OneMain Holdings, Inc. $OMF is Key Colony Management LLC’s Largest Position

Key Colony Management LLC lessened its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 5.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 455,000 shares of the financial services provider’s stock after selling 25,000 shares during the period. OneMain accounts for approximately 34.9% of Key Colony Management LLC’s portfolio, making the stock its largest position. Key Colony Management LLC’s holdings in OneMain were worth $25,689,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of OMF. Central Pacific Bank Trust Division grew its stake in shares of OneMain by 2.5% in the 3rd quarter. Central Pacific Bank Trust Division now owns 8,284 shares of the financial services provider’s stock worth $468,000 after buying an additional 205 shares in the last quarter. Corient Private Wealth LLC raised its position in shares of OneMain by 5.3% during the 2nd quarter. Corient Private Wealth LLC now owns 25,563 shares of the financial services provider’s stock valued at $1,457,000 after buying an additional 1,281 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in shares of OneMain by 182.5% in the 2nd quarter. Osaic Holdings Inc. now owns 59,286 shares of the financial services provider’s stock valued at $3,208,000 after acquiring an additional 38,299 shares during the last quarter. Orion Porfolio Solutions LLC grew its position in OneMain by 6.3% in the second quarter. Orion Porfolio Solutions LLC now owns 18,442 shares of the financial services provider’s stock worth $1,051,000 after acquiring an additional 1,099 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in OneMain by 5.6% during the second quarter. Thrivent Financial for Lutherans now owns 321,007 shares of the financial services provider’s stock worth $18,297,000 after acquiring an additional 16,975 shares during the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Insider Transactions at OneMain

In other news, SVP Michael A. Hedlund sold 652 shares of OneMain stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $62.00, for a total transaction of $40,424.00. Following the completion of the sale, the senior vice president owned 15,179 shares of the company’s stock, valued at approximately $941,098. The trade was a 4.12% 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 Monday, November 3rd. The shares were sold at an average price of $59.54, for a total value of $2,083,900.00. Following the completion of the sale, the chief executive officer owned 231,600 shares of the company’s stock, valued at $13,789,464. The trade was a 13.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 40,652 shares of company stock valued at $2,420,324. 0.40% of the stock is currently owned by company insiders.

OneMain Stock Up 0.8%

OMF stock opened at $67.75 on Wednesday. OneMain Holdings, Inc. has a twelve month low of $38.00 and a twelve month high of $70.17. The firm has a market cap of $7.98 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 0.47 and a beta of 1.38. The business’s fifty day simple moving average is $59.79 and its two-hundred day simple moving average is $58.41.

OneMain (NYSE:OMF) last posted its quarterly earnings results on Friday, October 31st. The financial services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.32. The firm had revenue of $747.00 million for the quarter, compared to analysts’ expectations of $1.24 billion. OneMain had a net margin of 13.15% and a return on equity of 22.70%. During the same period in the prior year, the business posted $1.31 earnings per share. Research analysts expect that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 10th were paid a $1.05 dividend. The ex-dividend date was Monday, November 10th. This represents a $4.20 dividend on an annualized basis and a yield of 6.2%. This is an increase from OneMain’s previous quarterly dividend of $1.04. OneMain’s payout ratio is currently 71.19%.

Analysts Set New Price Targets

OMF has been the subject of several analyst reports. Citigroup reaffirmed a “market outperform” rating on shares of OneMain in a research note on Monday, November 24th. Wall Street Zen lowered OneMain from a “buy” rating to a “hold” rating in a report on Friday, November 28th. JMP Securities set a $68.00 price target on OneMain in a research report on Monday, November 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of OneMain in a research note on Monday. Finally, Wells Fargo & Company assumed coverage on shares of OneMain in a research note on Monday, August 25th. They issued an “equal weight” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $64.00.

About OneMain

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.