Ieq Capital LLC acquired a new stake in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 17,193 shares of the financial services provider's stock, valued at approximately $896,000.
A number of other hedge funds have also recently modified their holdings of OMF. Blue Trust Inc. grew its position in shares of OneMain by 64.1% during the 3rd quarter. Blue Trust Inc. now owns 1,219 shares of the financial services provider's stock valued at $59,000 after acquiring an additional 476 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of OneMain by 9.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 51,495 shares of the financial services provider's stock valued at $2,424,000 after acquiring an additional 4,325 shares during the period. International Assets Investment Management LLC grew its position in shares of OneMain by 4,607.1% during the 3rd 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 during the period. PFG Investments LLC purchased a new position in shares of OneMain during the 3rd quarter valued at $256,000. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of OneMain by 88.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 8,982 shares of the financial services provider's stock valued at $423,000 after buying an additional 4,206 shares in the last quarter. Institutional investors own 85.82% of the company's stock.
OneMain Stock Up 1.5 %
OMF stock traded up $0.80 during mid-day trading on Friday, hitting $53.69. The company had a trading volume of 575,798 shares, compared to its average volume of 954,377. The company has a 50-day moving average price of $54.66 and a 200 day moving average price of $51.68. The company has a market capitalization of $6.41 billion, a price-to-earnings ratio of 12.66, a P/E/G ratio of 0.44 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 Announces Dividend
The firm also recently announced 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. This represents a $4.16 annualized dividend and a dividend yield of 7.75%. The ex-dividend date of this dividend was Wednesday, February 12th. OneMain's dividend payout ratio is 98.11%.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the stock. JMP Securities restated a "market outperform" rating and set a $65.00 target price on shares of OneMain in a research note on Monday, February 3rd. JPMorgan Chase & Co. lowered their target price on shares of OneMain from $59.00 to $58.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 14th. Wells Fargo & Company lifted their target price on shares of OneMain from $52.00 to $57.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 21st. StockNews.com upgraded shares of OneMain from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th. Finally, Stephens restated an "overweight" rating and set a $62.00 target price 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 data from MarketBeat.com, OneMain currently has a consensus rating of "Moderate Buy" and a consensus target price of $58.36.
Read Our Latest Stock Analysis on OneMain
Insider Activity
In other news, SVP Michael A. Hedlund sold 2,808 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $887,960.79. This represents a 15.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.45% of the company's stock.
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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