US Bancorp DE Boosts Stock Position in OneMain Holdings, Inc. (NYSE:OMF)

US Bancorp DE boosted its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,081 shares of the financial services provider’s stock after acquiring an additional 804 shares during the quarter. US Bancorp DE’s holdings in OneMain were worth $734,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Legend Financial Advisors Inc. purchased a new position in OneMain during the 4th quarter valued at $26,000. FNY Investment Advisers LLC purchased a new position in OneMain during the 4th quarter valued at $26,000. Albion Financial Group UT purchased a new position in OneMain during the 4th quarter valued at $26,000. Continuum Advisory LLC purchased a new position in OneMain during the 3rd quarter valued at $28,000. Finally, IFP Advisors Inc boosted its holdings in OneMain by 180.0% during the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 495 shares during the period. Hedge funds and other institutional investors own 85.82% of the company’s stock.

OneMain Price Performance

Shares of NYSE OMF opened at $46.78 on Tuesday. The stock has a market capitalization of $5.58 billion, a P/E ratio of 11.03, a price-to-earnings-growth ratio of 0.44 and a beta of 1.62. OneMain Holdings, Inc. has a 1-year low of $41.70 and a 1-year high of $58.90. The business has a fifty day moving average price of $54.39 and a 200 day moving average price of $51.88.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Wednesday, February 12th were given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 8.89%. The ex-dividend date was Wednesday, February 12th. OneMain’s dividend payout ratio is currently 98.11%.

Insider Buying and Selling at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $56.09, for a total value of $157,500.72. Following the completion of the sale, the senior vice president now directly owns 15,831 shares in the company, valued at approximately $887,960.79. This trade represents a 15.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.45% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on OMF shares. StockNews.com upgraded OneMain from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. lowered their target price on OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Wells Fargo & Company upped their target price on OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. Royal Bank of Canada upped their target price on OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Finally, JMP Securities reiterated a “market outperform” rating and issued a $65.00 target price on shares of OneMain in a report on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $58.36.

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.