OneMain Holdings, Inc. (NYSE:OMF) Shares Purchased by LPL Financial LLC

LPL Financial LLC boosted its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 6.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 161,836 shares of the financial services provider's stock after acquiring an additional 9,245 shares during the quarter. LPL Financial LLC owned about 0.14% of OneMain worth $8,437,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in OMF. BNP Paribas Financial Markets raised its stake in shares of OneMain by 675.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 47,999 shares of the financial services provider's stock valued at $2,259,000 after acquiring an additional 41,808 shares during the period. Centiva Capital LP increased its holdings in OneMain by 184.5% in the 3rd quarter. Centiva Capital LP now owns 14,137 shares of the financial services provider's stock valued at $665,000 after purchasing an additional 9,168 shares during the last quarter. Janus Henderson Group PLC raised its position in OneMain by 69.0% in the third quarter. Janus Henderson Group PLC now owns 772,864 shares of the financial services provider's stock valued at $36,377,000 after purchasing an additional 315,640 shares during the period. Quantinno Capital Management LP boosted its position in shares of OneMain by 0.7% during the third quarter. Quantinno Capital Management LP now owns 27,732 shares of the financial services provider's stock worth $1,305,000 after buying an additional 204 shares during the period. Finally, Stifel Financial Corp boosted its position in shares of OneMain by 16.1% during the third quarter. Stifel Financial Corp now owns 79,396 shares of the financial services provider's stock worth $3,737,000 after buying an additional 10,994 shares during the period. Institutional investors and hedge funds own 85.82% of the company's stock.

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OneMain Price Performance

Shares of OMF traded down $2.61 during mid-day trading on Thursday, reaching $43.06. The company's stock had a trading volume of 1,682,572 shares, compared to its average volume of 1,026,088. The company's 50 day moving average is $50.54 and its 200 day moving average is $51.76. The stock has a market cap of $5.14 billion, a PE ratio of 10.15, a price-to-earnings-growth ratio of 0.44 and a beta of 1.35. OneMain Holdings, Inc. has a 12-month low of $38.00 and a 12-month high of $58.90.

OneMain Dividend Announcement

The company 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 9.66%. The ex-dividend date of this dividend was Wednesday, February 12th. OneMain's dividend payout ratio is currently 98.11%.

Analyst Ratings Changes

Several research firms recently issued reports on OMF. Evercore ISI started coverage on OneMain in a research note on Tuesday, March 25th. They set an "in-line" rating and a $58.00 target price on the stock. Royal Bank of Canada lifted their price objective on shares of OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. Northland Securities raised shares of OneMain from a "market perform" rating to an "outperform" rating in a research note on Tuesday. JPMorgan Chase & Co. decreased their price target on shares of OneMain from $58.00 to $46.00 and set an "overweight" rating for the company in a research report on Tuesday. Finally, StockNews.com raised 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, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, OneMain presently has an average rating of "Moderate Buy" and an average target price of $58.17.

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 value of $157,500.72. Following the completion of the sale, the senior vice president now directly owns 15,831 shares of the company's stock, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.45% of the company's stock.

OneMain 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.