4,126 Shares in OneMain Holdings, Inc. (NYSE:OMF) Bought by Truist Financial Corp

Truist Financial Corp purchased a new position in OneMain Holdings, Inc. (NYSE:OMF) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,126 shares of the financial services provider’s stock, valued at approximately $215,000.

Several other large investors also recently bought and sold shares of OMF. Janus Henderson Group PLC increased its position in OneMain by 69.0% in the third quarter. Janus Henderson Group PLC now owns 772,864 shares of the financial services provider’s stock worth $36,377,000 after purchasing an additional 315,640 shares during the last quarter. Basswood Capital Management L.L.C. increased its position in OneMain by 12.3% in the third quarter. Basswood Capital Management L.L.C. now owns 1,030,423 shares of the financial services provider’s stock worth $48,502,000 after purchasing an additional 113,018 shares during the last quarter. Principal Financial Group Inc. increased its position in OneMain by 12.1% in the third quarter. Principal Financial Group Inc. now owns 805,256 shares of the financial services provider’s stock worth $37,903,000 after purchasing an additional 87,084 shares during the last quarter. Quantbot Technologies LP bought a new stake in OneMain in the third quarter worth $2,565,000. Finally, Wellington Management Group LLP increased its position in OneMain by 12.0% in the third quarter. Wellington Management Group LLP now owns 453,708 shares of the financial services provider’s stock worth $21,356,000 after purchasing an additional 48,790 shares during 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 dated 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 sale, the senior vice president now directly owns 15,831 shares of the company’s stock, valued at $887,960.79. This represents a 15.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.45% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Stephens reiterated an “overweight” rating and set a $62.00 price objective on shares of OneMain in a research report on Monday, February 3rd. Royal Bank of Canada boosted their price objective on shares of OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. cut their price objective 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. JMP Securities reiterated a “market outperform” rating and set a $65.00 price objective on shares of OneMain in a research report on Monday, February 3rd. Finally, StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.36.

OneMain Trading Down 1.7 %

Shares of OMF opened at $49.38 on Friday. The firm has a market capitalization of $5.89 billion, a P/E ratio of 11.65, a P/E/G ratio of 0.44 and a beta of 1.62. OneMain Holdings, Inc. has a 12-month low of $41.70 and a 12-month high of $58.90. The firm has a fifty day moving average price of $54.54 and a 200-day moving average price of $51.82.

OneMain Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Wednesday, February 12th were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 8.42%. The ex-dividend date of this dividend was Wednesday, February 12th. 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.