Bank of New York Mellon Corp Has $56.37 Million Position in OneMain Holdings, Inc. (NYSE:OMF)

Bank of New York Mellon Corp lessened its stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,081,259 shares of the financial services provider's stock after selling 13,021 shares during the period. Bank of New York Mellon Corp owned 0.91% of OneMain worth $56,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. IFP Advisors Inc raised its holdings in shares of OneMain by 180.0% in the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock valued at $40,000 after buying an additional 495 shares during the last quarter. TCW Group Inc. raised its stake in OneMain by 8.1% during the 4th quarter. TCW Group Inc. now owns 60,559 shares of the financial services provider's stock valued at $3,157,000 after acquiring an additional 4,560 shares during the last quarter. Concurrent Investment Advisors LLC lifted its position in OneMain by 10.9% during the 4th quarter. Concurrent Investment Advisors LLC now owns 9,296 shares of the financial services provider's stock worth $485,000 after acquiring an additional 910 shares during the period. Ieq Capital LLC purchased a new position in shares of OneMain in the 4th quarter valued at approximately $896,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of OneMain in the fourth quarter valued at approximately $126,000. Institutional investors and hedge funds own 85.82% of the company's stock.

OneMain Stock Up 0.7 %

OneMain stock traded up $0.35 during mid-day trading on Wednesday, hitting $50.22. 756,546 shares of the company's stock traded hands, compared to its average volume of 969,480. The company has a market cap of $5.99 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 0.44 and a beta of 1.62. The firm has a 50 day moving average price of $54.59 and a 200 day moving average price of $51.83. OneMain Holdings, Inc. has a one year low of $41.70 and a one year high of $58.90.

OneMain Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were issued a dividend of $1.04 per share. The ex-dividend date was Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.28%. OneMain's dividend payout ratio is 98.11%.

Analysts Set New Price Targets

Several brokerages recently weighed in on OMF. StockNews.com raised OneMain from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. Wells Fargo & Company lifted their target price 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. JMP Securities reissued a "market outperform" rating and set a $65.00 price target on shares of OneMain in a report on Monday, February 3rd. Stephens reaffirmed an "overweight" rating and issued a $62.00 price objective on shares of OneMain in a report on Monday, February 3rd. Finally, Royal Bank of Canada increased their target price on OneMain from $62.00 to $65.00 and gave the stock an "outperform" rating in a research note on Monday, February 3rd. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $58.36.

Insider Activity at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of OneMain stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $56.09, for a total transaction of $157,500.72. Following the transaction, the senior vice president now owns 15,831 shares of the company's stock, valued at $887,960.79. The trade was a 15.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.45% of the stock is owned by insiders.

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.