Charles Schwab Investment Management Inc. Sells 3,592 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Charles Schwab Investment Management Inc. trimmed its stake in OneMain Holdings, Inc. (NYSE:OMF) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,408,844 shares of the financial services provider’s stock after selling 3,592 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.18% of OneMain worth $73,443,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quantinno Capital Management LP increased its holdings in shares of OneMain by 0.7% in the 3rd quarter. Quantinno Capital Management LP now owns 27,732 shares of the financial services provider’s stock worth $1,305,000 after buying an additional 204 shares during the last quarter. Atria Wealth Solutions Inc. grew its position in OneMain by 5.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 4,724 shares of the financial services provider’s stock worth $246,000 after acquiring an additional 231 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in OneMain by 4.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,884 shares of the financial services provider’s stock worth $307,000 after acquiring an additional 234 shares in the last quarter. Avitas Wealth Management LLC grew its position in OneMain by 0.6% in the fourth quarter. Avitas Wealth Management LLC now owns 45,432 shares of the financial services provider’s stock worth $2,368,000 after acquiring an additional 256 shares in the last quarter. Finally, Allworth Financial LP grew its position in OneMain by 21.6% in the fourth quarter. Allworth Financial LP now owns 1,624 shares of the financial services provider’s stock worth $93,000 after acquiring an additional 288 shares in the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Michael A. Hedlund sold 2,808 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $56.09, for a total transaction of $157,500.72. Following the completion of the transaction, the senior vice president now directly owns 15,831 shares of the company’s stock, valued at approximately $887,960.79. This represents a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.45% of the company’s stock.

OneMain Trading Down 1.4 %

Shares of NYSE:OMF opened at $45.94 on Wednesday. The company has a market cap of $5.48 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 0.44 and a beta of 1.62. The company has a 50-day moving average price of $54.28 and a 200-day moving average price of $51.88. OneMain Holdings, Inc. has a 12 month low of $41.70 and a 12 month high of $58.90.

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 9.06%. The ex-dividend date was Wednesday, February 12th. OneMain’s dividend payout ratio (DPR) is 98.11%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on OMF. JMP Securities reiterated a “market outperform” rating and issued a $65.00 target price on shares of OneMain in a research report on Monday, February 3rd. JPMorgan Chase & Co. cut their target price on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Stephens reiterated an “overweight” rating and issued a $62.00 target price on shares of OneMain in a research report on Monday, February 3rd. StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Finally, Royal Bank of Canada upped their target price on shares of OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, OneMain currently has a consensus rating of “Moderate Buy” and an average target price of $58.36.

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.