Choreo LLC Lowers Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Choreo LLC reduced its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 3.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,382 shares of the financial services provider’s stock after selling 218 shares during the period. Choreo LLC’s holdings in OneMain were worth $281,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Quantinno Capital Management LP grew its holdings in OneMain by 0.7% during the 3rd quarter. Quantinno Capital Management LP now owns 27,732 shares of the financial services provider’s stock worth $1,305,000 after acquiring an additional 204 shares in the last quarter. Avitas Wealth Management LLC raised its holdings in shares of OneMain by 0.6% in the 4th quarter. Avitas Wealth Management LLC now owns 45,432 shares of the financial services provider’s stock valued at $2,368,000 after purchasing an additional 256 shares in the last quarter. OneDigital Investment Advisors LLC lifted its position in shares of OneMain by 4.8% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 6,666 shares of the financial services provider’s stock worth $314,000 after purchasing an additional 304 shares during the last quarter. Peak Financial Advisors LLC grew its stake in shares of OneMain by 3.3% during the fourth quarter. Peak Financial Advisors LLC now owns 9,588 shares of the financial services provider’s stock worth $500,000 after purchasing an additional 310 shares in the last quarter. Finally, Covestor Ltd increased its holdings in OneMain by 10.8% in the third quarter. Covestor Ltd now owns 3,188 shares of the financial services provider’s stock valued at $150,000 after buying an additional 311 shares during the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

OMF has been the subject of several analyst reports. Royal Bank of Canada upped their price objective on OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. JMP Securities reaffirmed a “market outperform” rating and issued a $65.00 price target on shares of OneMain in a report on Monday, February 3rd. Stephens reissued an “overweight” rating and set a $62.00 price objective on shares of OneMain in a report on Monday, February 3rd. Wells Fargo & Company upped their target price on shares of OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. Finally, StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a research note on Wednesday. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $58.36.

OneMain Stock Performance

Shares of NYSE:OMF opened at $56.97 on Friday. OneMain Holdings, Inc. has a one year low of $41.70 and a one year high of $58.90. The company has a 50-day simple moving average of $54.54 and a 200-day simple moving average of $51.14. The stock has a market capitalization of $6.80 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 0.45 and a beta of 1.59.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th will be given a dividend of $1.04 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a yield of 7.30%. OneMain’s payout ratio is 98.11%.

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.