OneMain Holdings, Inc. (NYSE:OMF) Position Boosted by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC increased its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 4.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,884 shares of the financial services provider’s stock after buying an additional 234 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in OneMain were worth $307,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in OMF. Ieq Capital LLC acquired a new stake in OneMain in the fourth quarter worth approximately $896,000. TCW Group Inc. lifted its position in OneMain by 23.7% in the third quarter. TCW Group Inc. now owns 55,999 shares of the financial services provider’s stock worth $2,636,000 after purchasing an additional 10,744 shares during the period. IFP Advisors Inc lifted its position in OneMain by 180.0% in the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 495 shares during the period. Quest Partners LLC lifted its position in OneMain by 430.4% in the third quarter. Quest Partners LLC now owns 38,622 shares of the financial services provider’s stock worth $1,818,000 after purchasing an additional 31,341 shares during the period. Finally, Empowered Funds LLC lifted its position in OneMain by 38.1% in the third quarter. Empowered Funds LLC now owns 33,888 shares of the financial services provider’s stock worth $1,595,000 after purchasing an additional 9,349 shares during the period. 85.82% of the stock is owned by institutional investors.

OneMain Trading Down 2.0 %

NYSE OMF opened at $45.33 on Friday. OneMain Holdings, Inc. has a 1-year low of $41.70 and a 1-year high of $58.90. The company has a market capitalization of $5.41 billion, a PE ratio of 10.69, a price-to-earnings-growth ratio of 0.44 and a beta of 1.62. The firm’s fifty day simple moving average is $54.04 and its 200-day simple moving average is $51.82.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th were given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 9.18%. The ex-dividend date was Wednesday, February 12th. OneMain’s payout ratio is 98.11%.

Insiders Place Their Bets

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of the stock in a transaction on 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 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 filing with the SEC, which is available through the SEC website. Company insiders own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on OMF. JPMorgan Chase & Co. cut their target price on OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Stephens reiterated an “overweight” rating and set a $62.00 price objective on shares of OneMain in a research report on Monday, February 3rd. Wells Fargo & Company increased their price objective on OneMain from $52.00 to $57.00 and gave the company 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 research report on Wednesday, February 12th. Finally, 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. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.36.

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.