OneMain Holdings, Inc. (NYSE:OMF) Stock Position Reduced by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 12.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 595,134 shares of the financial services provider’s stock after selling 88,306 shares during the period. New York State Common Retirement Fund’s holdings in OneMain were worth $31,024,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of OMF. State Street Corp raised its position in shares of OneMain by 0.8% during the 3rd quarter. State Street Corp now owns 2,140,861 shares of the financial services provider’s stock worth $100,770,000 after purchasing an additional 16,615 shares during the period. Geode Capital Management LLC raised its position in shares of OneMain by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,139,793 shares of the financial services provider’s stock worth $100,935,000 after purchasing an additional 13,978 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of OneMain by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,412,436 shares of the financial services provider’s stock worth $66,483,000 after purchasing an additional 30,558 shares during the period. Basswood Capital Management L.L.C. raised its position in shares of OneMain by 12.3% during the 3rd quarter. Basswood Capital Management L.L.C. now owns 1,030,423 shares of the financial services provider’s stock worth $48,502,000 after purchasing an additional 113,018 shares during the period. Finally, Argent Capital Management LLC raised its position in shares of OneMain by 2.3% during the 4th quarter. Argent Capital Management LLC now owns 827,710 shares of the financial services provider’s stock worth $43,149,000 after purchasing an additional 18,534 shares during the period. Institutional investors own 85.82% of the company’s stock.

OneMain Stock Performance

Shares of NYSE OMF opened at $56.01 on Friday. The stock has a fifty day moving average price of $54.66 and a two-hundred day moving average price of $51.34. The firm has a market cap of $6.69 billion, a P/E ratio of 13.21, a PEG ratio of 0.46 and a beta of 1.59. OneMain Holdings, Inc. has a 1 year low of $41.70 and a 1 year high of $58.90.

OneMain Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th were paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 7.43%. The ex-dividend date was Wednesday, February 12th. OneMain’s payout ratio is currently 98.11%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on OMF shares. JPMorgan Chase & Co. dropped their price target on OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. StockNews.com upgraded OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Wells Fargo & Company increased 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. Royal Bank of Canada raised their target price on OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Finally, JMP Securities restated a “market outperform” rating and issued a $65.00 target price on shares of OneMain in a research report on Monday, February 3rd. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, OneMain currently has an average rating of “Moderate Buy” and a consensus price target of $58.36.

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.