Gator Capital Management LLC Sells 3,750 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Gator Capital Management LLC cut its stake in OneMain Holdings, Inc. (NYSE:OMF) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,951 shares of the financial services provider’s stock after selling 3,750 shares during the period. OneMain accounts for 1.7% of Gator Capital Management LLC’s investment portfolio, making the stock its 24th largest holding. Gator Capital Management LLC’s holdings in OneMain were worth $4,585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of OneMain by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 11,889,113 shares of the financial services provider’s stock valued at $619,779,000 after purchasing an additional 40,042 shares during the last quarter. Clearbridge Investments LLC grew its holdings in OneMain by 54.1% during the 4th quarter. Clearbridge Investments LLC now owns 2,885,961 shares of the financial services provider’s stock worth $150,445,000 after acquiring an additional 1,013,312 shares during the period. Wellington Management Group LLP raised its position in shares of OneMain by 395.9% in the 4th quarter. Wellington Management Group LLP now owns 2,249,762 shares of the financial services provider’s stock worth $117,280,000 after acquiring an additional 1,796,054 shares in the last quarter. State Street Corp lifted its stake in shares of OneMain by 0.8% in the 3rd quarter. State Street Corp now owns 2,140,861 shares of the financial services provider’s stock valued at $100,770,000 after purchasing an additional 16,615 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of OneMain by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,139,793 shares of the financial services provider’s stock valued at $100,935,000 after purchasing an additional 13,978 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

Insider Buying and Selling at OneMain

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Evercore ISI started coverage on OneMain in a research note on Tuesday, March 25th. They issued an “in-line” rating and a $58.00 price target on the stock. Barclays set a $56.00 target price on shares of OneMain in a research report on Friday, March 14th. StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Wells Fargo & Company upped their price objective on shares of OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. reduced their target price on OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, OneMain presently has an average rating of “Moderate Buy” and an average target price of $59.17.

OneMain Stock Performance

Shares of OMF opened at $40.99 on Friday. The firm has a market capitalization of $4.89 billion, a P/E ratio of 9.67, a P/E/G ratio of 0.44 and a beta of 1.35. OneMain Holdings, Inc. has a 52 week low of $39.55 and a 52 week high of $58.90. The stock has a 50 day moving average price of $52.22 and a two-hundred day moving average price of $52.02.

OneMain Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Wednesday, February 12th were given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 10.15%. The ex-dividend date of this dividend was Wednesday, February 12th. OneMain’s payout ratio is currently 98.11%.

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.