OneMain Holdings, Inc. (NYSE:OMF) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd trimmed its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 76.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,103 shares of the financial services provider’s stock after selling 23,138 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in OneMain were worth $370,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Quantinno Capital Management LP raised its holdings in OneMain by 0.7% during the 3rd quarter. Quantinno Capital Management LP now owns 27,732 shares of the financial services provider’s stock worth $1,305,000 after buying an additional 204 shares during the period. Stifel Financial Corp raised its holdings in OneMain by 16.1% during the 3rd quarter. Stifel Financial Corp now owns 79,396 shares of the financial services provider’s stock worth $3,737,000 after buying an additional 10,994 shares during the period. State Street Corp raised its holdings 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 worth $100,770,000 after buying an additional 16,615 shares during the period. Wellington Management Group LLP raised its holdings in OneMain by 12.0% during the 3rd quarter. Wellington Management Group LLP now owns 453,708 shares of the financial services provider’s stock worth $21,356,000 after buying an additional 48,790 shares during the period. Finally, Orion Portfolio Solutions LLC raised its holdings in OneMain by 65.1% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 10,621 shares of the financial services provider’s stock worth $500,000 after buying an additional 4,188 shares during the period. 85.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on OMF. Northland Securities upgraded OneMain from a “market perform” rating to an “outperform” rating in a report on Tuesday. JMP Securities reiterated a “market outperform” rating and issued a $65.00 target price on shares of OneMain in a report on Monday, February 3rd. Barclays set a $56.00 target price on OneMain in a report on Friday, March 14th. StockNews.com upgraded OneMain from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Finally, Stephens reiterated an “overweight” rating and issued a $62.00 target price on shares of OneMain in a report on Monday, February 3rd. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $58.17.

OneMain Stock Up 13.2 %

Shares of OneMain stock opened at $45.76 on Thursday. The stock has a market capitalization of $5.46 billion, a P/E ratio of 10.79, a PEG ratio of 0.44 and a beta of 1.35. The stock has a 50 day moving average price of $50.77 and a two-hundred day moving average price of $51.78. OneMain Holdings, Inc. has a 12-month low of $38.00 and a 12-month high of $58.90.

OneMain Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th were given a dividend of $1.04 per share. The ex-dividend date was Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a yield of 9.09%. OneMain’s payout ratio is currently 98.11%.

Insiders Place Their Bets

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of the company’s stock in a transaction that occurred on 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 sale, the senior vice president now owns 15,831 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through the SEC website. Company 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.