Commonwealth Equity Services LLC Has $469,000 Stake in OneMain Holdings, Inc. (NYSE:OMF)

Commonwealth Equity Services LLC reduced its stake in OneMain Holdings, Inc. (NYSE:OMF) by 14.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 8,992 shares of the financial services provider’s stock after selling 1,567 shares during the quarter. Commonwealth Equity Services LLC’s holdings in OneMain were worth $469,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Impact Capital Partners LLC bought a new position in shares of OneMain in the fourth quarter valued at approximately $2,301,000. Swiss National Bank lifted its position in OneMain by 0.6% during the 4th quarter. Swiss National Bank now owns 235,500 shares of the financial services provider’s stock worth $12,277,000 after acquiring an additional 1,500 shares during the last quarter. Avantax Advisory Services Inc. acquired a new position in OneMain during the 4th quarter worth $294,000. HighTower Advisors LLC boosted its holdings in OneMain by 41.5% during the fourth quarter. HighTower Advisors LLC now owns 17,775 shares of the financial services provider’s stock valued at $927,000 after acquiring an additional 5,217 shares during the period. Finally, AGF Management Ltd. acquired a new stake in shares of OneMain in the fourth quarter valued at about $265,000. Institutional investors own 85.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on OMF. Wells Fargo & Company boosted their price objective on OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. StockNews.com upgraded OneMain from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Royal Bank of Canada raised their price objective on shares of OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Evercore ISI began coverage on shares of OneMain in a research note on Tuesday, March 25th. They set an “in-line” rating and a $58.00 target price for the company. Finally, JPMorgan Chase & Co. decreased their price target on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $59.17.

OneMain Stock Down 8.4 %

NYSE OMF opened at $40.99 on Friday. OneMain Holdings, Inc. has a twelve month low of $39.55 and a twelve month high of $58.90. The stock has a market cap of $4.89 billion, a P/E ratio of 9.67, a PEG ratio of 0.44 and a beta of 1.35. The company’s 50-day simple moving average is $52.22 and its 200 day simple moving average is $52.02.

OneMain Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were issued a $1.04 dividend. 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 10.15%. OneMain’s payout ratio is presently 98.11%.

Insider Buying and Selling

In related 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 completion of the sale, the senior vice president now owns 15,831 shares in the company, valued at $887,960.79. This trade represents a 15.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.45% of the stock is owned by corporate insiders.

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.