Handelsinvest Investeringsforvaltning Sells 2,186 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Handelsinvest Investeringsforvaltning lowered its position in OneMain Holdings, Inc. (NYSE:OMF) by 34.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,211 shares of the financial services provider’s stock after selling 2,186 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in OneMain were worth $215,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in shares of OneMain by 49.9% in the 4th quarter. Blue Trust Inc. now owns 730 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 243 shares in the last quarter. Benjamin F. Edwards & Company Inc. bought a new stake in shares of OneMain during the fourth quarter worth about $36,000. ZRC Wealth Management LLC acquired a new stake in shares of OneMain in the 4th quarter worth about $45,000. Edmond DE Rothschild Holding S.A. bought a new position in OneMain in the 4th quarter valued at about $47,000. Finally, Allworth Financial LP boosted its stake in OneMain by 25.4% during the 4th quarter. Allworth Financial LP now owns 1,339 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 271 shares during the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. BTIG Research assumed coverage on OneMain in a report on Friday, June 7th. They set a “neutral” rating for the company. Wells Fargo & Company boosted their price objective on OneMain from $48.00 to $53.00 and gave the stock an “equal weight” rating in a report on Thursday, May 2nd. TD Cowen boosted their price objective on OneMain from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. boosted their price objective on OneMain from $51.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Finally, Royal Bank of Canada boosted their price objective on OneMain from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $54.83.

Insider Activity at OneMain

In related news, SVP Michael A. Hedlund sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $48.10, for a total value of $144,300.00. Following the transaction, the senior vice president now owns 28,147 shares in the company, valued at $1,353,870.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other OneMain news, SVP Michael A. Hedlund sold 3,000 shares of the stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $48.10, for a total transaction of $144,300.00. Following the sale, the senior vice president now owns 28,147 shares in the company, valued at $1,353,870.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Micah R. Conrad sold 7,500 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $50.63, for a total value of $379,725.00. Following the sale, the chief operating officer now owns 119,525 shares in the company, valued at approximately $6,051,550.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,500 shares of company stock worth $1,500,055. Insiders own 0.45% of the company’s stock.

OneMain Stock Down 0.3 %

OMF stock opened at $48.74 on Thursday. The firm has a market cap of $5.84 billion, a PE ratio of 9.50, a P/E/G ratio of 0.73 and a beta of 1.58. The business has a 50 day moving average of $49.23 and a 200-day moving average of $48.53. OneMain Holdings, Inc. has a 12-month low of $35.00 and a 12-month high of $53.65.

OneMain (NYSE:OMF) last posted its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.38 by $0.07. OneMain had a return on equity of 20.78% and a net margin of 13.29%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $907.93 million. During the same quarter in the prior year, the business earned $1.46 earnings per share. On average, research analysts expect that OneMain Holdings, Inc. will post 5.57 earnings per share for the current year.

OneMain Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Friday, May 10th were paid a $1.04 dividend. This is an increase from OneMain’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $4.16 annualized dividend and a yield of 8.54%. OneMain’s dividend payout ratio is presently 81.09%.

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.