Bryce Point Capital LLC Invests $1.44 Million in OneMain Holdings, Inc. (NYSE:OMF)

Bryce Point Capital LLC bought a new position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 27,582 shares of the financial services provider's stock, valued at approximately $1,438,000.

Several other institutional investors have also modified their holdings of the business. Ieq Capital LLC purchased a new position in OneMain in the fourth quarter valued at $896,000. Orion Portfolio Solutions LLC boosted its stake in shares of OneMain by 66.5% in the 4th quarter. Orion Portfolio Solutions LLC now owns 17,681 shares of the financial services provider's stock valued at $922,000 after buying an additional 7,060 shares during the period. PNC Financial Services Group Inc. grew its position in shares of OneMain by 15.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,263 shares of the financial services provider's stock worth $222,000 after buying an additional 569 shares in the last quarter. IFP Advisors Inc increased its stake in shares of OneMain by 180.0% during the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock worth $40,000 after buying an additional 495 shares during the period. Finally, TCW Group Inc. raised its holdings in OneMain by 23.7% in the third quarter. TCW Group Inc. now owns 55,999 shares of the financial services provider's stock valued at $2,636,000 after acquiring an additional 10,744 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company's stock.

OneMain Price Performance

Shares of OMF stock traded down $0.73 during mid-day trading on Monday, hitting $40.30. The stock had a trading volume of 1,225,949 shares, compared to its average volume of 1,124,032. OneMain Holdings, Inc. has a fifty-two week low of $38.00 and a fifty-two week high of $58.90. The company's 50-day simple moving average is $52.22 and its 200-day simple moving average is $52.05. The firm has a market cap of $4.81 billion, a PE ratio of 9.50, a PEG ratio of 0.44 and a beta of 1.35.

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OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 10.32%. The ex-dividend date was Wednesday, February 12th. OneMain's dividend payout ratio (DPR) is 98.11%.

Insider Activity at OneMain

In other OneMain 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 transaction of $157,500.72. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.45% of the company's stock.

Wall Street Analysts Forecast Growth

OMF has been the topic of a number of recent analyst reports. 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. Wells Fargo & Company raised their price target on OneMain from $52.00 to $57.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 21st. StockNews.com upgraded OneMain from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. Royal Bank of Canada boosted their target price on OneMain from $62.00 to $65.00 and gave the stock an "outperform" rating in a research note on Monday, February 3rd. Finally, Stephens reiterated an "overweight" rating and issued a $62.00 price target on shares of OneMain in a research note on Monday, February 3rd. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $59.17.

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.