Integrated Quantitative Investments LLC Takes Position in OneMain Holdings, Inc. (NYSE:OMF)

Integrated Quantitative Investments LLC acquired a new position in OneMain Holdings, Inc. (NYSE:OMF - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 6,400 shares of the financial services provider's stock, valued at approximately $334,000.

A number of other institutional investors have also recently bought and sold shares of the business. Legend Financial Advisors Inc. acquired a new position in shares of OneMain in the 4th quarter valued at approximately $26,000. FNY Investment Advisers LLC bought a new position in OneMain in the 4th quarter valued at approximately $26,000. Albion Financial Group UT acquired a new stake in OneMain in the fourth quarter valued at approximately $26,000. Continuum Advisory LLC acquired a new stake in OneMain in the third quarter valued at approximately $28,000. Finally, IFP Advisors Inc lifted its stake in shares of OneMain by 180.0% in the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock valued at $40,000 after acquiring an additional 495 shares during the last quarter. Institutional investors own 85.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on OMF. Royal Bank of Canada upped their target price on OneMain from $62.00 to $65.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. Northland Capmk upgraded shares of OneMain from a "hold" rating to a "strong-buy" rating in a report on Tuesday. StockNews.com upgraded shares of OneMain from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. Barclays set a $56.00 price objective on shares of OneMain in a research note on Friday, March 14th. Finally, Wells Fargo & Company upped their price target on OneMain from $52.00 to $57.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $58.17.

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OneMain Stock Performance

OneMain stock traded down $3.47 during mid-day trading on Thursday, reaching $42.19. The stock had a trading volume of 551,027 shares, compared to its average volume of 1,020,833. The stock's 50-day simple moving average is $50.77 and its 200-day simple moving average is $51.78. OneMain Holdings, Inc. has a fifty-two week low of $38.00 and a fifty-two week high of $58.90. The firm has a market capitalization of $5.04 billion, a PE ratio of 9.88, a price-to-earnings-growth ratio of 0.44 and a beta of 1.35.

OneMain Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Wednesday, February 12th were given a $1.04 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $4.16 annualized dividend and a yield of 9.86%. OneMain's payout ratio is 98.11%.

Insider Buying and Selling at OneMain

In related news, SVP Michael A. Hedlund sold 2,808 shares of the company's stock in a transaction 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 completion of the sale, the senior vice president now owns 15,831 shares in the company, valued at approximately $887,960.79. This represents a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.45% of the company's stock.

OneMain Company Profile

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.