Gator Capital Management LLC Sells 3,750 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Gator Capital Management LLC lessened its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,951 shares of the financial services provider’s stock after selling 3,750 shares during the period. OneMain makes up approximately 1.7% of Gator Capital Management LLC’s investment portfolio, making the stock its 24th largest position. Gator Capital Management LLC owned about 0.07% of OneMain worth $4,585,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ieq Capital LLC acquired a new position in OneMain in the 4th quarter valued at $896,000. PNC Financial Services Group Inc. grew its stake in shares of OneMain by 15.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,263 shares of the financial services provider’s stock valued at $222,000 after acquiring an additional 569 shares in the last quarter. IFP Advisors Inc increased its position in OneMain by 180.0% during the fourth 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. TCW Group Inc. raised its stake in OneMain by 23.7% in the 3rd quarter. TCW Group Inc. now owns 55,999 shares of the financial services provider’s stock worth $2,636,000 after purchasing an additional 10,744 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its holdings in OneMain by 143.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 17,405 shares of the financial services provider’s stock valued at $819,000 after purchasing an additional 10,253 shares during the period. Institutional investors and hedge funds own 85.82% of the company’s stock.

Wall Street Analyst Weigh In

OMF has been the subject of a number of analyst reports. Wells Fargo & Company lifted their price target on shares of OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. Evercore ISI started coverage on OneMain in a research report on Tuesday, March 25th. They set an “in-line” rating and a $58.00 target price for the company. StockNews.com upgraded OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. JPMorgan Chase & Co. cut their price objective on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Finally, JMP Securities reissued a “market outperform” rating and issued a $65.00 target price on shares of OneMain in a report on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $59.17.

OneMain Price Performance

Shares of OneMain stock opened at $40.99 on Friday. The company’s 50 day moving average price is $52.22 and its two-hundred day moving average price is $52.02. The firm has a market capitalization of $4.89 billion, a P/E ratio of 9.67, a P/E/G ratio of 0.44 and a beta of 1.35. OneMain Holdings, Inc. has a fifty-two week low of $39.55 and a fifty-two week 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 $1.04 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a yield of 10.15%. OneMain’s payout ratio is presently 98.11%.

Insider Buying and Selling at OneMain

In other news, SVP Michael A. Hedlund sold 2,808 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was 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 $887,960.79. This represents a 15.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.45% of the company’s stock.

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.