Wedge Capital Management L L P NC Has $8.74 Million Stock Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Wedge Capital Management L L P NC lowered its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 167,686 shares of the financial services provider’s stock after selling 3,909 shares during the quarter. Wedge Capital Management L L P NC owned 0.14% of OneMain worth $8,741,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Commonwealth Equity Services LLC increased its position in shares of OneMain by 13.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 11,608 shares of the financial services provider’s stock valued at $563,000 after buying an additional 1,374 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of OneMain by 1.4% in the second quarter. Envestnet Asset Management Inc. now owns 93,670 shares of the financial services provider’s stock worth $4,542,000 after acquiring an additional 1,299 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of OneMain by 9.0% in the second quarter. Dimensional Fund Advisors LP now owns 3,288,643 shares of the financial services provider’s stock worth $159,465,000 after acquiring an additional 270,207 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of OneMain during the 2nd quarter valued at about $1,358,000. Finally, Mercer Global Advisors Inc. ADV grew its position in shares of OneMain by 11.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 33,578 shares of the financial services provider’s stock valued at $1,619,000 after purchasing an additional 3,552 shares during the period. Institutional investors own 85.82% of the company’s stock.

Insider Activity

In other news, SVP Michael A. Hedlund sold 1,992 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $52.00, for a total value of $103,584.00. Following the transaction, the senior vice president now directly owns 18,955 shares of the company’s stock, valued at $985,660. This represents a 9.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas H. Shulman sold 20,000 shares of OneMain stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $54.19, for a total transaction of $1,083,800.00. Following the sale, the chief executive officer now directly owns 392,474 shares of the company’s stock, valued at $21,268,166.06. The trade was a 4.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,492 shares of company stock valued at $1,582,384 over the last three months. Insiders own 0.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on OMF. JPMorgan Chase & Co. dropped their target price on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Stephens began coverage on shares of OneMain in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $62.00 target price for the company. StockNews.com downgraded OneMain from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Wells Fargo & Company upped their price objective on OneMain from $49.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $62.00 target price on shares of OneMain in a research report on Thursday. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, OneMain has an average rating of “Moderate Buy” and an average target price of $56.31.

OneMain Price Performance

OneMain stock opened at $54.73 on Friday. The company’s 50-day moving average is $54.46 and its 200-day moving average is $50.31. The firm has a market capitalization of $6.53 billion, a PE ratio of 11.98, a P/E/G ratio of 0.44 and a beta of 1.58. OneMain Holdings, Inc. has a fifty-two week low of $41.70 and a fifty-two week high of $57.97.

OneMain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were paid a $1.04 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $4.16 annualized dividend and a yield of 7.60%. OneMain’s dividend payout ratio is 91.03%.

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.