Channing Capital Management LLC Purchases Shares of 77,312 OneMain Holdings, Inc. (NYSE:OMF)

Channing Capital Management LLC acquired a new position in OneMain Holdings, Inc. (NYSE:OMF - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 77,312 shares of the financial services provider's stock, valued at approximately $4,030,000. Channing Capital Management LLC owned 0.06% of OneMain at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of OMF. Principal Financial Group Inc. raised its holdings in OneMain by 12.1% in the third quarter. Principal Financial Group Inc. now owns 805,256 shares of the financial services provider's stock valued at $37,903,000 after buying an additional 87,084 shares during the period. Assetmark Inc. raised its stake in shares of OneMain by 13.3% in the 3rd quarter. Assetmark Inc. now owns 8,650 shares of the financial services provider's stock valued at $407,000 after acquiring an additional 1,016 shares during the period. Atria Investments Inc lifted its holdings in shares of OneMain by 44.2% during the 3rd quarter. Atria Investments Inc now owns 56,920 shares of the financial services provider's stock valued at $2,679,000 after acquiring an additional 17,457 shares in the last quarter. Covestor Ltd boosted its position in OneMain by 10.8% during the 3rd quarter. Covestor Ltd now owns 3,188 shares of the financial services provider's stock worth $150,000 after purchasing an additional 311 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its holdings in OneMain by 3.1% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 40,581 shares of the financial services provider's stock valued at $1,910,000 after purchasing an additional 1,215 shares in the last quarter. 85.82% of the stock is owned by institutional investors and hedge funds.

OneMain Price Performance

OMF opened at $45.94 on Wednesday. OneMain Holdings, Inc. has a 12-month low of $41.70 and a 12-month high of $58.90. The stock has a market capitalization of $5.48 billion, a PE ratio of 10.83, a P/E/G ratio of 0.44 and a beta of 1.62. The firm's fifty day moving average price is $54.28 and its 200 day moving average price is $51.88.

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $4.16 annualized dividend and a dividend yield of 9.06%. OneMain's payout ratio is 98.11%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Royal Bank of Canada boosted their price objective on OneMain from $62.00 to $65.00 and gave the stock an "outperform" rating in a research note on Monday, February 3rd. Stephens restated an "overweight" rating and issued a $62.00 price target on shares of OneMain in a report on Monday, February 3rd. StockNews.com raised shares of OneMain from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. Wells Fargo & Company boosted their target price on shares of OneMain from $52.00 to $57.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. lowered their price target on shares of OneMain from $59.00 to $58.00 and set an "overweight" rating for the company in a report on Tuesday, January 14th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $58.36.

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Insider Buying and Selling

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $56.09, for a total transaction of $157,500.72. Following 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.45% of the company's stock.

About OneMain

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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