Empowered Funds LLC increased its stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 49.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,597 shares of the financial services provider's stock after acquiring an additional 16,709 shares during the period. Empowered Funds LLC's holdings in OneMain were worth $2,638,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. TCW Group Inc. raised its stake 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 valued at $2,636,000 after acquiring an additional 10,744 shares in the last quarter. Quest Partners LLC raised its stake 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 valued at $1,818,000 after acquiring an additional 31,341 shares in the last quarter. Sanctuary Advisors LLC raised its stake in shares of OneMain by 143.4% in the third quarter. Sanctuary Advisors LLC now owns 17,405 shares of the financial services provider's stock valued at $819,000 after acquiring an additional 10,253 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of 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 acquiring an additional 87,084 shares in the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of OneMain by 4,607.1% in the third quarter. International Assets Investment Management LLC now owns 32,714 shares of the financial services provider's stock valued at $1,540,000 after acquiring an additional 32,019 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.
OneMain Stock Performance
Shares of OMF stock traded up $1.76 during mid-day trading on Monday, hitting $56.97. 790,163 shares of the stock were exchanged, compared to its average volume of 1,104,020. The stock's fifty day simple moving average is $54.57 and its two-hundred day simple moving average is $51.18. The stock has a market capitalization of $6.80 billion, a price-to-earnings ratio of 13.44, a P/E/G ratio of 0.45 and a beta of 1.59. OneMain Holdings, Inc. has a 12-month low of $41.70 and a 12-month high of $58.90.
OneMain Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th will be issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 7.30%. The ex-dividend date is Wednesday, February 12th. OneMain's payout ratio is 98.11%.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on OMF shares. StockNews.com upgraded OneMain from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. cut their price target on OneMain from $59.00 to $58.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 14th. Compass Point raised their price target on OneMain from $60.00 to $63.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Stephens restated an "overweight" rating and issued a $62.00 price target on shares of OneMain in a research note on Monday, February 3rd. Finally, JMP Securities restated a "market outperform" rating and issued a $65.00 price target on shares of OneMain in a research note on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $58.36.
Check Out Our Latest Stock Analysis on OMF
About OneMain
(
Free Report)
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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