Clearbridge Investments LLC Acquires 1,013,312 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Clearbridge Investments LLC lifted its stake in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 54.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,885,961 shares of the financial services provider's stock after acquiring an additional 1,013,312 shares during the quarter. Clearbridge Investments LLC owned approximately 2.42% of OneMain worth $150,445,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in OMF. Cerity Partners LLC boosted its position in shares of OneMain by 23.6% in the third quarter. Cerity Partners LLC now owns 41,863 shares of the financial services provider's stock worth $1,970,000 after purchasing an additional 7,989 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of OneMain by 675.3% during 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 buying an additional 41,808 shares in the last quarter. Bridgewater Associates LP boosted its holdings in OneMain by 466.1% in the 3rd quarter. Bridgewater Associates LP now owns 26,416 shares of the financial services provider's stock worth $1,243,000 after buying an additional 21,750 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in OneMain by 12.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,129 shares of the financial services provider's stock worth $1,230,000 after buying an additional 2,803 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. bought a new stake in OneMain during the third quarter valued at about $108,000. 85.82% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of OneMain stock in a transaction on Friday, February 21st. The shares were sold at an average price of $56.09, for a total transaction of $157,500.72. Following the completion of the transaction, the senior vice president now directly owns 15,831 shares of the company's stock, valued at $887,960.79. The trade was a 15.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.45% of the company's stock.

OneMain Trading Down 8.4 %

Shares of NYSE:OMF traded down $3.75 during trading on Friday, reaching $40.99. The company's stock had a trading volume of 2,467,562 shares, compared to its average volume of 1,006,614. The stock has a market capitalization of $4.89 billion, a PE ratio of 9.67, a price-to-earnings-growth ratio of 0.44 and a beta of 1.35. OneMain Holdings, Inc. has a 12 month low of $39.55 and a 12 month high of $58.90. The firm's 50 day simple moving average is $52.22 and its two-hundred day simple moving average is $52.00.

OneMain Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 10.15%. The ex-dividend date of this dividend was Wednesday, February 12th. OneMain's dividend payout ratio (DPR) is 98.11%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Barclays set a $56.00 price objective on OneMain in a research note on Friday, March 14th. Wells Fargo & Company increased their price objective on shares of OneMain from $52.00 to $57.00 and gave the company an "equal weight" rating in a report on Tuesday, January 21st. StockNews.com raised shares of OneMain from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. Evercore ISI began coverage on shares of OneMain in a research note on Tuesday, March 25th. They set an "in-line" rating and a $58.00 target price for the company. Finally, Stephens reiterated an "overweight" rating and issued a $62.00 price target on shares of OneMain in a report on Monday, February 3rd. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $59.17.

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.