William Blair Investment Management LLC Makes New $46.20 Million Investment in OneMain Holdings, Inc. (NYSE:OMF)

William Blair Investment Management LLC bought a new position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 886,149 shares of the financial services provider's stock, valued at approximately $46,195,000. William Blair Investment Management LLC owned 0.74% of OneMain as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Legend Financial Advisors Inc. purchased a new stake in shares of OneMain during the 4th quarter valued at approximately $26,000. FNY Investment Advisers LLC purchased a new stake in shares of OneMain in the fourth quarter worth $26,000. Albion Financial Group UT purchased a new stake in shares of OneMain in the 4th quarter valued at about $26,000. Continuum Advisory LLC purchased a new stake in OneMain in the third quarter valued at approximately $28,000. Finally, IFP Advisors Inc lifted its holdings in shares of 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 acquiring an additional 495 shares during the last quarter. Institutional investors own 85.82% of the company's stock.

OneMain Price Performance

Shares of NYSE:OMF traded up $0.47 during midday trading on Friday, hitting $50.48. The company had a trading volume of 1,884,354 shares, compared to its average volume of 1,068,432. OneMain Holdings, Inc. has a 12-month low of $41.70 and a 12-month high of $58.90. The company has a fifty day moving average of $53.53 and a two-hundred day moving average of $51.77. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 0.44 and a beta of 1.62.

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OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were paid a $1.04 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.24%. OneMain's dividend payout ratio (DPR) is presently 98.11%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Barclays set a $56.00 price objective on OneMain in a research report on Friday, March 14th. StockNews.com upgraded shares of OneMain from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. Royal Bank of Canada upped their target price on OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. JPMorgan Chase & Co. lowered their price objective on shares of OneMain from $59.00 to $58.00 and set an "overweight" rating for the company in a report on Tuesday, January 14th. Finally, 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 research report on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $59.27.

Insider Activity

In related news, SVP Michael A. Hedlund sold 2,808 shares of OneMain stock in a transaction that occurred 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 sale, the senior vice president now owns 15,831 shares of the company's stock, valued at approximately $887,960.79. This trade represents a 15.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.45% of the company's stock.

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.