Brandes Investment Partners LP Has $96.18 Million Stock Position in OneMain Holdings, Inc. (NYSE:OMF)

Brandes Investment Partners LP reduced its holdings in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 4.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,845,064 shares of the financial services provider's stock after selling 86,381 shares during the quarter. Brandes Investment Partners LP owned 1.55% of OneMain worth $96,183,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Ieq Capital LLC purchased a new position in shares of OneMain in the fourth quarter worth approximately $896,000. IFP Advisors Inc increased 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 acquiring an additional 495 shares in the last quarter. TCW Group Inc. increased its position in shares of OneMain by 23.7% in the third quarter. TCW Group Inc. now owns 55,999 shares of the financial services provider's stock worth $2,636,000 after acquiring an additional 10,744 shares in the last quarter. Quest Partners LLC increased its position in shares of OneMain by 430.4% in the third quarter. Quest Partners LLC now owns 38,622 shares of the financial services provider's stock worth $1,818,000 after acquiring an additional 31,341 shares in the last quarter. Finally, Empowered Funds LLC increased its position in shares of OneMain by 38.1% in the third quarter. Empowered Funds LLC now owns 33,888 shares of the financial services provider's stock worth $1,595,000 after acquiring an additional 9,349 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors.

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OneMain Stock Up 3.0 %

OMF stock traded up $1.46 during trading hours on Wednesday, hitting $49.80. The company's stock had a trading volume of 962,489 shares, compared to its average volume of 946,735. The company has a market capitalization of $5.94 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 0.44 and a beta of 1.62. OneMain Holdings, Inc. has a 12 month low of $41.70 and a 12 month high of $58.90. The stock has a 50 day moving average price of $53.63 and a two-hundred day moving average price of $51.80.

OneMain Dividend Announcement

The firm 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. This represents a $4.16 annualized dividend and a yield of 8.35%. The ex-dividend date of this dividend was Wednesday, February 12th. OneMain's dividend payout ratio is 98.11%.

Insider Transactions at OneMain

In other news, SVP Michael A. Hedlund sold 2,808 shares of the business's 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 completion of the sale, the senior vice president now directly owns 15,831 shares in the company, valued at approximately $887,960.79. The trade was a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.45% of the stock is owned by corporate insiders.

Analyst Ratings Changes

OMF has been the topic of several analyst reports. Stephens reissued an "overweight" rating and issued a $62.00 target price on shares of OneMain in a research report on Monday, February 3rd. Royal Bank of Canada lifted their target price 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. Barclays set a $56.00 price objective on shares of OneMain in a research report on Friday. StockNews.com raised shares of OneMain from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $65.00 price objective on shares of OneMain in a research report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $59.27.

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.