Capital International Investors Raises Stock Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Capital International Investors increased its holdings in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 2.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,238,425 shares of the financial services provider's stock after purchasing an additional 211,745 shares during the period. Capital International Investors owned approximately 8.58% of OneMain worth $533,729,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. FNY Investment Advisers LLC purchased a new stake in shares of OneMain during the fourth quarter worth about $26,000. Legend Financial Advisors Inc. bought a new stake in shares of OneMain in the 4th quarter worth approximately $26,000. Albion Financial Group UT purchased a new position in shares of OneMain during the fourth quarter valued at approximately $26,000. IFP Advisors Inc raised its holdings 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 valued at $40,000 after acquiring an additional 495 shares in the last quarter. Finally, Richardson Financial Services Inc. purchased a new stake in OneMain in the fourth quarter worth $44,000. Institutional investors own 85.82% of the company's stock.

OneMain Stock Performance

Shares of NYSE:OMF traded up $0.78 during midday trading on Wednesday, reaching $46.60. 1,368,821 shares of the company's stock traded hands, compared to its average volume of 1,037,626. OneMain Holdings, Inc. has a one year low of $38.00 and a one year high of $58.90. The company has a market cap of $5.56 billion, a price-to-earnings ratio of 10.99, a P/E/G ratio of 0.44 and a beta of 1.35. The stock has a 50 day moving average of $48.67 and a 200 day moving average of $51.66.

OneMain Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 8.93%. The ex-dividend date was Wednesday, February 12th. OneMain's payout ratio is presently 98.11%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on OMF shares. Barclays set a $56.00 price objective on shares of OneMain in a research report on Friday, March 14th. Royal Bank of Canada lifted their price objective on OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a research report on Monday, February 3rd. Evercore ISI assumed coverage on OneMain in a research report on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 target price for the company. Northland Securities upgraded OneMain from a "market perform" rating to an "outperform" rating in a research report on Tuesday, April 8th. Finally, StockNews.com upgraded OneMain from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, OneMain presently has a consensus rating of "Moderate Buy" and an average target price of $58.17.

Insider Transactions at OneMain

In other OneMain 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 value of $157,500.72. Following the transaction, the senior vice president now directly owns 15,831 shares of the company's stock, valued at approximately $887,960.79. This trade represents a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.45% of the company's stock.

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.