HighTower Advisors LLC Has $927,000 Stock Position in OneMain Holdings, Inc. (NYSE:OMF)

HighTower Advisors LLC lifted its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 41.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,775 shares of the financial services provider's stock after purchasing an additional 5,217 shares during the quarter. HighTower Advisors LLC's holdings in OneMain were worth $927,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of OMF. Quantinno Capital Management LP grew its position in shares of OneMain by 0.7% in the third quarter. Quantinno Capital Management LP now owns 27,732 shares of the financial services provider's stock valued at $1,305,000 after purchasing an additional 204 shares during the last quarter. Atria Wealth Solutions Inc. boosted its stake in OneMain by 5.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 4,724 shares of the financial services provider's stock valued at $246,000 after purchasing an additional 231 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in OneMain by 4.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,884 shares of the financial services provider's stock valued at $307,000 after buying an additional 234 shares during the last quarter. Avitas Wealth Management LLC increased its position in OneMain by 0.6% in the 4th quarter. Avitas Wealth Management LLC now owns 45,432 shares of the financial services provider's stock worth $2,368,000 after buying an additional 256 shares during the period. Finally, Arizona State Retirement System lifted its holdings in shares of OneMain by 0.8% during the fourth quarter. Arizona State Retirement System now owns 34,784 shares of the financial services provider's stock worth $1,813,000 after buying an additional 286 shares during the last quarter. Institutional investors own 85.82% of the company's stock.

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Insider Transactions at OneMain

In other news, SVP Michael A. Hedlund sold 2,808 shares of the stock in a transaction that occurred 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 of the company's stock, valued at $887,960.79. This represents a 15.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.45% of the company's stock.

OneMain Stock Up 0.9 %

NYSE:OMF traded up $0.44 on Monday, reaching $48.84. The stock had a trading volume of 922,182 shares, compared to its average volume of 989,435. The company has a market capitalization of $5.83 billion, a P/E ratio of 11.52, a price-to-earnings-growth ratio of 0.44 and a beta of 1.62. The stock has a fifty day moving average price of $53.08 and a 200-day moving average price of $52.08. OneMain Holdings, Inc. has a 1-year low of $41.70 and a 1-year high of $58.90.

OneMain Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 8.52%. The ex-dividend date of this dividend was Wednesday, February 12th. OneMain's dividend payout ratio is currently 98.11%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Barclays set a $56.00 target price on shares of OneMain in a research report on Friday, March 14th. Evercore ISI began coverage on shares of OneMain in a research note on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 target price for the company. Royal Bank of Canada boosted their price target on OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd. Stephens reiterated an "overweight" rating and issued a $62.00 price objective on shares of OneMain in a research report on Monday, February 3rd. Finally, Wells Fargo & Company boosted their price objective on OneMain from $52.00 to $57.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 21st. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, OneMain presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.17.

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.