Altshuler Shaham Ltd Sells 300 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Altshuler Shaham Ltd trimmed its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 23.7% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 964 shares of the financial services provider’s stock after selling 300 shares during the quarter. Altshuler Shaham Ltd’s holdings in OneMain were worth $47,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. grew its stake in shares of OneMain by 3.0% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 97,198 shares of the financial services provider’s stock valued at $3,897,000 after purchasing an additional 2,800 shares during the period. Bank of New York Mellon Corp grew its stake in shares of OneMain by 5.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,052,225 shares of the financial services provider’s stock valued at $42,184,000 after purchasing an additional 58,079 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of OneMain by 71.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,001 shares of the financial services provider’s stock valued at $1,323,000 after purchasing an additional 13,697 shares during the period. Strs Ohio grew its stake in shares of OneMain by 20.9% during the 3rd quarter. Strs Ohio now owns 39,636 shares of the financial services provider’s stock valued at $1,589,000 after purchasing an additional 6,855 shares during the period. Finally, Assetmark Inc. grew its stake in shares of OneMain by 21.8% during the 3rd quarter. Assetmark Inc. now owns 3,118 shares of the financial services provider’s stock valued at $125,000 after purchasing an additional 559 shares during the period. 85.82% of the stock is currently owned by institutional investors.

OneMain Stock Performance

OneMain stock traded up $0.18 during mid-day trading on Wednesday, hitting $51.65. The company’s stock had a trading volume of 932,172 shares, compared to its average volume of 1,051,631. The company has a 50 day moving average of $49.36 and a 200-day moving average of $46.05. The stock has a market cap of $6.19 billion, a PE ratio of 10.07, a P/E/G ratio of 0.71 and a beta of 1.63. OneMain Holdings, Inc. has a one year low of $35.00 and a one year high of $53.65.

OneMain (NYSE:OMF) last announced its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.38 by $0.07. OneMain had a return on equity of 20.78% and a net margin of 13.29%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $907.93 million. During the same quarter in the prior year, the company posted $1.46 EPS. On average, equities research analysts forecast that OneMain Holdings, Inc. will post 5.67 EPS for the current fiscal year.

OneMain Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 10th will be issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 8.05%. This is a boost from OneMain’s previous quarterly dividend of $1.00. The ex-dividend date is Thursday, May 9th. OneMain’s dividend payout ratio is currently 77.97%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on OMF shares. StockNews.com raised OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 14th. Deutsche Bank Aktiengesellschaft began coverage on OneMain in a research report on Wednesday, January 10th. They set a “buy” rating and a $68.00 price objective on the stock. Wells Fargo & Company boosted their price target on OneMain from $48.00 to $53.00 and gave the stock an “equal weight” rating in a report on Thursday, May 2nd. Barclays lowered their price target on OneMain from $57.00 to $54.00 and set an “overweight” rating on the stock in a report on Thursday, February 8th. Finally, TD Cowen boosted their price target on OneMain from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $54.62.

Insiders Place Their Bets

In related news, CEO Douglas H. Shulman sold 19,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $51.37, for a total transaction of $976,030.00. Following the completion of the sale, the chief executive officer now directly owns 451,300 shares in the company, valued at approximately $23,183,281. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.37% 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.