13,898 Shares in OneMain Holdings, Inc. (NYSE:OMF) Bought by Oak Thistle LLC

Oak Thistle LLC bought a new stake in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 13,898 shares of the financial services provider's stock, valued at approximately $725,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Commonwealth Equity Services LLC lifted its position in OneMain by 13.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 11,608 shares of the financial services provider's stock valued at $563,000 after purchasing an additional 1,374 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of OneMain by 6.9% during the second quarter. Victory Capital Management Inc. now owns 37,999 shares of the financial services provider's stock valued at $1,843,000 after buying an additional 2,446 shares during the last quarter. Choreo LLC bought a new stake in shares of OneMain during the second quarter valued at approximately $246,000. American Century Companies Inc. grew its holdings in OneMain by 2.1% in the 2nd quarter. American Century Companies Inc. now owns 726,774 shares of the financial services provider's stock worth $35,241,000 after buying an additional 14,644 shares in the last quarter. Finally, Thoroughbred Financial Services LLC acquired a new stake in OneMain in the 2nd quarter valued at approximately $257,000. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Stephens started coverage on OneMain in a research report on Wednesday, November 13th. They set an "overweight" rating and a $62.00 price target for the company. JPMorgan Chase & Co. decreased their target price on shares of OneMain from $59.00 to $58.00 and set an "overweight" rating for the company in a research report on Tuesday. JMP Securities upped their price target on shares of OneMain from $60.00 to $62.00 and gave the stock a "market outperform" rating in a research note on Thursday, October 31st. Compass Point raised their price objective on shares of OneMain from $60.00 to $63.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Finally, StockNews.com downgraded OneMain from a "buy" rating to a "hold" rating in a research report on Tuesday, November 5th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $56.31.

OneMain Price Performance

OneMain stock traded up $0.31 during mid-day trading on Thursday, hitting $54.74. The company's stock had a trading volume of 719,970 shares, compared to its average volume of 842,507. OneMain Holdings, Inc. has a 52-week low of $41.70 and a 52-week high of $57.97. The firm's 50 day moving average is $54.45 and its 200 day moving average is $50.23. The company has a market cap of $6.53 billion, a PE ratio of 11.98, a price-to-earnings-growth ratio of 0.44 and a beta of 1.58.

OneMain Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 7.60%. The ex-dividend date was Tuesday, November 12th. OneMain's dividend payout ratio is currently 91.03%.

Insider Activity at OneMain

In related news, SVP Michael A. Hedlund sold 1,992 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total value of $103,584.00. Following the transaction, the senior vice president now owns 18,955 shares in the company, valued at approximately $985,660. This represents a 9.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas H. Shulman sold 5,000 shares of OneMain stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $53.00, for a total transaction of $265,000.00. Following the completion of the sale, the chief executive officer now owns 412,474 shares of the company's stock, valued at $21,861,122. This trade represents a 1.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,492 shares of company stock valued at $1,582,384. 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.