Wellington Management Group LLP Purchases 1,796,054 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Wellington Management Group LLP increased its stake in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 395.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,249,762 shares of the financial services provider's stock after acquiring an additional 1,796,054 shares during the period. Wellington Management Group LLP owned about 1.88% of OneMain worth $117,280,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Ieq Capital LLC acquired a new stake in shares of OneMain in the 4th quarter valued at about $896,000. Orion Portfolio Solutions LLC grew its holdings in shares of OneMain by 66.5% during the fourth quarter. Orion Portfolio Solutions LLC now owns 17,681 shares of the financial services provider's stock worth $922,000 after buying an additional 7,060 shares in the last quarter. PNC Financial Services Group Inc. raised its position in OneMain by 15.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,263 shares of the financial services provider's stock valued at $222,000 after buying an additional 569 shares during the last quarter. IFP Advisors Inc lifted its stake 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. Finally, TCW Group Inc. boosted its position in 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 acquiring an additional 10,744 shares during the last quarter. 85.82% of the stock is owned by institutional investors.

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Insider Buying and Selling at OneMain

In related news, SVP Michael A. Hedlund sold 2,808 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $56.09, for a total value 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 represents a 15.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.45% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. StockNews.com raised shares of OneMain from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. Stephens reissued an "overweight" rating and set a $62.00 price target on shares of OneMain in a research report on Monday, February 3rd. Wells Fargo & Company raised their price objective on OneMain from $52.00 to $57.00 and gave the company an "equal weight" rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. dropped their target price on OneMain from $58.00 to $46.00 and set an "overweight" rating on the stock in a report on Tuesday. Finally, Royal Bank of Canada increased their price target on OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a research report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, OneMain has a consensus rating of "Moderate Buy" and a consensus target price of $58.17.

OneMain Stock Up 1.9 %

Shares of NYSE OMF traded up $0.81 during midday trading on Tuesday, hitting $42.35. 392,087 shares of the company's stock were exchanged, compared to its average volume of 1,137,406. The firm has a market capitalization of $5.06 billion, a PE ratio of 9.98, a price-to-earnings-growth ratio of 0.44 and a beta of 1.35. OneMain Holdings, Inc. has a 12 month low of $38.00 and a 12 month high of $58.90. The company's 50 day moving average price is $51.90 and its 200 day moving average price is $51.99.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a yield of 9.82%. OneMain's dividend payout ratio (DPR) is 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.