Wedge Capital Management L L P NC Sells 33,592 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Wedge Capital Management L L P NC trimmed its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 16.4% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 171,595 shares of the financial services provider’s stock after selling 33,592 shares during the quarter. Wedge Capital Management L L P NC owned about 0.14% of OneMain worth $8,077,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of OneMain by 3.1% in the first quarter. Vanguard Group Inc. now owns 12,317,755 shares of the financial services provider’s stock worth $629,314,000 after acquiring an additional 373,900 shares during the period. Capital International Investors boosted its stake in shares of OneMain by 10.2% in the 1st quarter. Capital International Investors now owns 9,570,103 shares of the financial services provider’s stock worth $488,937,000 after buying an additional 889,387 shares during the last quarter. Dimensional Fund Advisors LP increased its position in OneMain by 9.0% during the second quarter. Dimensional Fund Advisors LP now owns 3,288,643 shares of the financial services provider’s stock valued at $159,465,000 after acquiring an additional 270,207 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in OneMain by 1.3% in the second quarter. Clearbridge Investments LLC now owns 1,914,355 shares of the financial services provider’s stock valued at $92,827,000 after acquiring an additional 24,338 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in OneMain by 36.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,366,621 shares of the financial services provider’s stock worth $67,238,000 after purchasing an additional 367,823 shares during the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on OMF shares. Wells Fargo & Company lowered their price objective on shares of OneMain from $53.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Monday. JMP Securities reaffirmed a “market outperform” rating and set a $60.00 price objective on shares of OneMain in a research report on Monday. StockNews.com lowered shares of OneMain from a “buy” rating to a “hold” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. lowered their price target on shares of OneMain from $56.00 to $51.00 and set an “overweight” rating on the stock in a report on Monday, October 7th. Finally, Northland Securities raised their price objective on shares of OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $54.00.

OneMain Stock Performance

Shares of NYSE OMF opened at $46.35 on Tuesday. OneMain Holdings, Inc. has a fifty-two week low of $35.00 and a fifty-two week high of $54.94. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 0.87 and a beta of 1.56. The business’s 50 day moving average price is $46.72 and its 200-day moving average price is $48.44.

OneMain (NYSE:OMF) last released its earnings results on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.12. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $918.74 million. OneMain had a return on equity of 20.63% and a net margin of 12.33%. During the same quarter last year, the firm posted $1.01 earnings per share. Sell-side analysts predict that OneMain Holdings, Inc. will post 4.91 earnings per share for the current year.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 12th were given a $1.04 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $4.16 annualized dividend and a yield of 8.98%. OneMain’s dividend payout ratio (DPR) is 81.09%.

Insiders Place Their Bets

In other OneMain news, COO Micah R. Conrad sold 2,500 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $45.75, for a total value of $114,375.00. Following the completion of the sale, the chief operating officer now directly owns 117,025 shares in the company, valued at approximately $5,353,893.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO Micah R. Conrad sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $45.75, for a total value of $114,375.00. Following the completion of the sale, the chief operating officer now owns 117,025 shares of the company’s stock, valued at approximately $5,353,893.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Micah R. Conrad sold 1,614 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $50.00, for a total transaction of $80,700.00. Following the completion of the transaction, the chief operating officer now directly owns 110,411 shares of the company’s stock, valued at $5,520,550. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,300 shares of company stock worth $1,534,275 in the last three months. Corporate insiders own 0.45% of the company’s stock.

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.