Impact Capital Partners LLC Makes New Investment in OneMain Holdings, Inc. (NYSE:OMF)

Impact Capital Partners LLC acquired a new stake in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 44,143 shares of the financial services provider's stock, valued at approximately $2,301,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Legend Financial Advisors Inc. purchased a new position in shares of OneMain in the 4th quarter valued at approximately $26,000. FNY Investment Advisers LLC acquired a new position in shares of OneMain in the 4th quarter valued at $26,000. Albion Financial Group UT purchased a new position in OneMain in the 4th quarter worth $26,000. Continuum Advisory LLC purchased a new stake in OneMain during the 3rd quarter valued at about $28,000. Finally, IFP Advisors Inc raised its stake in shares of OneMain by 180.0% in the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock worth $40,000 after purchasing an additional 495 shares during the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

OneMain Stock Up 0.7 %

NYSE:OMF opened at $46.27 on Thursday. OneMain Holdings, Inc. has a 52 week low of $41.70 and a 52 week high of $58.90. The stock's fifty day moving average is $54.16 and its two-hundred day moving average is $51.86. The company has a market capitalization of $5.52 billion, a P/E ratio of 10.91, a P/E/G ratio of 0.44 and a beta of 1.62.

OneMain Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th were given a $1.04 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a yield of 8.99%. OneMain's payout ratio is currently 98.11%.

Insiders Place Their Bets

In other news, SVP Michael A. Hedlund sold 2,808 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were 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 in the company, valued at approximately $887,960.79. This represents a 15.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.45% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

OMF has been the topic of several recent research reports. Stephens reaffirmed an "overweight" rating and issued a $62.00 price objective on shares of OneMain in a report on Monday, February 3rd. 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 report on Tuesday, January 21st. JMP Securities reaffirmed a "market outperform" rating and set a $65.00 price objective on shares of OneMain in a research note on Monday, February 3rd. Royal Bank of Canada upped their price objective on shares of OneMain from $62.00 to $65.00 and gave the stock an "outperform" rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. decreased their target price on OneMain from $59.00 to $58.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 14th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, OneMain currently has a consensus rating of "Moderate Buy" and a consensus target price of $58.36.

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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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