Norges Bank Takes $72.94 Million Position in OneMain Holdings, Inc. (NYSE:OMF)

Norges Bank acquired a new position in OneMain Holdings, Inc. (NYSE:OMF - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,399,114 shares of the financial services provider's stock, valued at approximately $72,936,000. Norges Bank owned 1.17% of OneMain as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Legend Financial Advisors Inc. purchased a new stake in shares of OneMain in the 4th quarter worth $26,000. FNY Investment Advisers LLC bought a new position in shares of OneMain in the fourth quarter worth about $26,000. Albion Financial Group UT purchased a new position in shares of OneMain during the 4th quarter valued at about $26,000. Continuum Advisory LLC purchased a new stake in OneMain in the 3rd quarter worth approximately $28,000. Finally, IFP Advisors Inc boosted its position in shares of OneMain by 180.0% in the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock worth $40,000 after purchasing an additional 495 shares during the period. Hedge funds and other institutional investors own 85.82% of the company's stock.

Insider Buying and Selling

In other news, SVP Michael A. Hedlund sold 2,808 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $56.09, for a total value of $157,500.72. Following the sale, the senior vice president now 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 can be accessed through this link. 0.45% of the stock is owned by corporate insiders.

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OneMain Stock Up 1.2 %

NYSE OMF traded up $0.48 during trading hours on Monday, hitting $41.51. 2,853,429 shares of the company were exchanged, compared to its average volume of 1,012,910. The stock has a market cap of $4.95 billion, a PE ratio of 9.79, a price-to-earnings-growth ratio of 0.44 and a beta of 1.35. OneMain Holdings, Inc. has a 52 week low of $38.00 and a 52 week high of $58.90. The stock has a 50-day moving average price of $51.90 and a 200 day moving average price of $51.99.

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Wednesday, February 12th were issued a dividend of $1.04 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $4.16 annualized dividend and a yield of 10.02%. OneMain's payout ratio is presently 98.11%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on OMF. JPMorgan Chase & Co. lowered their price target on OneMain from $59.00 to $58.00 and set an "overweight" rating on the stock in a report on Tuesday, January 14th. Stephens reissued an "overweight" rating and issued a $62.00 target price on shares of OneMain in a report on Monday, February 3rd. Royal Bank of Canada raised their target price on shares of OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd. JMP Securities reiterated a "market outperform" rating and issued a $65.00 price target on shares of OneMain in a research note on Monday, February 3rd. Finally, StockNews.com upgraded OneMain from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, OneMain currently has an average rating of "Moderate Buy" and a consensus price target of $59.17.

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.