Raymond James Financial Inc. Purchases Shares of 39,811 OneMain Holdings, Inc. (NYSE:OMF)

Raymond James Financial Inc. purchased a new stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 39,811 shares of the financial services provider's stock, valued at approximately $2,075,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Legend Financial Advisors Inc. bought a new stake in OneMain in the fourth quarter valued at approximately $26,000. FNY Investment Advisers LLC acquired a new position in shares of OneMain in the 4th quarter valued at $26,000. Albion Financial Group UT bought a new stake in shares of OneMain in the 4th quarter valued at $26,000. Continuum Advisory LLC acquired a new stake in OneMain during the 3rd quarter worth $28,000. Finally, IFP Advisors Inc raised its stake in OneMain by 180.0% during the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock worth $40,000 after buying an additional 495 shares during the period. Institutional investors own 85.82% of the company's stock.

Analyst Upgrades and Downgrades

OMF has been the subject of a number of research analyst reports. Royal Bank of Canada boosted their target price on OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd. Wells Fargo & Company boosted their price objective on OneMain from $52.00 to $57.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. dropped their target price on shares of OneMain from $59.00 to $58.00 and set an "overweight" rating on the stock in a report on Tuesday, January 14th. Stephens reaffirmed an "overweight" rating and issued a $62.00 price target on shares of OneMain in a research note on Monday, February 3rd. Finally, JMP Securities reissued a "market outperform" rating and set a $65.00 price objective on shares of OneMain in a research report on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.17.

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OneMain Stock Performance

OneMain stock traded down $5.87 during mid-day trading on Thursday, reaching $44.72. The company's stock had a trading volume of 2,809,549 shares, compared to its average volume of 1,000,486. OneMain Holdings, Inc. has a 12 month low of $41.70 and a 12 month high of $58.90. The business's 50 day simple moving average is $52.55 and its 200 day simple moving average is $52.04. The company has a market capitalization of $5.34 billion, a price-to-earnings ratio of 10.55, a price-to-earnings-growth ratio of 0.44 and a beta of 1.35.

OneMain Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Wednesday, February 12th were given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 9.30%. The ex-dividend date was Wednesday, February 12th. OneMain's dividend payout ratio is currently 98.11%.

Insider Activity at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of the firm's 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 completion of the transaction, the senior vice president now directly owns 15,831 shares in the company, valued at $887,960.79. This trade represents a 15.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.45% of the stock is owned by company 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.