Grantham Mayo Van Otterloo & Co. LLC Sells 24,372 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Grantham Mayo Van Otterloo & Co. LLC lowered its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 45.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,005 shares of the financial services provider’s stock after selling 24,372 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in OneMain were worth $1,512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Legend Financial Advisors Inc. purchased a new position in shares of OneMain in the 4th quarter worth approximately $26,000. FNY Investment Advisers LLC acquired a new stake in OneMain in the fourth quarter valued at approximately $26,000. Albion Financial Group UT purchased a new position in OneMain in the fourth quarter worth $26,000. Continuum Advisory LLC acquired a new position in shares of OneMain during the third quarter worth $28,000. Finally, IFP Advisors Inc lifted its holdings in shares of OneMain by 180.0% during the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 495 shares during the last quarter. 85.82% of the stock is currently owned by institutional investors.

OneMain Stock Performance

Shares of OMF opened at $41.51 on Tuesday. The company has a market capitalization of $4.95 billion, a P/E ratio of 9.79, a P/E/G ratio of 0.44 and a beta of 1.35. The business’s 50-day moving average is $51.90 and its two-hundred day moving average is $51.99. OneMain Holdings, Inc. has a fifty-two week low of $38.00 and a fifty-two week high of $58.90.

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 dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 10.02%. The ex-dividend date of this dividend was Wednesday, February 12th. OneMain’s dividend payout ratio is currently 98.11%.

Insider Buying and Selling at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of OneMain stock in a transaction on 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 transaction, the senior vice president now owns 15,831 shares of the company’s stock, valued at approximately $887,960.79. The trade was a 15.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.45% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. JMP Securities restated a “market outperform” rating and set a $65.00 target price on shares of OneMain in a research note on Monday, February 3rd. JPMorgan Chase & Co. dropped 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. Evercore ISI assumed coverage on shares of OneMain in a research report on Tuesday, March 25th. They issued an “in-line” rating and a $58.00 price objective for the company. Stephens reissued an “overweight” rating and set a $62.00 target price on shares of OneMain in a research report on Monday, February 3rd. Finally, Wells Fargo & Company raised their price target 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. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $59.17.

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.