Stephens Inc. AR Boosts Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Stephens Inc. AR boosted its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 2.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 21,481 shares of the financial services provider’s stock after purchasing an additional 461 shares during the period. Stephens Inc. AR’s holdings in OneMain were worth $1,120,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Quantinno Capital Management LP grew its holdings in OneMain by 0.7% during the third quarter. Quantinno Capital Management LP now owns 27,732 shares of the financial services provider’s stock worth $1,305,000 after acquiring an additional 204 shares during the period. Avitas Wealth Management LLC boosted its position in OneMain by 0.6% in the 4th quarter. Avitas Wealth Management LLC now owns 45,432 shares of the financial services provider’s stock worth $2,368,000 after purchasing an additional 256 shares in the last quarter. OneDigital Investment Advisors LLC grew its stake in shares of OneMain by 4.8% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 6,666 shares of the financial services provider’s stock worth $314,000 after purchasing an additional 304 shares during the period. Peak Financial Advisors LLC increased its holdings in shares of OneMain by 3.3% during the 4th quarter. Peak Financial Advisors LLC now owns 9,588 shares of the financial services provider’s stock valued at $500,000 after purchasing an additional 310 shares in the last quarter. Finally, Covestor Ltd lifted its stake in shares of OneMain by 10.8% in the 3rd quarter. Covestor Ltd now owns 3,188 shares of the financial services provider’s stock valued at $150,000 after purchasing an additional 311 shares during the period. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on OMF shares. Wells Fargo & Company raised their price target 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. StockNews.com upgraded OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. reduced their price target on OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Stephens reissued an “overweight” rating and issued a $62.00 price objective on shares of OneMain in a report on Monday, February 3rd. Finally, Compass Point boosted their price objective on OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $58.36.

OneMain Stock Performance

Shares of OMF stock opened at $54.78 on Thursday. OneMain Holdings, Inc. has a fifty-two week low of $41.70 and a fifty-two week high of $58.90. The stock’s fifty day moving average is $54.59 and its two-hundred day moving average is $51.08. The firm has a market capitalization of $6.54 billion, a P/E ratio of 12.92, a PEG ratio of 0.45 and a beta of 1.59.

OneMain Dividend Announcement

The firm also recently declared 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 7.59%. The ex-dividend date is Wednesday, February 12th. OneMain’s dividend payout ratio is currently 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.