Ltd acquired a new stake in OneMain in the 4th quarter valued at $44,000. Institutional investors own 85.82% of the company’s stock.

OneMain Trading Down 1.7 %

NYSE OMF opened at $54.60 on Tuesday. The company has a fifty day simple moving average of $54.74 and a 200 day simple moving average of $50.87. OneMain Holdings, Inc. has a 12-month low of $41.70 and a 12-month high of $58.90. The company has a market cap of $6.52 billion, a P/E ratio of 12.88, a PEG ratio of 0.48 and a beta of 1.59.

OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Wednesday, February 12th will be issued a $1.04 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.62%. OneMain’s dividend payout ratio is presently 98.11%.

Analyst Upgrades and Downgrades

OMF has been the subject of several analyst reports. StockNews.com upgraded OneMain from a “hold” rating to a “buy” rating in a report on Monday. Compass Point raised their price target on OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Wells Fargo & Company boosted 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. JPMorgan Chase & Co. cut their price objective on OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Finally, Barclays downgraded shares of OneMain from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $52.00 to $46.00 in a report on Tuesday, October 8th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $57.15.

Insider Activity at OneMain

In other news, CEO Douglas H. Shulman sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was 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 owns 392,474 shares in the company, valued at $21,268,166.06. This trade represents a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.45% of the stock is owned by insiders.

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.