Avantax Advisory Services Inc. Acquires Shares of 5,641 OneMain Holdings, Inc. (NYSE:OMF)

Avantax Advisory Services Inc. purchased a new stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 5,641 shares of the financial services provider's stock, valued at approximately $294,000.

A number of other institutional investors also recently added to or reduced their stakes in OMF. Quantinno Capital Management LP grew its holdings in OneMain by 0.7% in the third quarter. Quantinno Capital Management LP now owns 27,732 shares of the financial services provider's stock worth $1,305,000 after purchasing an additional 204 shares during the last quarter. Atria Wealth Solutions Inc. grew its stake in OneMain by 5.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 4,724 shares of the financial services provider's stock worth $246,000 after buying an additional 231 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in OneMain by 4.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,884 shares of the financial services provider's stock worth $307,000 after buying an additional 234 shares during the last quarter. Avitas Wealth Management LLC increased its position in OneMain by 0.6% during 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 buying an additional 256 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in OneMain by 0.8% in the fourth quarter. Arizona State Retirement System now owns 34,784 shares of the financial services provider's stock valued at $1,813,000 after buying an additional 286 shares during the last quarter. Institutional investors own 85.82% of the company's stock.

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OneMain Stock Down 4.1 %

Shares of OMF stock traded down $2.06 on Friday, hitting $48.43. The company had a trading volume of 1,149,284 shares, compared to its average volume of 989,703. OneMain Holdings, Inc. has a twelve month low of $41.70 and a twelve month high of $58.90. The firm has a market cap of $5.78 billion, a P/E ratio of 11.42, 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 $53.20 and a 200-day moving average price of $51.99.

OneMain Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 8.59%. The ex-dividend date of this dividend was Wednesday, February 12th. OneMain's dividend payout ratio (DPR) is 98.11%.

Insider Activity at OneMain

In other news, SVP Michael A. Hedlund sold 2,808 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $56.09, for a total transaction of $157,500.72. Following the sale, the senior vice president now directly owns 15,831 shares in the company, valued at $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 available at the SEC website. Company insiders own 0.45% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on OMF shares. Royal Bank of Canada upped their price objective on shares of OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. JMP Securities restated a "market outperform" rating and set a $65.00 price target on shares of OneMain in a research note on Monday, February 3rd. Stephens reiterated an "overweight" rating and set a $62.00 price objective on shares of OneMain in a research note on Monday, February 3rd. Evercore ISI started coverage on OneMain in a research report on Tuesday. They issued an "in-line" rating and a $58.00 target price on the stock. Finally, Barclays set a $56.00 price target on OneMain in a research report on Friday, March 14th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, 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.