American Century Companies Inc. Buys 216,157 Shares of OneMain Holdings, Inc. (NYSE:OMF)

American Century Companies Inc. raised its stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 29.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 957,589 shares of the financial services provider's stock after purchasing an additional 216,157 shares during the quarter. American Century Companies Inc. owned about 0.80% of OneMain worth $49,919,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. State Street Corp boosted its holdings in OneMain by 0.8% in the third quarter. State Street Corp now owns 2,140,861 shares of the financial services provider's stock valued at $100,770,000 after acquiring an additional 16,615 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of OneMain by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,139,793 shares of the financial services provider's stock valued at $100,935,000 after purchasing an additional 13,978 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of OneMain by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,412,436 shares of the financial services provider's stock worth $66,483,000 after purchasing an additional 30,558 shares during the period. Basswood Capital Management L.L.C. increased its position in OneMain by 12.3% during the 3rd quarter. Basswood Capital Management L.L.C. now owns 1,030,423 shares of the financial services provider's stock worth $48,502,000 after purchasing an additional 113,018 shares in the last quarter. Finally, William Blair Investment Management LLC purchased a new position in OneMain in the fourth quarter valued at approximately $46,195,000. 85.82% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other news, SVP Michael A. Hedlund sold 2,808 shares of the firm'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 trade represents a 15.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.45% of the company's stock.

OneMain Trading Down 4.1 %

NYSE OMF traded down $2.06 on Friday, reaching $48.43. The stock had a trading volume of 1,149,284 shares, compared to its average volume of 989,703. OneMain Holdings, Inc. has a 1 year low of $41.70 and a 1 year high of $58.90. The business has a 50 day moving average price of $53.20 and a 200 day moving average price of $52.05. The company has a market capitalization of $5.78 billion, a price-to-earnings ratio of 11.42, a P/E/G ratio of 0.44 and a beta of 1.62.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.59%. The ex-dividend date was Wednesday, February 12th. OneMain's dividend payout ratio is currently 98.11%.

Analysts Set New Price Targets

Several research firms have recently issued reports on OMF. JMP Securities reissued a "market outperform" rating and issued a $65.00 price objective on shares of OneMain in a research report on Monday, February 3rd. JPMorgan Chase & Co. lowered their price target on OneMain from $59.00 to $58.00 and set an "overweight" rating for the company in a report on Tuesday, January 14th. StockNews.com raised OneMain from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. Royal Bank of Canada raised their target price on OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. Finally, Barclays set a $56.00 price target on OneMain in a research report on Friday, March 14th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $59.17.

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.