Arkadios Wealth Advisors Raises Stake in OneMain Holdings, Inc. (NYSE:OMF)

Arkadios Wealth Advisors raised its position in OneMain Holdings, Inc. (NYSE:OMF) by 9.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,927 shares of the financial services provider’s stock after purchasing an additional 439 shares during the period. Arkadios Wealth Advisors’ holdings in OneMain were worth $257,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quantinno Capital Management LP increased its holdings in shares of OneMain by 0.7% in the 3rd quarter. Quantinno Capital Management LP now owns 27,732 shares of the financial services provider’s stock valued at $1,305,000 after acquiring an additional 204 shares during the last quarter. UMB Bank n.a. boosted its holdings in OneMain by 13.9% in the third quarter. UMB Bank n.a. now owns 2,026 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 247 shares in the last quarter. Abich Financial Wealth Management LLC raised its holdings in OneMain by 27.4% during the second quarter. Abich Financial Wealth Management LLC now owns 1,227 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 264 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of OneMain by 13.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,276 shares of the financial services provider’s stock worth $110,000 after buying an additional 271 shares during the last quarter. Finally, OneDigital Investment Advisors LLC boosted its holdings in shares of 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. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

OMF has been the topic of several research analyst reports. Wells Fargo & Company lifted their price target on shares of OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Tuesday. JPMorgan Chase & Co. cut their target price on OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. StockNews.com cut OneMain from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $62.00 price target on shares of OneMain in a research report on Thursday, January 16th. Finally, Barclays downgraded OneMain from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $52.00 to $46.00 in a report on Tuesday, October 8th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, OneMain currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.69.

OneMain Stock Performance

OMF stock opened at $58.03 on Friday. The stock has a market capitalization of $6.93 billion, a PE ratio of 12.70, a price-to-earnings-growth ratio of 0.48 and a beta of 1.58. The company has a fifty day moving average of $54.52 and a 200-day moving average of $50.47. OneMain Holdings, Inc. has a one year low of $41.70 and a one year high of $58.22.

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were given a $1.04 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $4.16 dividend on an annualized basis and a yield of 7.17%. OneMain’s payout ratio is currently 91.03%.

Insider Buying and Selling at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 1,992 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total value of $103,584.00. Following the completion of the sale, the senior vice president now owns 18,955 shares of the company’s stock, valued at approximately $985,660. This trade represents a 9.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Micah R. Conrad sold 2,500 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total transaction of $130,000.00. Following the transaction, the chief operating officer now directly owns 102,239 shares in the company, valued at approximately $5,316,428. This trade represents a 2.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,492 shares of company stock valued at $1,582,384. 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.