Barclays PLC raised its holdings in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 128.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 230,717 shares of the financial services provider's stock after purchasing an additional 129,886 shares during the period. Barclays PLC owned about 0.19% of OneMain worth $12,026,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in OMF. Wellington Management Group LLP raised its stake in OneMain by 395.9% during the fourth quarter. Wellington Management Group LLP now owns 2,249,762 shares of the financial services provider's stock valued at $117,280,000 after buying an additional 1,796,054 shares in the last quarter. Norges Bank bought a new stake in shares of OneMain in the 4th quarter valued at approximately $72,936,000. FMR LLC raised its position in shares of OneMain by 14.3% during the 4th quarter. FMR LLC now owns 10,835,668 shares of the financial services provider's stock valued at $564,863,000 after acquiring an additional 1,352,604 shares in the last quarter. Clearbridge Investments LLC lifted its stake in OneMain by 54.1% during the fourth quarter. Clearbridge Investments LLC now owns 2,885,961 shares of the financial services provider's stock worth $150,445,000 after purchasing an additional 1,013,312 shares during the last quarter. Finally, William Blair Investment Management LLC acquired a new position in OneMain in the fourth quarter worth $46,195,000. 85.82% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In related 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 completion of the transaction, the senior vice president now owns 15,831 shares of the company's stock, valued at $887,960.79. This trade represents a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.45% of the stock is owned by insiders.
OneMain Stock Performance
Shares of OMF stock traded up $0.78 during midday trading on Wednesday, reaching $46.60. 1,373,400 shares of the company were exchanged, compared to its average volume of 1,038,493. The company's 50 day moving average price is $48.47 and its two-hundred day moving average price is $51.62. The company has a market cap of $5.56 billion, a P/E ratio of 10.99, a PEG ratio of 0.44 and a beta of 1.35. OneMain Holdings, Inc. has a 12 month low of $38.00 and a 12 month high of $58.90.
OneMain Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th were given a $1.04 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a yield of 8.93%. OneMain's dividend payout ratio (DPR) is 98.11%.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the stock. Royal Bank of Canada raised their price target 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. Northland Capmk upgraded OneMain from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. StockNews.com upgraded OneMain from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. JMP Securities reissued a "market outperform" rating and issued a $65.00 price target on shares of OneMain in a report on Monday, February 3rd. Finally, Northland Securities upgraded OneMain from a "market perform" rating to an "outperform" rating in a research note on Tuesday, April 8th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $58.17.
Read Our Latest Research Report on OMF
About OneMain
(
Free Report)
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.
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