Richardson Financial Services Inc. Acquires New Stake in OneMain Holdings, Inc. (NYSE:OMF)

Richardson Financial Services Inc. bought a new position in shares of OneMain Holdings, Inc. (NYSE:OMF) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 835 shares of the financial services provider’s stock, valued at approximately $44,000.

A number of other large investors have also modified their holdings of OMF. TCW Group Inc. boosted its stake in OneMain by 23.7% during the third quarter. TCW Group Inc. now owns 55,999 shares of the financial services provider’s stock worth $2,636,000 after buying an additional 10,744 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted 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 valued at $110,000 after acquiring an additional 271 shares during the last quarter. Quest Partners LLC grew its holdings in shares of OneMain by 430.4% in the third quarter. Quest Partners LLC now owns 38,622 shares of the financial services provider’s stock valued at $1,818,000 after purchasing an additional 31,341 shares during the period. Empowered Funds LLC increased its position in OneMain by 38.1% during 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 last quarter. Finally, Sanctuary Advisors LLC raised its stake in OneMain by 143.4% during 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. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on OMF. Compass Point increased their price target on shares of OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. StockNews.com downgraded OneMain from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Barclays cut OneMain from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $52.00 to $46.00 in a report on Tuesday, October 8th. Wells Fargo & Company upped their target price on shares of OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. dropped their price target on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, OneMain has a consensus rating of “Moderate Buy” and a consensus target price of $56.69.

Insider Transactions at OneMain

In related news, CEO Douglas H. Shulman sold 20,000 shares of OneMain stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $54.19, for a total value of $1,083,800.00. Following the completion of the transaction, the chief executive officer now owns 392,474 shares in the company, valued at $21,268,166.06. The trade was a 4.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.45% of the company’s stock.

OneMain Trading Down 3.2 %

Shares of NYSE OMF opened at $55.53 on Monday. The stock has a market cap of $6.63 billion, a P/E ratio of 12.15, a PEG ratio of 0.50 and a beta of 1.58. The business’s fifty day simple moving average is $54.80 and its 200-day simple moving average is $50.85. OneMain Holdings, Inc. has a 12-month low of $41.70 and a 12-month high of $58.90.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th will be paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 7.49%. The ex-dividend date is Wednesday, February 12th. OneMain’s payout ratio is presently 98.11%.

OneMain Profile

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.