Callan Family Office LLC Invests $558,000 in OneMain Holdings, Inc. (NYSE:OMF)

Callan Family Office LLC acquired a new position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,713 shares of the financial services provider's stock, valued at approximately $558,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OMF. Legend Financial Advisors Inc. purchased a new position in shares of OneMain during the 4th quarter worth $26,000. FNY Investment Advisers LLC purchased a new position in OneMain during the fourth quarter worth about $26,000. Albion Financial Group UT acquired a new position in OneMain in the 4th quarter valued at about $26,000. Continuum Advisory LLC purchased a new stake in shares of OneMain in the 3rd quarter valued at approximately $28,000. Finally, IFP Advisors Inc increased its holdings in shares of OneMain by 180.0% during the 4th 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 last quarter. Institutional investors and hedge funds own 85.82% of the company's stock.

Insider Buying and Selling

In other news, SVP Michael A. Hedlund sold 2,808 shares of the business'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 directly owns 15,831 shares of the company's stock, 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 SEC, which can be accessed through the SEC website. 0.45% of the stock is currently owned by insiders.

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OneMain Trading Down 2.0 %

OMF traded down $0.94 during trading hours on Thursday, hitting $45.33. 868,276 shares of the company's stock were exchanged, compared to its average volume of 1,039,366. The firm has a market cap of $5.41 billion, a P/E ratio of 10.69, 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 firm has a 50 day moving average of $54.04 and a 200 day moving average of $51.82.

OneMain Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Wednesday, February 12th were issued 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 9.18%. OneMain's dividend payout ratio (DPR) is presently 98.11%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. JMP Securities reiterated a "market outperform" rating and issued a $65.00 price objective on shares of OneMain in a research report on Monday, February 3rd. Royal Bank of Canada increased their price target on OneMain from $62.00 to $65.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. Stephens restated an "overweight" rating and issued a $62.00 price objective on shares of OneMain in a report on Monday, February 3rd. Wells Fargo & Company upped their target price on shares of OneMain from $52.00 to $57.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. dropped their price target on shares of OneMain from $59.00 to $58.00 and set an "overweight" rating for the company in a research report on Tuesday, January 14th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $58.36.

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.