Grantham Mayo Van Otterloo & Co. LLC Cuts Stock Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Grantham Mayo Van Otterloo & Co. LLC lessened its position in OneMain Holdings, Inc. (NYSE:OMF) by 45.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 29,005 shares of the financial services provider’s stock after selling 24,372 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in OneMain were worth $1,512,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Quantinno Capital Management LP boosted its position in shares of OneMain by 0.7% during the 3rd quarter. Quantinno Capital Management LP now owns 27,732 shares of the financial services provider’s stock valued at $1,305,000 after acquiring an additional 204 shares during the last quarter. SlateStone Wealth LLC raised its stake in OneMain by 3.2% during the fourth quarter. SlateStone Wealth LLC now owns 7,074 shares of the financial services provider’s stock worth $369,000 after purchasing an additional 220 shares during the period. Atria Wealth Solutions Inc. boosted its holdings in OneMain by 5.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 4,724 shares of the financial services provider’s stock valued at $246,000 after purchasing an additional 231 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of OneMain by 4.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,884 shares of the financial services provider’s stock valued at $307,000 after buying an additional 234 shares during the period. Finally, Avitas Wealth Management LLC increased its holdings in shares of OneMain by 0.6% during the 4th quarter. Avitas Wealth Management LLC now owns 45,432 shares of the financial services provider’s stock worth $2,368,000 after buying an additional 256 shares during the last quarter. 85.82% of the stock is owned by institutional investors and hedge funds.

OneMain Stock Up 1.2 %

NYSE:OMF opened at $41.51 on Tuesday. OneMain Holdings, Inc. has a 52 week low of $38.00 and a 52 week high of $58.90. The company has a fifty day simple moving average of $51.90 and a two-hundred day simple moving average of $51.99. The company has a market cap of $4.95 billion, a price-to-earnings ratio of 9.79, a price-to-earnings-growth ratio of 0.44 and a beta of 1.35.

OneMain Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Wednesday, February 12th were paid a dividend of $1.04 per share. The ex-dividend date was Wednesday, February 12th. This represents a $4.16 annualized dividend and a yield of 10.02%. OneMain’s payout ratio is 98.11%.

Insiders Place Their Bets

In other news, SVP Michael A. Hedlund sold 2,808 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was 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 directly 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 filing with the SEC, which can be accessed through the SEC website. 0.45% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Royal Bank of Canada upped their price objective on OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. lowered their price target on OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Barclays set a $56.00 target price on shares of OneMain in a research report on Friday, March 14th. JMP Securities reiterated a “market outperform” rating and set a $65.00 price target on shares of OneMain in a research report on Monday, February 3rd. Finally, Evercore ISI initiated coverage on shares of OneMain in a report on Tuesday, March 25th. They issued an “in-line” rating and a $58.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $59.17.

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.