OneMain Holdings, Inc. (NYSE:OMF) Stock Position Reduced by Summit Trail Advisors LLC

Summit Trail Advisors LLC lessened its stake in OneMain Holdings, Inc. (NYSE:OMF) by 11.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 5,571 shares of the financial services provider’s stock after selling 727 shares during the quarter. Summit Trail Advisors LLC’s holdings in OneMain were worth $290,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OMF. Legend Financial Advisors Inc. purchased a new position in shares of OneMain during the 4th quarter valued at $26,000. FNY Investment Advisers LLC purchased a new position in OneMain in the fourth quarter valued at about $26,000. Albion Financial Group UT acquired a new position in OneMain in the 4th quarter worth about $26,000. Continuum Advisory LLC purchased a new stake in shares of OneMain during the 3rd quarter worth about $28,000. Finally, Richardson Financial Services Inc. purchased a new stake in shares of OneMain during the 4th quarter worth about $44,000. Hedge funds and other institutional investors own 85.82% of the company’s stock.

OneMain Stock Down 3.4 %

Shares of OMF stock opened at $54.78 on Thursday. The stock has a 50 day moving average of $54.59 and a 200-day moving average of $51.08. The firm has a market cap of $6.54 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 0.45 and a beta of 1.59. OneMain Holdings, Inc. has a 12 month low of $41.70 and a 12 month high of $58.90.

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th will be issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 7.59%. The ex-dividend date is Wednesday, February 12th. OneMain’s dividend payout ratio (DPR) is presently 98.11%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Royal Bank of Canada increased their price objective on OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. JMP Securities restated a “market outperform” rating and set a $65.00 price target on shares of OneMain in a report on Monday, February 3rd. Stephens reiterated an “overweight” rating and issued a $62.00 price objective on shares of OneMain in a report on Monday, February 3rd. StockNews.com raised shares of OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Wells Fargo & Company boosted their price target on OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $58.36.

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.