Vanguard Group Inc. Has $619.78 Million Stock Position in OneMain Holdings, Inc. (NYSE:OMF)

Vanguard Group Inc. increased its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,889,113 shares of the financial services provider's stock after acquiring an additional 40,042 shares during the period. Vanguard Group Inc. owned about 9.96% of OneMain worth $619,779,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. LPL Financial LLC grew its stake in shares of OneMain by 6.1% in the 4th quarter. LPL Financial LLC now owns 161,836 shares of the financial services provider's stock valued at $8,437,000 after purchasing an additional 9,245 shares during the period. KLP Kapitalforvaltning AS bought a new stake in OneMain in the fourth quarter valued at $1,288,000. Sei Investments Co. raised its stake in OneMain by 34.9% during the fourth quarter. Sei Investments Co. now owns 11,148 shares of the financial services provider's stock worth $581,000 after acquiring an additional 2,886 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of OneMain by 29.2% during the fourth quarter. American Century Companies Inc. now owns 957,589 shares of the financial services provider's stock valued at $49,919,000 after acquiring an additional 216,157 shares during the period. Finally, Northwest & Ethical Investments L.P. boosted its stake in shares of OneMain by 39.1% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 3,200 shares of the financial services provider's stock valued at $167,000 after purchasing an additional 900 shares in the last quarter. Institutional investors own 85.82% of the company's stock.

Remove Ads

Insider Buying and Selling at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of the firm's 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 in the company, valued at approximately $887,960.79. This trade represents a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.45% of the company's stock.

Analysts Set New Price Targets

OMF has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. dropped their target price on shares of OneMain from $59.00 to $58.00 and set an "overweight" rating for the company in a research report on Tuesday, January 14th. Evercore ISI began coverage on shares of OneMain in a research note on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 target price for the company. JMP Securities restated a "market outperform" rating and set a $65.00 price target on shares of OneMain in a research report on Monday, February 3rd. Wells Fargo & Company raised their price target on OneMain from $52.00 to $57.00 and gave the company an "equal weight" rating in a report on Tuesday, January 21st. Finally, Barclays set a $56.00 price objective on OneMain in a research note on Friday, March 14th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $59.17.

OneMain Stock Performance

NYSE:OMF traded down $3.75 on Friday, hitting $40.99. 2,467,562 shares of the stock were exchanged, compared to its average volume of 1,006,614. OneMain Holdings, Inc. has a 52 week low of $39.58 and a 52 week high of $58.90. The stock has a market capitalization of $4.89 billion, a price-to-earnings ratio of 9.67, a P/E/G ratio of 0.44 and a beta of 1.35. The company's 50-day moving average price is $52.22 and its 200 day moving average price is $52.00.

OneMain Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Wednesday, February 12th were issued a $1.04 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $4.16 annualized dividend and a yield of 10.15%. OneMain's dividend payout ratio 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.