Allspring Global Investments Holdings LLC Purchases 26,167 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Allspring Global Investments Holdings LLC increased its position in OneMain Holdings, Inc. (NYSE:OMF) by 50.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,662 shares of the financial services provider’s stock after acquiring an additional 26,167 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.07% of OneMain worth $4,046,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. State Street Corp raised its holdings in 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 acquiring an additional 16,615 shares during the period. Geode Capital Management LLC raised its holdings in OneMain by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,139,793 shares of the financial services provider’s stock worth $100,935,000 after acquiring an additional 13,978 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of OneMain by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,412,436 shares of the financial services provider’s stock worth $66,483,000 after purchasing an additional 30,558 shares during the period. Basswood Capital Management L.L.C. increased its holdings in shares of OneMain by 12.3% during the 3rd quarter. Basswood Capital Management L.L.C. now owns 1,030,423 shares of the financial services provider’s stock worth $48,502,000 after purchasing an additional 113,018 shares during the period. Finally, Argent Capital Management LLC increased its holdings in shares of OneMain by 2.3% during the 4th quarter. Argent Capital Management LLC now owns 827,710 shares of the financial services provider’s stock worth $43,149,000 after purchasing an additional 18,534 shares during the period. Institutional investors own 85.82% of the company’s stock.

Analyst Upgrades and Downgrades

OMF has been the topic of several research reports. Stephens restated an “overweight” rating and set a $62.00 price objective on shares of OneMain in a report on Monday, February 3rd. Compass Point boosted their price objective on shares of OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Royal Bank of Canada boosted their price objective on shares of OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Finally, JMP Securities restated a “market outperform” rating and set a $65.00 price objective on shares of OneMain in a report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $58.36.

OneMain Stock Down 1.9 %

NYSE:OMF opened at $56.01 on Friday. The firm has a market cap of $6.69 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 0.46 and a beta of 1.59. OneMain Holdings, Inc. has a 12 month low of $41.70 and a 12 month high of $58.90. The company’s 50-day moving average price is $54.66 and its two-hundred day moving average price is $51.34.

OneMain Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th were given a $1.04 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a yield of 7.43%. OneMain’s dividend payout ratio (DPR) is presently 98.11%.

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.