OneMain Holdings, Inc. (NYSE:OMF) Stock Position Trimmed by Summit Trail Advisors LLC

Summit Trail Advisors LLC decreased its position in OneMain Holdings, Inc. (NYSE:OMF) by 11.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,571 shares of the financial services provider’s stock after selling 727 shares during the period. Summit Trail Advisors LLC’s holdings in OneMain were worth $290,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. State Street Corp raised its stake in OneMain by 0.8% during the 3rd quarter. State Street Corp now owns 2,140,861 shares of the financial services provider’s stock valued at $100,770,000 after acquiring an additional 16,615 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of OneMain by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,139,793 shares of the financial services provider’s stock valued at $100,935,000 after purchasing an additional 13,978 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in OneMain by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,412,436 shares of the financial services provider’s stock worth $66,483,000 after purchasing an additional 30,558 shares during the period. Basswood Capital Management L.L.C. grew its position in OneMain by 12.3% in the 3rd quarter. Basswood Capital Management L.L.C. now owns 1,030,423 shares of the financial services provider’s stock valued at $48,502,000 after buying an additional 113,018 shares in the last quarter. Finally, Argent Capital Management LLC increased its stake in OneMain by 2.3% during the 4th quarter. Argent Capital Management LLC now owns 827,710 shares of the financial services provider’s stock valued at $43,149,000 after buying an additional 18,534 shares during the period. Institutional investors and hedge funds own 85.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on OMF shares. Stephens reaffirmed an “overweight” rating and issued a $62.00 price target on shares of OneMain in a research note on Monday, February 3rd. StockNews.com upgraded OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday. Royal Bank of Canada lifted their price target on OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Wells Fargo & Company upped their price objective on OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. decreased their target price on OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $58.36.

OneMain Trading Down 3.4 %

OMF stock opened at $54.78 on Thursday. OneMain Holdings, Inc. has a one year low of $41.70 and a one year high of $58.90. The firm has a 50-day moving average of $54.59 and a two-hundred day moving average of $51.08. The firm has a market capitalization of $6.54 billion, a PE ratio of 12.92, a P/E/G ratio of 0.45 and a beta of 1.59.

OneMain Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Wednesday, February 12th will be given a $1.04 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.16 annualized dividend and a dividend yield of 7.59%. OneMain’s dividend payout ratio (DPR) is presently 98.11%.

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.