Franklin Resources Inc. Sells 6,984 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Franklin Resources Inc. lessened its position in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 6.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,233 shares of the financial services provider's stock after selling 6,984 shares during the period. Franklin Resources Inc. owned about 0.08% of OneMain worth $5,017,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of OMF. Legend Financial Advisors Inc. acquired a new position in shares of OneMain in the fourth quarter valued at about $26,000. FNY Investment Advisers LLC bought a new position in shares of OneMain during the fourth quarter worth approximately $26,000. Albion Financial Group UT acquired a new stake in shares of OneMain in the fourth quarter valued at approximately $26,000. Continuum Advisory LLC bought a new stake in shares of OneMain in the third quarter valued at approximately $28,000. Finally, IFP Advisors Inc raised its holdings in OneMain by 180.0% in the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock valued at $40,000 after acquiring an additional 495 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

OneMain Trading Up 0.1 %

NYSE:OMF traded up $0.05 during mid-day trading on Wednesday, hitting $44.76. 123,421 shares of the company's stock were exchanged, compared to its average volume of 1,024,983. OneMain Holdings, Inc. has a fifty-two week low of $38.00 and a fifty-two week high of $58.90. The firm has a market capitalization of $5.34 billion, a P/E ratio of 10.53, a PEG ratio of 0.44 and a beta of 1.35. The company has a 50 day simple moving average of $49.81 and a 200-day simple moving average of $51.71.

Remove Ads

OneMain Dividend Announcement

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 9.29%. OneMain's dividend payout ratio (DPR) is presently 98.11%.

Insider Activity at OneMain

In related news, SVP Michael A. Hedlund sold 2,808 shares of OneMain stock in a transaction that occurred on Friday, February 21st. The stock was 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 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.45% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on OMF. Barclays set a $56.00 target price on OneMain in a report on Friday, March 14th. JMP Securities restated a "market outperform" rating and issued a $65.00 target price on shares of OneMain in a research report on Monday, February 3rd. Royal Bank of Canada increased their price target on shares of OneMain from $62.00 to $65.00 and gave the stock an "outperform" rating in a research report on Monday, February 3rd. Stephens restated an "overweight" rating and set a $62.00 target price on shares of OneMain in a research note on Monday, February 3rd. Finally, Wells Fargo & Company lifted their target price on OneMain from $52.00 to $57.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, OneMain presently has a consensus rating of "Moderate Buy" and a consensus target price of $58.17.

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.