Frank Rimerman Advisors LLC Purchases 1,905 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Frank Rimerman Advisors LLC boosted its position in OneMain Holdings, Inc. (NYSE:OMF) by 15.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,536 shares of the financial services provider’s stock after acquiring an additional 1,905 shares during the period. Frank Rimerman Advisors LLC’s holdings in OneMain were worth $758,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Legend Financial Advisors Inc. bought a new position in OneMain in the fourth quarter worth approximately $26,000. FNY Investment Advisers LLC purchased a new position in shares of OneMain during the fourth quarter valued at approximately $26,000. Albion Financial Group UT purchased a new position in shares of OneMain during the fourth quarter valued at approximately $26,000. Continuum Advisory LLC purchased a new position in shares of OneMain during the third quarter valued at approximately $28,000. Finally, IFP Advisors Inc boosted its position in shares of OneMain by 180.0% during the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider’s stock valued at $40,000 after buying an additional 495 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 business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $56.09, for a total transaction of $157,500.72. Following the completion of the transaction, the senior vice president now directly owns 15,831 shares in the company, valued at $887,960.79. The trade was a 15.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.45% of the stock is owned by company insiders.

OneMain Stock Performance

NYSE:OMF opened at $48.68 on Friday. OneMain Holdings, Inc. has a 52-week low of $41.70 and a 52-week high of $58.90. The firm has a market cap of $5.81 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 0.44 and a beta of 1.62. The business’s fifty day moving average is $53.82 and its 200 day moving average is $51.79.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors 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 8.55%. The ex-dividend date was Wednesday, February 12th. OneMain’s payout ratio is 98.11%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. StockNews.com raised OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. 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. Royal Bank of Canada lifted their target price on OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Stephens reiterated an “overweight” rating and set a $62.00 price target on shares of OneMain in a report on Monday, February 3rd. Finally, Wells Fargo & Company lifted their price target on OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.