HighTower Advisors LLC Buys 5,217 Shares of OneMain Holdings, Inc. (NYSE:OMF)

HighTower Advisors LLC grew its position in OneMain Holdings, Inc. (NYSE:OMF) by 41.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,775 shares of the financial services provider’s stock after purchasing an additional 5,217 shares during the quarter. HighTower Advisors LLC’s holdings in OneMain were worth $927,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Ieq Capital LLC bought a new position in OneMain during the fourth quarter valued at about $896,000. PNC Financial Services Group Inc. grew its holdings in shares of OneMain by 15.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,263 shares of the financial services provider’s stock worth $222,000 after purchasing an additional 569 shares in the last quarter. IFP Advisors Inc increased its position in shares of OneMain by 180.0% during the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 495 shares during the period. TCW Group Inc. raised its stake in shares of OneMain by 23.7% in the third 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 in the last quarter. Finally, Sanctuary Advisors LLC lifted its position in OneMain by 143.4% in the third quarter. Sanctuary Advisors LLC now owns 17,405 shares of the financial services provider’s stock worth $819,000 after purchasing an additional 10,253 shares during the period. 85.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on OMF. StockNews.com raised shares of OneMain from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. JMP Securities reiterated a “market outperform” rating and issued a $65.00 price objective on shares of OneMain in a research note on Monday, February 3rd. Wells Fargo & Company raised their target price on OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. Barclays set a $56.00 price target on OneMain in a research report on Friday, March 14th. Finally, Evercore ISI started coverage on OneMain in a report on Tuesday. They set an “in-line” rating and a $58.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, OneMain presently has an average rating of “Moderate Buy” and an average target price of $59.17.

Insider Transactions at OneMain

In other news, SVP Michael A. Hedlund sold 2,808 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $56.09, for a total transaction of $157,500.72. Following the transaction, the senior vice president now owns 15,831 shares of the company’s stock, valued at $887,960.79. This represents a 15.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.45% of the company’s stock.

OneMain Stock Performance

Shares of NYSE OMF opened at $50.46 on Friday. The firm has a 50 day moving average price of $53.33 and a two-hundred day moving average price of $51.90. The stock has a market cap of $6.02 billion, a P/E ratio of 11.90, a price-to-earnings-growth ratio of 0.44 and a beta of 1.62. OneMain Holdings, Inc. has a 52-week low of $41.70 and a 52-week high of $58.90.

OneMain Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th were issued a dividend of $1.04 per share. The ex-dividend date was Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a yield of 8.24%. OneMain’s payout ratio is currently 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.