OneMain Holdings, Inc. (NYSE:OMF) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lowered its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 48.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,981 shares of the financial services provider’s stock after selling 53,464 shares during the period. Rockefeller Capital Management L.P.’s holdings in OneMain were worth $3,023,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Sterling Capital Management LLC boosted its position in shares of OneMain by 56.7% during the 4th quarter. Sterling Capital Management LLC now owns 6,743 shares of the financial services provider’s stock valued at $352,000 after acquiring an additional 2,439 shares during the last quarter. Covestor Ltd boosted its holdings in OneMain by 23.5% in the 4th quarter. Covestor Ltd now owns 3,937 shares of the financial services provider’s stock valued at $205,000 after purchasing an additional 749 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of OneMain in the 4th quarter valued at approximately $2,075,000. Abacus FCF Advisors LLC raised its position in shares of OneMain by 45.1% during the 4th quarter. Abacus FCF Advisors LLC now owns 11,963 shares of the financial services provider’s stock valued at $624,000 after buying an additional 3,720 shares during the period. Finally, Renaissance Technologies LLC grew its position in OneMain by 27.9% in the fourth quarter. Renaissance Technologies LLC now owns 167,100 shares of the financial services provider’s stock worth $8,711,000 after acquiring an additional 36,400 shares during the period. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

OneMain Price Performance

NYSE:OMF opened at $44.38 on Friday. OneMain Holdings, Inc. has a 12 month low of $38.00 and a 12 month high of $58.90. The firm has a market capitalization of $5.29 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 0.44 and a beta of 1.35. The business’s fifty day moving average price is $49.33 and its 200 day moving average price is $51.64.

OneMain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were issued a $1.04 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 9.37%. OneMain’s payout ratio is currently 98.11%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on OMF. JMP Securities reissued a “market outperform” rating and set a $65.00 price objective on shares of OneMain in a research report on Monday, February 3rd. Barclays set a $56.00 price objective on shares of OneMain in a research report on Friday, March 14th. StockNews.com upgraded OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Northland Capmk upgraded OneMain from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 8th. Finally, Evercore ISI began coverage on OneMain in a report on Tuesday, March 25th. They set an “in-line” rating and a $58.00 target price for the company. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, OneMain currently has an average rating of “Moderate Buy” and a consensus target price of $58.17.

Insider Transactions at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of the 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 transaction, the senior vice president now directly owns 15,831 shares in the company, valued at $887,960.79. This represents a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.45% of the company’s stock.

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.