Principal Financial Group Inc. Decreases Position in OneMain Holdings, Inc. (NYSE:OMF)

Principal Financial Group Inc. lessened its stake in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 10.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 721,500 shares of the financial services provider's stock after selling 83,756 shares during the quarter. Principal Financial Group Inc. owned about 0.60% of OneMain worth $37,612,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. TCW Group Inc. boosted its position in shares of OneMain by 23.7% during the 3rd quarter. TCW Group Inc. now owns 55,999 shares of the financial services provider's stock worth $2,636,000 after purchasing an additional 10,744 shares in the last quarter. Quest Partners LLC boosted its position in shares of OneMain by 430.4% during the 3rd quarter. Quest Partners LLC now owns 38,622 shares of the financial services provider's stock worth $1,818,000 after purchasing an additional 31,341 shares in the last quarter. Empowered Funds LLC boosted its position in shares of OneMain by 38.1% during the 3rd quarter. Empowered Funds LLC now owns 33,888 shares of the financial services provider's stock worth $1,595,000 after purchasing an additional 9,349 shares in the last quarter. Sanctuary Advisors LLC lifted its position in OneMain by 143.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 17,405 shares of the financial services provider's stock valued at $819,000 after acquiring an additional 10,253 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its position in OneMain by 4,607.1% in the 3rd quarter. International Assets Investment Management LLC now owns 32,714 shares of the financial services provider's stock valued at $1,540,000 after acquiring an additional 32,019 shares in the last quarter. Institutional investors own 85.82% of the company's stock.

OneMain Stock Performance

NYSE:OMF traded down $1.79 on Friday, hitting $54.21. The stock had a trading volume of 856,289 shares, compared to its average volume of 1,052,419. The firm's fifty day simple moving average is $54.63 and its two-hundred day simple moving average is $51.41. OneMain Holdings, Inc. has a 1 year low of $41.70 and a 1 year high of $58.90. The stock has a market cap of $6.47 billion, a P/E ratio of 12.79, a price-to-earnings-growth ratio of 0.44 and a beta of 1.59.

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were paid a dividend of $1.04 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $4.16 annualized dividend and a dividend yield of 7.67%. OneMain's payout ratio is currently 98.11%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on OMF. Wells Fargo & Company raised their price target on shares of OneMain from $52.00 to $57.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 21st. JMP Securities reaffirmed a "market outperform" rating and issued a $65.00 price target on shares of OneMain in a research report on Monday, February 3rd. Stephens reaffirmed an "overweight" rating and issued a $62.00 price target on shares of OneMain in a research report on Monday, February 3rd. StockNews.com raised shares of OneMain from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. Finally, Royal Bank of Canada raised their price target on shares of OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a research report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, OneMain presently has a consensus rating of "Moderate Buy" and an average price target of $58.36.

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.