Blue Trust Inc. Has $124,000 Stock Position in OneMain Holdings, Inc. (NYSE:OMF)

Blue Trust Inc. increased its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 95.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,380 shares of the financial services provider’s stock after acquiring an additional 1,161 shares during the period. Blue Trust Inc.’s holdings in OneMain were worth $124,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Sei Investments Co. raised its stake in shares of OneMain by 82.3% in the second quarter. Sei Investments Co. now owns 13,573 shares of the financial services provider’s stock worth $658,000 after purchasing an additional 6,128 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in OneMain by 13.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,276 shares of the financial services provider’s stock valued at $110,000 after buying an additional 271 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in OneMain by 8.4% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 5,875 shares of the financial services provider’s stock valued at $285,000 after acquiring an additional 454 shares in the last quarter. Cetera Investment Advisers lifted its stake in OneMain by 3.7% during the 2nd quarter. Cetera Investment Advisers now owns 28,774 shares of the financial services provider’s stock valued at $1,395,000 after acquiring an additional 1,037 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in OneMain during the 2nd quarter worth $364,000. Institutional investors own 85.82% of the company’s stock.

Insider Activity

In related news, CEO Douglas H. Shulman sold 20,000 shares of OneMain stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $54.19, for a total value of $1,083,800.00. Following the completion of the transaction, the chief executive officer now directly owns 392,474 shares in the company, valued at approximately $21,268,166.06. The trade was a 4.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.45% of the company’s stock.

OneMain Stock Performance

OMF stock opened at $56.80 on Thursday. The stock has a fifty day moving average of $54.69 and a 200-day moving average of $50.94. OneMain Holdings, Inc. has a fifty-two week low of $41.70 and a fifty-two week high of $58.90. The company has a market capitalization of $6.78 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 0.48 and a beta of 1.59.

OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th will be given a dividend of $1.04 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a yield of 7.32%. OneMain’s dividend payout ratio is presently 98.11%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on OMF shares. StockNews.com raised shares of OneMain from a “hold” rating to a “buy” rating in a research report on Monday. Stephens reissued an “overweight” rating and set a $62.00 target price on shares of OneMain in a research report on Monday. JMP Securities reaffirmed a “market outperform” rating and issued a $65.00 target price on shares of OneMain in a report on Monday. Wells Fargo & Company increased their price target on OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. Finally, Royal Bank of Canada boosted their price objective on OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Monday. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.15.

About OneMain

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.