Public Employees Retirement System of Ohio Lowers Stock Position in OneMain Holdings, Inc. (NYSE:OMF)

Public Employees Retirement System of Ohio cut its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 8.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 44,347 shares of the financial services provider’s stock after selling 3,975 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in OneMain were worth $2,087,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in OMF. Y Intercept Hong Kong Ltd lifted its position in shares of OneMain by 9.8% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 31,184 shares of the financial services provider’s stock worth $1,468,000 after buying an additional 2,776 shares in the last quarter. MML Investors Services LLC lifted its holdings in OneMain by 8.7% during the third quarter. MML Investors Services LLC now owns 18,323 shares of the financial services provider’s stock worth $862,000 after acquiring an additional 1,474 shares during the period. Orion Portfolio Solutions LLC boosted its position in OneMain by 65.1% in the third quarter. Orion Portfolio Solutions LLC now owns 10,621 shares of the financial services provider’s stock worth $500,000 after purchasing an additional 4,188 shares during the last quarter. XTX Topco Ltd grew its stake in OneMain by 107.9% in the 3rd quarter. XTX Topco Ltd now owns 31,882 shares of the financial services provider’s stock valued at $1,501,000 after purchasing an additional 16,550 shares during the period. Finally, Wellington Management Group LLP increased its position in shares of OneMain by 12.0% during the 3rd quarter. Wellington Management Group LLP now owns 453,708 shares of the financial services provider’s stock valued at $21,356,000 after purchasing an additional 48,790 shares during the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on OMF. JPMorgan Chase & Co. boosted their price target on shares of OneMain from $56.00 to $59.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. JMP Securities boosted their target price on shares of OneMain from $60.00 to $62.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st. StockNews.com lowered shares of OneMain from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Royal Bank of Canada reiterated an “outperform” rating and issued a $58.00 price objective on shares of OneMain in a research note on Wednesday, October 16th. Finally, Barclays downgraded OneMain from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $52.00 to $46.00 in a research report on Tuesday, October 8th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, OneMain currently has an average rating of “Moderate Buy” and an average price target of $56.08.

OneMain Trading Down 3.5 %

Shares of OneMain stock opened at $53.78 on Wednesday. The company’s 50-day moving average price is $52.43 and its 200-day moving average price is $49.58. The company has a market cap of $6.42 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 0.69 and a beta of 1.56. OneMain Holdings, Inc. has a 12-month low of $41.70 and a 12-month high of $57.97.

OneMain Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.74%. OneMain’s dividend payout ratio (DPR) is currently 91.03%.

Insider Activity

In other OneMain news, SVP Michael A. Hedlund sold 1,992 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $52.00, for a total value of $103,584.00. Following the completion of the transaction, the senior vice president now owns 18,955 shares of the company’s stock, valued at $985,660. The trade was a 9.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas H. Shulman sold 20,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $54.19, for a total transaction of $1,083,800.00. Following the sale, the chief executive officer now owns 392,474 shares in the company, valued at approximately $21,268,166.06. This trade represents a 4.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,778 shares of company stock worth $1,996,684 in the last three months. Corporate insiders own 0.45% of the company’s stock.

OneMain Company 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.