Y Intercept Hong Kong Ltd Reduces Stock Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Y Intercept Hong Kong Ltd decreased its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 15.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,339 shares of the financial services provider’s stock after selling 4,845 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in OneMain were worth $1,373,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Quantinno Capital Management LP lifted its stake in 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 acquiring an additional 204 shares during the period. Atria Wealth Solutions Inc. raised its holdings in OneMain by 5.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 4,724 shares of the financial services provider’s stock worth $246,000 after purchasing an additional 231 shares in the last quarter. Avitas Wealth Management LLC raised its holdings in OneMain by 0.6% in the fourth quarter. Avitas Wealth Management LLC now owns 45,432 shares of the financial services provider’s stock worth $2,368,000 after purchasing an additional 256 shares in the last quarter. Allworth Financial LP raised its holdings in OneMain by 21.6% in the fourth quarter. Allworth Financial LP now owns 1,624 shares of the financial services provider’s stock worth $93,000 after purchasing an additional 288 shares in the last quarter. Finally, OneDigital Investment Advisors LLC raised its holdings in OneMain by 4.8% in the third quarter. OneDigital Investment Advisors LLC now owns 6,666 shares of the financial services provider’s stock worth $314,000 after purchasing an additional 304 shares in the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Insider Buying and Selling

In related news, SVP Michael A. Hedlund sold 2,808 shares of OneMain stock in a transaction dated 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 sale, the senior vice president now directly owns 15,831 shares in the company, valued at approximately $887,960.79. This trade represents a 15.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.45% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. JMP Securities reiterated a “market outperform” rating and issued a $65.00 price objective on shares of OneMain in a report on Monday, February 3rd. StockNews.com upgraded OneMain from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Wells Fargo & Company increased their price objective on OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. decreased their price objective on OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Finally, Stephens restated an “overweight” rating and set a $62.00 price target 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. Based on data from MarketBeat.com, OneMain has an average rating of “Moderate Buy” and an average target price of $58.36.

OneMain Stock Performance

NYSE OMF opened at $52.58 on Wednesday. OneMain Holdings, Inc. has a one year low of $41.70 and a one year high of $58.90. The stock has a 50-day moving average of $54.55 and a 200 day moving average of $51.60. The company has a market capitalization of $6.28 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 0.44 and a beta of 1.59.

OneMain Announces Dividend

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 $1.04 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $4.16 annualized dividend and a yield of 7.91%. OneMain’s payout ratio is 98.11%.

OneMain Company 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.