State of Wyoming Sells 2,315 Shares of OneMain Holdings, Inc. $OMF

State of Wyoming trimmed its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 66.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,195 shares of the financial services provider’s stock after selling 2,315 shares during the period. State of Wyoming’s holdings in OneMain were worth $58,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. boosted its holdings in shares of OneMain by 4.3% in the 4th quarter. Ameriprise Financial Inc. now owns 87,527 shares of the financial services provider’s stock worth $4,563,000 after acquiring an additional 3,631 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of OneMain by 32.2% in the fourth quarter. BNP Paribas Financial Markets now owns 63,436 shares of the financial services provider’s stock valued at $3,307,000 after buying an additional 15,437 shares during the period. Bank of America Corp DE raised its stake in shares of OneMain by 7.7% in the 4th quarter. Bank of America Corp DE now owns 318,669 shares of the financial services provider’s stock valued at $16,612,000 after purchasing an additional 22,860 shares during the period. Cetera Investment Advisers raised its stake in shares of OneMain by 5.6% in the 4th quarter. Cetera Investment Advisers now owns 30,889 shares of the financial services provider’s stock valued at $1,610,000 after purchasing an additional 1,631 shares during the period. Finally, Focus Partners Wealth bought a new position in shares of OneMain in the 4th quarter valued at about $232,000. 85.82% of the stock is owned by institutional investors and hedge funds.

OneMain Stock Down 0.4%

Shares of NYSE:OMF opened at $60.91 on Wednesday. OneMain Holdings, Inc. has a 12-month low of $38.00 and a 12-month high of $63.24. The stock has a market cap of $7.24 billion, a PE ratio of 10.99, a P/E/G ratio of 0.48 and a beta of 1.30. The business has a 50 day moving average of $58.80 and a 200-day moving average of $52.94.

OneMain (NYSE:OMF) last issued its quarterly earnings data on Friday, July 25th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.20. OneMain had a return on equity of 20.65% and a net margin of 12.63%.The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the previous year, the company posted $1.02 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. Equities research analysts expect that OneMain Holdings, Inc. will post 6.46 earnings per share for the current year.

OneMain Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 13th. Investors of record on Monday, August 4th were paid a $1.04 dividend. The ex-dividend date was Monday, August 4th. This represents a $4.16 annualized dividend and a dividend yield of 6.8%. OneMain’s dividend payout ratio is 75.09%.

Analyst Upgrades and Downgrades

OMF has been the topic of several analyst reports. Wells Fargo & Company initiated coverage on shares of OneMain in a research report on Monday, August 25th. They set an “equal weight” rating on the stock. Barclays lifted their price target on OneMain from $48.00 to $56.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. lifted their price target on OneMain from $50.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $61.50.

Insider Activity

In related news, COO Micah R. Conrad sold 4,000 shares of the company’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $58.02, for a total value of $232,080.00. Following the transaction, the chief operating officer directly owned 101,007 shares in the company, valued at approximately $5,860,426.14. This represents a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas H. Shulman sold 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $59.47, for a total value of $2,081,450.00. Following the completion of the sale, the chief executive officer owned 275,100 shares of the company’s stock, valued at approximately $16,360,197. This trade represents a 11.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 65,000 shares of company stock worth $3,715,340 over the last 90 days. 0.40% of the stock is currently owned by corporate insiders.

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.