OneMain Holdings, Inc. (NYSE:OMF) Stake Decreased by Lodge Hill Capital LLC

Lodge Hill Capital LLC trimmed its stake in OneMain Holdings, Inc. (NYSE:OMF) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 385,660 shares of the financial services provider’s stock after selling 5,340 shares during the quarter. OneMain comprises 5.5% of Lodge Hill Capital LLC’s portfolio, making the stock its 6th largest position. Lodge Hill Capital LLC’s holdings in OneMain were worth $20,104,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wellington Management Group LLP grew its stake in shares of OneMain by 395.9% during the 4th quarter. Wellington Management Group LLP now owns 2,249,762 shares of the financial services provider’s stock valued at $117,280,000 after buying an additional 1,796,054 shares during the period. Norges Bank purchased a new stake in OneMain during the fourth quarter valued at about $72,936,000. FMR LLC grew its position in OneMain by 14.3% during the fourth quarter. FMR LLC now owns 10,835,668 shares of the financial services provider’s stock valued at $564,863,000 after acquiring an additional 1,352,604 shares during the period. Clearbridge Investments LLC increased its stake in OneMain by 54.1% during the fourth quarter. Clearbridge Investments LLC now owns 2,885,961 shares of the financial services provider’s stock worth $150,445,000 after acquiring an additional 1,013,312 shares during the last quarter. Finally, William Blair Investment Management LLC purchased a new position in shares of OneMain in the 4th quarter worth about $46,195,000. Institutional investors and hedge funds own 85.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on OMF shares. Barclays set a $56.00 target price on OneMain in a report on Friday, March 14th. JMP Securities reiterated a “market outperform” rating and set a $65.00 price objective on shares of OneMain in a research note on Monday, February 3rd. Northland Capmk raised shares of OneMain from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 8th. Stephens reaffirmed an “overweight” rating and set a $62.00 price target on shares of OneMain in a research report on Monday, February 3rd. Finally, Royal Bank of Canada increased their price target on OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $58.17.

Insider Transactions at OneMain

In related news, SVP Michael A. Hedlund sold 2,808 shares of the company’s stock in a transaction 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 sale, the senior vice president now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.45% of the company’s stock.

OneMain Stock Performance

NYSE:OMF opened at $44.11 on Thursday. OneMain Holdings, Inc. has a one year low of $38.00 and a one year high of $58.90. The business’s 50-day simple moving average is $49.56 and its 200 day simple moving average is $51.66. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of 10.40, a price-to-earnings-growth ratio of 0.44 and a beta of 1.35.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 9.43%. The ex-dividend date of this dividend was Wednesday, February 12th. OneMain’s dividend payout ratio (DPR) is currently 98.11%.

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.