Wells Fargo & Company MN Purchases 30,498 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Wells Fargo & Company MN grew its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 12.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 283,950 shares of the financial services provider's stock after acquiring an additional 30,498 shares during the period. Wells Fargo & Company MN owned about 0.24% of OneMain worth $14,802,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of OMF. Stifel Financial Corp lifted its holdings in OneMain by 16.1% during the 3rd quarter. Stifel Financial Corp now owns 79,396 shares of the financial services provider's stock worth $3,737,000 after buying an additional 10,994 shares during the period. State Street Corp lifted its position in shares of OneMain by 0.8% in the 3rd quarter. State Street Corp now owns 2,140,861 shares of the financial services provider's stock worth $100,770,000 after purchasing an additional 16,615 shares during the period. Orion Portfolio Solutions LLC increased its position in shares of OneMain by 65.1% during the third quarter. Orion Portfolio Solutions LLC now owns 10,621 shares of the financial services provider's stock worth $500,000 after buying an additional 4,188 shares during the period. MML Investors Services LLC lifted its holdings in OneMain by 8.7% in the third quarter. MML Investors Services LLC now owns 18,323 shares of the financial services provider's stock valued at $862,000 after buying an additional 1,474 shares during the period. Finally, Barclays PLC grew its holdings in OneMain by 22.0% during the 3rd quarter. Barclays PLC now owns 100,831 shares of the financial services provider's stock worth $4,747,000 after acquiring an additional 18,190 shares during the period. Institutional investors and hedge funds own 85.82% of the company's stock.

Insider Buying and Selling at OneMain

In other news, SVP Michael A. Hedlund sold 2,808 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $56.09, for a total transaction of $157,500.72. Following the completion of the sale, the senior vice president now directly owns 15,831 shares of the company's stock, valued at $887,960.79. This trade represents a 15.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.45% of the company's stock.

OneMain Stock Performance

OMF traded up $0.28 during mid-day trading on Friday, reaching $44.38. 1,010,398 shares of the stock were exchanged, compared to its average volume of 1,032,292. The company has a 50 day moving average price of $49.08 and a two-hundred day moving average price of $51.68. The stock has a market capitalization of $5.29 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 0.44 and a beta of 1.35. OneMain Holdings, Inc. has a 1 year low of $38.00 and a 1 year high of $58.90.

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th were given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 9.37%. The ex-dividend date of this dividend was Wednesday, February 12th. OneMain's payout ratio is 98.11%.

Analyst Ratings Changes

OMF has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on OneMain from $52.00 to $57.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 21st. Evercore ISI started coverage on shares of OneMain in a research report on Tuesday, March 25th. They set an "in-line" rating and a $58.00 target price on the stock. JMP Securities restated a "market outperform" rating and issued a $65.00 price target on shares of OneMain in a report on Monday, February 3rd. Stephens reiterated an "overweight" rating and set a $62.00 price objective on shares of OneMain in a report on Monday, February 3rd. Finally, StockNews.com upgraded OneMain from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average 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.