OneMain Holdings, Inc. (NYSE:OMF) Position Trimmed by Key Colony Management LLC

Key Colony Management LLC lessened its stake in shares of OneMain Holdings, Inc. (NYSE:OMFFree Report) by 11.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 590,000 shares of the financial services provider’s stock after selling 75,000 shares during the period. OneMain makes up about 31.6% of Key Colony Management LLC’s portfolio, making the stock its 2nd biggest position. Key Colony Management LLC’s holdings in OneMain were worth $27,771,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of OMF. EdgeRock Capital LLC purchased a new stake in shares of OneMain in the 2nd quarter valued at $31,000. International Assets Investment Management LLC purchased a new stake in shares of OneMain in the 2nd quarter valued at $34,000. Blue Trust Inc. boosted its holdings in shares of OneMain by 43.4% in the 2nd quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 225 shares during the last quarter. Abich Financial Wealth Management LLC boosted its holdings in shares of OneMain by 46.1% in the 1st quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 304 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of OneMain by 557.8% in the 1st quarter. UMB Bank n.a. now owns 1,342 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 1,138 shares during the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

OneMain Trading Up 2.1 %

NYSE:OMF traded up $0.94 during trading hours on Friday, reaching $46.57. 31,182 shares of the company were exchanged, compared to its average volume of 986,830. The stock’s 50-day moving average is $46.66 and its 200-day moving average is $48.52. The firm has a market cap of $5.58 billion, a PE ratio of 9.37, a price-to-earnings-growth ratio of 0.87 and a beta of 1.56. OneMain Holdings, Inc. has a twelve month low of $35.00 and a twelve month high of $54.94.

OneMain (NYSE:OMFGet Free Report) last posted its quarterly earnings data 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 company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $918.74 million. OneMain had a net margin of 12.33% and a return on equity of 20.63%. During the same period in the prior year, the business posted $1.01 earnings per share. As a group, research analysts anticipate that OneMain Holdings, Inc. will post 4.91 EPS for the current year.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 12th were given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.93%. The ex-dividend date was Monday, August 12th. OneMain’s dividend payout ratio (DPR) is 85.42%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. StockNews.com downgraded shares of OneMain from a “buy” rating to a “hold” rating in a report on Thursday. Royal Bank of Canada lowered their price target on shares of OneMain from $60.00 to $58.00 and set an “outperform” rating on the stock in a report on Thursday. Northland Securities increased their price target on shares of OneMain from $53.00 to $55.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. Barclays downgraded shares of OneMain from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $52.00 to $46.00 in a report on Tuesday. Finally, JMP Securities reissued a “market outperform” rating and set a $60.00 price target on shares of OneMain in a report on Tuesday, September 24th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $54.33.

Check Out Our Latest Analysis on OneMain

Insider Activity

In other news, COO Micah R. Conrad sold 2,500 shares of the stock in a transaction dated 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 directly owns 117,025 shares in the company, valued at $5,353,893.75. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other OneMain news, CEO Douglas H. Shulman sold 5,000 shares of OneMain stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $50.00, for a total transaction of $250,000.00. Following the transaction, the chief executive officer now directly owns 417,474 shares of the company’s stock, valued at $20,873,700. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Micah R. Conrad sold 2,500 shares of OneMain stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $45.75, for a total transaction of $114,375.00. Following the transaction, the chief operating officer now directly owns 117,025 shares in the company, valued at $5,353,893.75. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,300 shares of company stock worth $1,534,275 over the last three months. Insiders own 0.45% of the company’s stock.

OneMain Profile

(Free Report)

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.

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Institutional Ownership by Quarter for OneMain (NYSE:OMF)

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