Verdence Capital Advisors LLC Sells 4,925 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Verdence Capital Advisors LLC decreased its stake in OneMain Holdings, Inc. (NYSE:OMF) by 12.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,228 shares of the financial services provider’s stock after selling 4,925 shares during the period. Verdence Capital Advisors LLC’s holdings in OneMain were worth $1,836,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Legend Financial Advisors Inc. acquired a new stake in OneMain in the 4th quarter valued at about $26,000. FNY Investment Advisers LLC acquired a new stake in OneMain in the 4th quarter valued at about $26,000. Albion Financial Group UT acquired a new stake in OneMain in the 4th quarter valued at about $26,000. Continuum Advisory LLC acquired a new stake in OneMain in the 3rd quarter valued at about $28,000. Finally, IFP Advisors Inc lifted its stake in OneMain by 180.0% in the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 495 shares during the last quarter. Institutional investors own 85.82% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on OMF. StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. Wells Fargo & Company raised their price objective on shares of OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. 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. JMP Securities restated a “market outperform” rating and set a $65.00 price objective on shares of OneMain in a research report on Monday, February 3rd. Finally, Royal Bank of Canada raised their price objective on shares of OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, OneMain currently has a consensus rating of “Moderate Buy” and an average target price of $58.36.

OneMain Trading Up 0.7 %

NYSE OMF opened at $50.22 on Thursday. OneMain Holdings, Inc. has a 1-year low of $41.70 and a 1-year high of $58.90. The company has a 50 day moving average of $54.59 and a 200-day moving average of $51.83. The company has a market cap of $5.99 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 0.44 and a beta of 1.62.

OneMain Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were given a $1.04 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.28%. OneMain’s payout ratio is 98.11%.

Insider Activity

In other news, SVP Michael A. Hedlund sold 2,808 shares of OneMain stock in a transaction that occurred on Friday, February 21st. The shares were 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. The trade was a 15.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.45% of the stock is owned by company insiders.

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.