First Trust Advisors LP Has $53.17 Million Stock Position in OneMain Holdings, Inc. (NYSE:OMF)

First Trust Advisors LP lifted its position in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 21.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,019,946 shares of the financial services provider's stock after buying an additional 179,254 shares during the period. First Trust Advisors LP owned about 0.85% of OneMain worth $53,170,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Barclays PLC raised its position in shares of OneMain by 22.0% during the third quarter. Barclays PLC now owns 100,831 shares of the financial services provider's stock worth $4,747,000 after purchasing an additional 18,190 shares during the period. Sanctuary Advisors LLC raised its holdings in OneMain by 143.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 17,405 shares of the financial services provider's stock worth $819,000 after buying an additional 10,253 shares during the period. Wilmington Savings Fund Society FSB bought a new position in OneMain in the third quarter valued at approximately $184,000. B. Riley Wealth Advisors Inc. boosted its holdings in shares of OneMain by 12.5% in the third quarter. B. Riley Wealth Advisors Inc. now owns 6,608 shares of the financial services provider's stock valued at $306,000 after buying an additional 733 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of OneMain by 12.1% during the third quarter. Principal Financial Group Inc. now owns 805,256 shares of the financial services provider's stock worth $37,903,000 after acquiring an additional 87,084 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company's stock.

Insiders Place Their Bets

In related 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 transaction, the senior vice president now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.45% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on OMF. Barclays set a $56.00 price objective on shares of OneMain in a research report on Friday, March 14th. Wells Fargo & Company boosted their target price on OneMain from $52.00 to $57.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 21st. Stephens reaffirmed an "overweight" rating and set a $62.00 price target on shares of OneMain in a research note on Monday, February 3rd. StockNews.com upgraded shares of OneMain from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. lowered their price target on shares of OneMain from $58.00 to $46.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $58.17.

OneMain Stock Up 0.3 %

Shares of OMF stock traded up $0.17 during trading on Friday, reaching $48.86. 812,238 shares of the company's stock were exchanged, compared to its average volume of 1,038,667. The firm's fifty day moving average price is $48.12 and its 200-day moving average price is $51.66. OneMain Holdings, Inc. has a twelve month low of $38.00 and a twelve month high of $58.90. The stock has a market capitalization of $5.83 billion, a PE ratio of 11.52, a PEG ratio of 0.44 and a beta of 1.35.

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Wednesday, February 12th were paid a $1.04 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a yield of 8.51%. OneMain's dividend payout ratio (DPR) is currently 98.11%.

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.