Larson Financial Group LLC Buys 7,658 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Larson Financial Group LLC grew its stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 16.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,748 shares of the financial services provider's stock after acquiring an additional 7,658 shares during the period. Larson Financial Group LLC's holdings in OneMain were worth $2,802,000 at the end of the most recent quarter.

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

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Analyst Upgrades and Downgrades

Several research firms have recently weighed in on OMF. Stephens restated an "overweight" rating and set a $62.00 price objective on shares of OneMain in a research note on Monday, February 3rd. Wells Fargo & Company boosted their price target on OneMain from $52.00 to $57.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 21st. JMP Securities reaffirmed a "market outperform" rating and issued a $65.00 price objective on shares of OneMain in a research report on Monday, February 3rd. JPMorgan Chase & Co. dropped 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. Finally, StockNews.com raised shares of OneMain from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $58.36.

OneMain Stock Performance

Shares of OMF stock traded down $2.19 on Monday, hitting $46.78. The company's stock had a trading volume of 1,466,829 shares, compared to its average volume of 977,283. OneMain Holdings, Inc. has a fifty-two week low of $41.70 and a fifty-two week high of $58.90. The stock's 50 day moving average is $54.39 and its 200-day moving average is $51.88. The company has a market capitalization of $5.58 billion, a PE ratio of 11.03, a PEG ratio of 0.44 and a beta of 1.62.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th were issued a $1.04 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $4.16 annualized dividend and a yield of 8.89%. OneMain's dividend payout ratio is presently 98.11%.

Insider Activity

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $56.09, for a total value of $157,500.72. Following the sale, the senior vice president now owns 15,831 shares of the company's stock, valued at approximately $887,960.79. This trade represents a 15.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.45% of the company's stock.

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.