IFP Advisors Inc Acquires 495 Shares of OneMain Holdings, Inc. (NYSE:OMF)

IFP Advisors Inc raised its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 180.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 770 shares of the financial services provider’s stock after purchasing an additional 495 shares during the quarter. IFP Advisors Inc’s holdings in OneMain were worth $40,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in OMF. Wealth Enhancement Advisory Services LLC lifted its position in shares of OneMain by 88.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 8,982 shares of the financial services provider’s stock worth $423,000 after purchasing an additional 4,206 shares during the last quarter. QRG Capital Management Inc. lifted its position in shares of OneMain by 5.9% during the third quarter. QRG Capital Management Inc. now owns 63,616 shares of the financial services provider’s stock worth $2,994,000 after purchasing an additional 3,559 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of OneMain by 12.1% in the third 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 in the last quarter. Verdence Capital Advisors LLC raised its holdings in shares of OneMain by 14.6% in the third quarter. Verdence Capital Advisors LLC now owns 40,153 shares of the financial services provider’s stock valued at $1,890,000 after acquiring an additional 5,120 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in shares of OneMain by 13.3% in the third quarter. Assetmark Inc. now owns 8,650 shares of the financial services provider’s stock valued at $407,000 after acquiring an additional 1,016 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors.

OneMain Stock Performance

Shares of OMF stock opened at $49.38 on Friday. OneMain Holdings, Inc. has a fifty-two week low of $41.70 and a fifty-two week high of $58.90. The firm has a market capitalization of $5.89 billion, a price-to-earnings ratio of 11.65, a PEG ratio of 0.44 and a beta of 1.62. The stock’s 50-day simple moving average is $54.54 and its 200-day simple moving average is $51.82.

OneMain Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were paid a dividend of $1.04 per share. 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 8.42%. OneMain’s payout ratio is 98.11%.

Insider Transactions at OneMain

In other news, SVP Michael A. Hedlund sold 2,808 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $887,960.79. The trade was a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.45% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on OMF shares. Wells Fargo & Company lifted their price objective on OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. Stephens restated an “overweight” rating and issued a $62.00 price objective on shares of OneMain in a report on Monday, February 3rd. JPMorgan Chase & Co. decreased their price objective on OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. JMP Securities restated a “market outperform” rating and issued a $65.00 price objective on shares of OneMain in a report on Monday, February 3rd. Finally, Royal Bank of Canada lifted their price objective on OneMain from $62.00 to $65.00 and gave the company an “outperform” rating 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 stock. Based on data from MarketBeat, OneMain has a consensus 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.