Verdence Capital Advisors LLC Sells 4,925 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Verdence Capital Advisors LLC cut its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 12.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,228 shares of the financial services provider’s stock after selling 4,925 shares during the period. Verdence Capital Advisors LLC’s holdings in OneMain were worth $1,836,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of OMF. Legend Financial Advisors Inc. bought a new stake in OneMain during the 4th quarter worth approximately $26,000. FNY Investment Advisers LLC acquired a new position in OneMain during the 4th quarter worth $26,000. Albion Financial Group UT acquired a new position in OneMain during the 4th quarter worth $26,000. Continuum Advisory LLC acquired a new position in OneMain during the 3rd quarter worth $28,000. Finally, IFP Advisors Inc lifted its holdings in OneMain by 180.0% during the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider’s stock worth $40,000 after buying an additional 495 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on OMF shares. Stephens reaffirmed an “overweight” rating and set a $62.00 price objective on shares of OneMain in a report on Monday, February 3rd. JMP Securities reaffirmed a “market outperform” rating and set a $65.00 price objective on shares of OneMain in a report on Monday, February 3rd. StockNews.com raised OneMain from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Royal Bank of Canada upped their price objective on OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. cut their price target on OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, OneMain has a consensus rating of “Moderate Buy” and a consensus price target of $58.36.

OneMain Trading Up 0.7 %

Shares of OneMain stock opened at $50.22 on Thursday. The stock’s fifty day simple moving average is $54.59 and its 200 day simple moving average is $51.83. The company has a market capitalization of $5.99 billion, a PE ratio of 11.84, a PEG ratio of 0.44 and a beta of 1.62. OneMain Holdings, Inc. has a 12 month low of $41.70 and a 12 month high of $58.90.

OneMain Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th were issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 8.28%. The ex-dividend date was Wednesday, February 12th. OneMain’s dividend payout ratio (DPR) is presently 98.11%.

Insiders Place Their Bets

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of the stock in a transaction dated Friday, February 21st. The stock was 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 owns 15,831 shares in the company, valued at approximately $887,960.79. This represents a 15.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.45% of the company’s stock.

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.