OneMain Holdings, Inc. (NYSE:OMF) Shares Sold by Park West Asset Management LLC

Park West Asset Management LLC decreased its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 29.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 704,759 shares of the financial services provider’s stock after selling 300,800 shares during the quarter. OneMain comprises approximately 3.0% of Park West Asset Management LLC’s portfolio, making the stock its 16th biggest holding. Park West Asset Management LLC’s holdings in OneMain were worth $36,739,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in OMF. Ieq Capital LLC purchased a new position in OneMain during the fourth quarter worth $896,000. Orion Portfolio Solutions LLC raised its stake in OneMain by 66.5% in the 4th quarter. Orion Portfolio Solutions LLC now owns 17,681 shares of the financial services provider’s stock valued at $922,000 after purchasing an additional 7,060 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in OneMain by 15.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,263 shares of the financial services provider’s stock valued at $222,000 after purchasing an additional 569 shares in the last quarter. IFP Advisors Inc grew 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 acquiring an additional 495 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in OneMain by 12.1% in the 3rd quarter. Principal Financial Group Inc. now owns 805,256 shares of the financial services provider’s stock valued at $37,903,000 after acquiring an additional 87,084 shares during the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Wells Fargo & Company upped their price target on shares of OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. Evercore ISI initiated coverage on shares of OneMain in a research report on Tuesday, March 25th. They issued an “in-line” rating and a $58.00 target price for the company. Stephens reaffirmed an “overweight” rating and issued a $62.00 price target on shares of OneMain in a report on Monday, February 3rd. StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. Finally, JPMorgan Chase & Co. reduced their price target on shares of OneMain from $58.00 to $46.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, OneMain presently has an average rating of “Moderate Buy” and an average price target of $58.17.

OneMain Trading Up 1.0 %

Shares of NYSE OMF opened at $49.29 on Tuesday. The business has a 50-day moving average price of $47.97 and a two-hundred day moving average price of $51.76. The firm has a market capitalization of $5.88 billion, a PE ratio of 11.63, a PEG ratio of 0.44 and a beta of 1.35. OneMain Holdings, Inc. has a one year low of $38.00 and a one year high of $58.90.

OneMain (NYSE:OMF) last issued its earnings results on Tuesday, April 29th. The financial services provider reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.15. OneMain had a return on equity of 18.39% and a net margin of 10.19%. Research analysts anticipate that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 9th will be given a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 8.44%. OneMain’s dividend payout ratio is 98.11%.

Insider Transactions at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of the firm’s 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 transaction, the senior vice president now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.45% of the stock is currently owned by company insiders.

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.