OneMain Holdings, Inc. (NYSE:OMF) Shares Sold by Aviance Capital Partners LLC

Aviance Capital Partners LLC decreased its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 11.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,372 shares of the financial services provider’s stock after selling 3,513 shares during the period. Aviance Capital Partners LLC’s holdings in OneMain were worth $1,298,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Blue Trust Inc. lifted its position in OneMain by 49.9% in the fourth quarter. Blue Trust Inc. now owns 730 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 243 shares during the period. Allworth Financial LP raised its stake in shares of OneMain by 25.4% in the 4th quarter. Allworth Financial LP now owns 1,339 shares of the financial services provider’s stock worth $66,000 after buying an additional 271 shares in the last quarter. Alps Advisors Inc. lifted its holdings in shares of OneMain by 2.0% in the third quarter. Alps Advisors Inc. now owns 14,283 shares of the financial services provider’s stock valued at $573,000 after buying an additional 275 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its stake in OneMain by 0.5% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 53,742 shares of the financial services provider’s stock valued at $2,155,000 after buying an additional 290 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in OneMain by 5.3% during the third quarter. Signaturefd LLC now owns 5,772 shares of the financial services provider’s stock worth $231,000 after acquiring an additional 291 shares during the period. 85.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. StockNews.com raised shares of OneMain from a “hold” rating to a “buy” rating in a report on Wednesday, February 14th. Stephens decreased their price target on shares of OneMain from $61.00 to $57.00 and set an “overweight” rating on the stock in a research report on Thursday, February 8th. Citigroup cut their price objective on OneMain from $54.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. BMO Capital Markets lifted their target price on OneMain from $48.00 to $50.00 and gave the stock a “market perform” rating in a report on Thursday. Finally, Royal Bank of Canada upped their target price on OneMain from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Monday, April 1st. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $54.62.

OneMain Trading Up 1.5 %

Shares of NYSE OMF traded up $0.75 during mid-day trading on Monday, hitting $51.95. The company had a trading volume of 801,817 shares, compared to its average volume of 1,055,019. OneMain Holdings, Inc. has a one year low of $35.00 and a one year high of $53.65. The company has a market capitalization of $6.22 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 0.71 and a beta of 1.63. The firm has a 50-day simple moving average of $49.17 and a two-hundred day simple moving average of $45.91.

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 analysts’ consensus estimates of $1.38 by $0.07. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $907.93 million. OneMain had a net margin of 13.29% and a return on equity of 20.78%. During the same quarter last year, the firm posted $1.46 EPS. Sell-side analysts expect that OneMain Holdings, Inc. will post 5.67 earnings per share for the current fiscal year.

OneMain Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 10th will be given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 8.01%. The ex-dividend date of this dividend is Thursday, May 9th. This is an increase from OneMain’s previous quarterly dividend of $1.00. OneMain’s payout ratio is 77.97%.

OneMain 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.