Handelsbanken Fonder AB Sells 4,100 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Handelsbanken Fonder AB reduced its position in OneMain Holdings, Inc. (NYSE:OMF) by 11.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,781 shares of the financial services provider’s stock after selling 4,100 shares during the quarter. Handelsbanken Fonder AB’s holdings in OneMain were worth $1,657,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. State Street Corp raised its holdings in OneMain by 0.8% in the third quarter. State Street Corp now owns 2,140,861 shares of the financial services provider’s stock worth $100,770,000 after purchasing an additional 16,615 shares in the last quarter. Geode Capital Management LLC raised its holdings in OneMain by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,139,793 shares of the financial services provider’s stock worth $100,935,000 after purchasing an additional 13,978 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in OneMain by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,412,436 shares of the financial services provider’s stock worth $66,483,000 after purchasing an additional 30,558 shares in the last quarter. Basswood Capital Management L.L.C. raised its holdings in OneMain by 12.3% in the third quarter. Basswood Capital Management L.L.C. now owns 1,030,423 shares of the financial services provider’s stock worth $48,502,000 after purchasing an additional 113,018 shares in the last quarter. Finally, Argent Capital Management LLC raised its holdings in OneMain by 2.3% in the fourth quarter. Argent Capital Management LLC now owns 827,710 shares of the financial services provider’s stock worth $43,149,000 after purchasing an additional 18,534 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors.

OneMain Price Performance

OneMain stock opened at $52.58 on Wednesday. OneMain Holdings, Inc. has a 12 month low of $41.70 and a 12 month high of $58.90. The business has a 50 day simple moving average of $54.55 and a 200-day simple moving average of $51.60. The stock has a market capitalization of $6.28 billion, a PE ratio of 12.40, a price-to-earnings-growth ratio of 0.44 and a beta of 1.59.

OneMain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors 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 7.91%. The ex-dividend date was Wednesday, February 12th. OneMain’s dividend payout ratio is presently 98.11%.

Analyst Ratings Changes

OMF has been the topic of several recent analyst reports. StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Compass Point upped their price objective on shares of OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Wells Fargo & Company upped their price objective on shares of OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. Stephens restated an “overweight” rating and set a $62.00 price objective on shares of OneMain in a report on Monday, February 3rd. Finally, JMP Securities restated a “market outperform” rating and set a $65.00 price objective on shares of OneMain in a report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, OneMain presently has an average rating of “Moderate Buy” and an average price target of $58.36.

Insider Buying and Selling at OneMain

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