Sumitomo Mitsui Trust Group Inc. Sells 909 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Sumitomo Mitsui Trust Group Inc. cut its position in OneMain Holdings, Inc. (NYSE:OMF) by 3.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,582 shares of the financial services provider’s stock after selling 909 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in OneMain were worth $1,177,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. TCW Group Inc. boosted its stake in OneMain by 23.7% in the 3rd quarter. TCW Group Inc. now owns 55,999 shares of the financial services provider’s stock valued at $2,636,000 after purchasing an additional 10,744 shares during the period. Quest Partners LLC lifted its position in shares of OneMain by 430.4% during the 3rd quarter. Quest Partners LLC now owns 38,622 shares of the financial services provider’s stock valued at $1,818,000 after acquiring an additional 31,341 shares during the period. Empowered Funds LLC lifted its position in shares of OneMain by 38.1% during the 3rd quarter. Empowered Funds LLC now owns 33,888 shares of the financial services provider’s stock valued at $1,595,000 after acquiring an additional 9,349 shares during the period. Sanctuary Advisors LLC lifted its position in shares of OneMain by 143.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 17,405 shares of the financial services provider’s stock valued at $819,000 after acquiring an additional 10,253 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of OneMain by 12.1% during the 3rd quarter. Principal Financial Group Inc. now owns 805,256 shares of the financial services provider’s stock valued at $37,903,000 after acquiring an additional 87,084 shares during the period. 85.82% of the stock is currently owned by institutional investors.

OneMain Stock Up 3.2 %

Shares of OMF opened at $56.97 on Friday. OneMain Holdings, Inc. has a 12-month low of $41.70 and a 12-month high of $58.90. The business has a 50-day simple moving average of $54.54 and a two-hundred day simple moving average of $51.14. The stock has a market cap of $6.80 billion, a PE ratio of 13.44, a PEG ratio of 0.45 and a beta of 1.59.

OneMain Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th will be issued a $1.04 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a yield of 7.30%. OneMain’s payout ratio is presently 98.11%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on OMF. StockNews.com upgraded OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday. 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 research report on Monday, February 3rd. Stephens reiterated an “overweight” rating and set a $62.00 target price on shares of OneMain in a research report on Monday, February 3rd. JMP Securities reissued a “market outperform” rating and set a $65.00 price target on shares of OneMain in a report on Monday, February 3rd. Finally, Wells Fargo & Company boosted their price target on OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, OneMain presently has an average rating of “Moderate Buy” and a consensus price target of $58.36.

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.