Asio Capital LLC Reduces Position in OneMain Holdings, Inc. (NYSE:OMF)

Asio Capital LLC decreased its position in OneMain Holdings, Inc. (NYSE:OMF) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,629 shares of the financial services provider’s stock after selling 2,850 shares during the period. Asio Capital LLC owned approximately 0.07% of OneMain worth $4,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quantinno Capital Management LP raised its stake in shares of OneMain by 0.7% in the third quarter. Quantinno Capital Management LP now owns 27,732 shares of the financial services provider’s stock worth $1,305,000 after purchasing an additional 204 shares during the last quarter. UMB Bank n.a. increased its holdings in OneMain by 13.9% in the 3rd quarter. UMB Bank n.a. now owns 2,026 shares of the financial services provider’s stock worth $95,000 after buying an additional 247 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in OneMain by 13.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,276 shares of the financial services provider’s stock worth $110,000 after buying an additional 271 shares during the last quarter. OneDigital Investment Advisors LLC boosted its holdings in shares of OneMain by 4.8% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 6,666 shares of the financial services provider’s stock valued at $314,000 after acquiring an additional 304 shares during the last quarter. Finally, Peak Financial Advisors LLC increased its stake in shares of OneMain by 3.3% in the fourth quarter. Peak Financial Advisors LLC now owns 9,588 shares of the financial services provider’s stock worth $500,000 after acquiring an additional 310 shares during the period. Institutional investors and hedge funds own 85.82% of the company’s stock.

OneMain Trading Down 0.6 %

NYSE:OMF opened at $57.63 on Friday. The firm has a market cap of $6.88 billion, a P/E ratio of 12.61, a price-to-earnings-growth ratio of 0.50 and a beta of 1.58. The stock has a 50 day moving average of $54.63 and a two-hundred day moving average of $50.62. OneMain Holdings, Inc. has a 12 month low of $41.70 and a 12 month high of $58.22.

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were issued a $1.04 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $4.16 dividend on an annualized basis and a yield of 7.22%. OneMain’s payout ratio is currently 91.03%.

Insiders Place Their Bets

In related news, SVP Michael A. Hedlund sold 1,992 shares of OneMain stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total transaction of $103,584.00. Following the transaction, the senior vice president now owns 18,955 shares in the company, valued at approximately $985,660. This trade represents a 9.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Douglas H. Shulman sold 5,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $53.00, for a total value of $265,000.00. Following the transaction, the chief executive officer now directly owns 412,474 shares in the company, valued at $21,861,122. This trade represents a 1.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,492 shares of company stock valued at $1,582,384 in the last 90 days. 0.45% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on OMF shares. JPMorgan Chase & Co. lowered their price target on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. JMP Securities raised their target price on OneMain from $60.00 to $62.00 and gave the stock a “market outperform” rating in a report on Thursday, October 31st. Royal Bank of Canada reissued an “outperform” rating and issued a $62.00 price target on shares of OneMain in a report on Thursday, January 16th. Compass Point raised their price objective on shares of OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Stephens assumed coverage on shares of OneMain in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $62.00 target price for the company. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, OneMain presently has an average rating of “Moderate Buy” and a consensus price target of $56.69.

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.