OneMain Holdings, Inc. (NYSE:OMF) Stake Increased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 50.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 77,662 shares of the financial services provider's stock after acquiring an additional 26,167 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.07% of OneMain worth $4,046,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Legend Financial Advisors Inc. acquired a new stake in shares of OneMain in the fourth quarter worth approximately $26,000. FNY Investment Advisers LLC acquired a new stake in shares of OneMain in the fourth quarter worth approximately $26,000. Albion Financial Group UT acquired a new stake in shares of OneMain in the fourth quarter worth approximately $26,000. Continuum Advisory LLC acquired a new stake in shares of OneMain in the third quarter worth approximately $28,000. Finally, Richardson Financial Services Inc. acquired a new stake in shares of OneMain in the fourth quarter worth approximately $44,000. 85.82% of the stock is owned by institutional investors and hedge funds.

OneMain Stock Down 3.2 %

Shares of NYSE OMF traded down $1.79 during trading on Friday, reaching $54.21. 856,289 shares of the stock were exchanged, compared to its average volume of 1,052,419. The business's 50-day moving average price is $54.63 and its 200 day moving average price is $51.41. OneMain Holdings, Inc. has a twelve month low of $41.70 and a twelve month high of $58.90. The company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 12.79, a price-to-earnings-growth ratio of 0.44 and a beta of 1.59.

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 paid a $1.04 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.67%. OneMain's dividend payout ratio (DPR) is presently 98.11%.

Analysts Set New Price Targets

OMF has been the topic of a number of recent research reports. Wells Fargo & Company lifted their price target on shares of OneMain from $52.00 to $57.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 21st. StockNews.com raised shares of OneMain from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. Stephens reaffirmed an "overweight" rating and set a $62.00 price target on shares of OneMain in a research report on Monday, February 3rd. Compass Point lifted their price target on shares of OneMain from $60.00 to $63.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $65.00 price target on shares of OneMain in a research report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $58.36.

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.