Parkwood LLC Has $6.43 Million Stock Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Parkwood LLC cut its stake in OneMain Holdings, Inc. (NYSE:OMF) by 4.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,604 shares of the financial services provider’s stock after selling 5,828 shares during the period. Parkwood LLC owned approximately 0.11% of OneMain worth $6,426,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new position in shares of OneMain during the 3rd quarter worth $26,000. Blue Trust Inc. grew its position in OneMain by 49.9% during the 4th quarter. Blue Trust Inc. now owns 730 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 243 shares during the last quarter. Benjamin F. Edwards & Company Inc. bought a new stake in OneMain during the 4th quarter worth $36,000. Operose Advisors LLC bought a new stake in OneMain during the 3rd quarter worth $40,000. Finally, ZRC Wealth Management LLC bought a new stake in OneMain during the 4th quarter worth $45,000. 85.82% of the stock is owned by institutional investors and hedge funds.

OneMain Trading Down 0.2 %

Shares of OMF traded down $0.12 on Thursday, reaching $48.06. 448,073 shares of the company’s stock traded hands, compared to its average volume of 993,702. The stock’s 50 day simple moving average is $49.27 and its two-hundred day simple moving average is $48.07. OneMain Holdings, Inc. has a 52-week low of $35.00 and a 52-week high of $53.65. The stock has a market cap of $5.76 billion, a PE ratio of 9.37, a PEG ratio of 0.73 and a beta of 1.59.

OneMain (NYSE:OMF) last posted its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.07. OneMain had a return on equity of 20.78% and a net margin of 13.29%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $907.93 million. During the same period last year, the company earned $1.46 earnings per share. Analysts forecast that OneMain Holdings, Inc. will post 5.57 earnings per share for the current year.

OneMain Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Friday, May 10th were given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.66%. The ex-dividend date of this dividend was Thursday, May 9th. This is an increase from OneMain’s previous quarterly dividend of $1.00. OneMain’s dividend payout ratio (DPR) is 81.09%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on OMF. StockNews.com upgraded OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 14th. Wells Fargo & Company boosted their price objective on OneMain from $48.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 2nd. BTIG Research assumed coverage on OneMain in a research report on Friday, June 7th. They set a “neutral” rating on the stock. TD Cowen upped their price target on OneMain from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, BMO Capital Markets upped their price target on OneMain from $48.00 to $50.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.38.

Insider Buying and Selling at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $48.10, for a total transaction of $144,300.00. Following the sale, the senior vice president now owns 28,147 shares in the company, valued at $1,353,870.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Michael A. Hedlund sold 3,000 shares of OneMain stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $48.10, for a total value of $144,300.00. Following the transaction, the senior vice president now owns 28,147 shares in the company, valued at $1,353,870.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Micah R. Conrad sold 7,500 shares of OneMain stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $50.63, for a total value of $379,725.00. Following the completion of the transaction, the chief operating officer now owns 119,525 shares in the company, valued at approximately $6,051,550.75. The disclosure for this sale can be found here. Insiders have sold 29,500 shares of company stock worth $1,500,055 over the last 90 days. Corporate insiders own 0.45% of the company’s stock.

About OneMain

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.