Jones Financial Companies Lllp Buys 816 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Jones Financial Companies Lllp boosted its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 73.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,924 shares of the financial services provider’s stock after acquiring an additional 816 shares during the quarter. Jones Financial Companies Lllp’s holdings in OneMain were worth $100,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in OMF. Quantinno Capital Management LP lifted its position in shares of OneMain by 0.7% during the 3rd quarter. Quantinno Capital Management LP now owns 27,732 shares of the financial services provider’s stock worth $1,305,000 after buying an additional 204 shares in the last quarter. Atria Wealth Solutions Inc. increased its stake in shares of OneMain by 5.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 4,724 shares of the financial services provider’s stock worth $246,000 after purchasing an additional 231 shares during the last quarter. Avitas Wealth Management LLC increased its stake in shares of OneMain by 0.6% during the 4th quarter. Avitas Wealth Management LLC now owns 45,432 shares of the financial services provider’s stock worth $2,368,000 after purchasing an additional 256 shares during the last quarter. Allworth Financial LP increased its stake in shares of OneMain by 21.6% during the 4th quarter. Allworth Financial LP now owns 1,624 shares of the financial services provider’s stock worth $93,000 after purchasing an additional 288 shares during the last quarter. Finally, OneDigital Investment Advisors LLC grew its stake in OneMain by 4.8% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 6,666 shares of the financial services provider’s stock valued at $314,000 after buying an additional 304 shares in the last quarter. Institutional investors own 85.82% of the company’s stock.

Insider Buying and Selling

In related news, SVP Michael A. Hedlund sold 2,808 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $56.09, for a total value of $157,500.72. Following the completion of the transaction, the senior vice president now directly 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 the SEC website. 0.45% of the stock is owned by company insiders.

Analysts Set New Price Targets

OMF has been the topic of a number of analyst reports. JMP Securities reissued a “market outperform” rating and set a $65.00 target price on shares of OneMain in a report on Monday, February 3rd. Royal Bank of Canada boosted their target price on shares of OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. lowered their target price on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Stephens reissued an “overweight” rating and set a $62.00 target price on shares of OneMain in a report on Monday, February 3rd. Finally, Wells Fargo & Company boosted their target price on shares of OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $58.36.

OneMain Stock Performance

OneMain stock opened at $48.68 on Monday. OneMain Holdings, Inc. has a fifty-two week low of $41.70 and a fifty-two week high of $58.90. The firm’s fifty day moving average price is $53.82 and its 200-day moving average price is $51.81. The stock has a market cap of $5.81 billion, a P/E ratio of 11.48, a PEG ratio of 0.44 and a beta of 1.62.

OneMain Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors 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 annualized dividend and a yield of 8.55%. OneMain’s dividend payout ratio (DPR) is presently 98.11%.

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.