OneMain Holdings, Inc. (NYSE:OMF) Shares Acquired by KBC Group NV

KBC Group NV increased its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 44.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 5,114 shares of the financial services provider’s stock after acquiring an additional 1,568 shares during the period. KBC Group NV’s holdings in OneMain were worth $267,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Blue Trust Inc. lifted its position in shares of OneMain by 95.2% during the fourth quarter. Blue Trust Inc. now owns 2,380 shares of the financial services provider’s stock worth $124,000 after purchasing an additional 1,161 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in OneMain by 6.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 275,013 shares of the financial services provider’s stock worth $14,336,000 after buying an additional 15,778 shares in the last quarter. Albion Financial Group UT acquired a new position in OneMain in the 4th quarter worth $26,000. Nisa Investment Advisors LLC boosted its position in OneMain by 25.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,900 shares of the financial services provider’s stock valued at $308,000 after buying an additional 1,200 shares during the last quarter. Finally, Harbor Investment Advisory LLC grew its stake in shares of OneMain by 40.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 5,254 shares of the financial services provider’s stock valued at $274,000 after acquiring an additional 1,502 shares in the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

OneMain Stock Performance

OneMain stock opened at $54.60 on Tuesday. The firm has a market capitalization of $6.52 billion, a P/E ratio of 12.88, a P/E/G ratio of 0.48 and a beta of 1.59. The company has a 50-day simple moving average of $54.74 and a 200-day simple moving average of $50.87. OneMain Holdings, Inc. has a one year low of $41.70 and a one year high of $58.90.

OneMain Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th will be given a dividend of $1.04 per share. The ex-dividend date is Wednesday, February 12th. This represents a $4.16 annualized dividend and a dividend yield of 7.62%. OneMain’s dividend payout ratio is presently 98.11%.

Insider Buying and Selling

In other news, CEO Douglas H. Shulman sold 20,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $54.19, for a total transaction of $1,083,800.00. Following the transaction, the chief executive officer now directly owns 392,474 shares in the company, valued at $21,268,166.06. The trade was a 4.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. JMP Securities reiterated a “market outperform” rating and issued a $65.00 price target on shares of OneMain in a research note on Monday. Stephens reissued an “overweight” rating and set a $62.00 price target on shares of OneMain in a research report on Monday. Royal Bank of Canada upped their price target on shares of OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Monday. Compass Point increased their price objective on shares of OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Barclays cut shares of OneMain from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $52.00 to $46.00 in a research report on Tuesday, October 8th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.15.

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.