OneMain Holdings, Inc. (NYSE:OMF) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lessened its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 76.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,103 shares of the financial services provider’s stock after selling 23,138 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in OneMain were worth $370,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in OMF. Ieq Capital LLC purchased a new position in shares of OneMain in the fourth quarter worth about $896,000. Orion Portfolio Solutions LLC grew its holdings in shares of OneMain by 66.5% in the fourth 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 in the last quarter. PNC Financial Services Group Inc. grew its holdings in OneMain by 15.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,263 shares of the financial services provider’s stock worth $222,000 after acquiring an additional 569 shares in the last quarter. IFP Advisors Inc lifted its position 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 worth $40,000 after buying an additional 495 shares during the last quarter. Finally, TCW Group Inc. raised its position in OneMain by 23.7% in the 3rd quarter. TCW Group Inc. now owns 55,999 shares of the financial services provider’s stock valued at $2,636,000 after purchasing an additional 10,744 shares during the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on OMF. Wells Fargo & Company boosted their price objective on shares of OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. Royal Bank of Canada lifted their price target on shares of OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. StockNews.com raised shares of OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Evercore ISI initiated coverage on shares of OneMain in a research note on Tuesday, March 25th. They issued an “in-line” rating and a $58.00 price target for the company. Finally, JMP Securities restated a “market outperform” rating and issued a $65.00 price target on shares of OneMain in a research note on Monday, February 3rd. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $58.17.

Insider Activity

In other news, SVP Michael A. Hedlund sold 2,808 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $56.09, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.45% of the company’s stock.

OneMain Stock Performance

Shares of OMF opened at $45.76 on Thursday. OneMain Holdings, Inc. has a 1 year low of $38.00 and a 1 year high of $58.90. The company has a market cap of $5.46 billion, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 0.44 and a beta of 1.35. The firm has a fifty day moving average of $50.77 and a 200-day moving average of $51.78.

OneMain Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 9.09%. The ex-dividend date was Wednesday, February 12th. OneMain’s dividend payout ratio (DPR) is 98.11%.

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.