Kovack Advisors Inc. Sells 1,660 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Kovack Advisors Inc. decreased its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 22.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,798 shares of the financial services provider’s stock after selling 1,660 shares during the period. Kovack Advisors Inc.’s holdings in OneMain were worth $302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. IFP Advisors Inc lifted its stake in OneMain by 180.0% in the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 495 shares in the last quarter. TCW Group Inc. raised its position in OneMain by 8.1% in the 4th quarter. TCW Group Inc. now owns 60,559 shares of the financial services provider’s stock worth $3,157,000 after purchasing an additional 4,560 shares during the period. Concurrent Investment Advisors LLC grew its stake in OneMain by 10.9% in the 4th quarter. Concurrent Investment Advisors LLC now owns 9,296 shares of the financial services provider’s stock worth $485,000 after acquiring an additional 910 shares in the last quarter. Ieq Capital LLC bought a new position in OneMain in the 4th quarter worth about $896,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in OneMain in the 4th quarter worth about $126,000. Institutional investors own 85.82% of the company’s stock.

Analyst Upgrades and Downgrades

OMF has been the topic of a number of recent research reports. Stephens reiterated an “overweight” rating and set a $62.00 price objective on shares of OneMain in a research note on Monday, February 3rd. JMP Securities reaffirmed a “market outperform” rating and issued a $65.00 price target on shares of OneMain in a report on Monday, February 3rd. JPMorgan Chase & Co. decreased their price target on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Wells Fargo & Company raised their target price on shares of OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. Finally, Royal Bank of Canada raised their target price on shares of OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, OneMain has an average rating of “Moderate Buy” and an average target price of $58.36.

Insider Transactions at OneMain

In related news, SVP Michael A. Hedlund sold 2,808 shares of the firm’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 owns 15,831 shares in the company, valued at $887,960.79. This trade represents a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.45% of the company’s stock.

OneMain Price Performance

OMF stock opened at $53.69 on Friday. The company has a fifty day moving average price of $54.66 and a 200 day moving average price of $51.68. 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 $6.41 billion, a price-to-earnings ratio of 12.66, a price-to-earnings-growth ratio of 0.44 and a beta of 1.59.

OneMain Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 7.75%. The ex-dividend date was Wednesday, February 12th. OneMain’s dividend payout ratio (DPR) is presently 98.11%.

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.