PDS Planning Inc Makes New Investment in OneMain Holdings, Inc. (NYSE:OMF)

PDS Planning Inc acquired a new stake in OneMain Holdings, Inc. (NYSE:OMF) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,294 shares of the financial services provider’s stock, valued at approximately $224,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp grew its holdings in OneMain by 0.8% in the 3rd quarter. State Street Corp now owns 2,140,861 shares of the financial services provider’s stock valued at $100,770,000 after buying an additional 16,615 shares during the period. Geode Capital Management LLC grew its holdings in OneMain by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,139,793 shares of the financial services provider’s stock valued at $100,935,000 after purchasing an additional 13,978 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in OneMain by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,412,436 shares of the financial services provider’s stock valued at $66,483,000 after purchasing an additional 30,558 shares during the period. Basswood Capital Management L.L.C. raised its stake in OneMain by 12.3% during 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 period. Finally, William Blair Investment Management LLC purchased a new position in OneMain during the fourth quarter worth approximately $46,195,000. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on OMF. Wells Fargo & Company upped their price objective on OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. JMP Securities restated a “market outperform” rating and set a $65.00 price target on shares of OneMain in a research note on Monday, February 3rd. Royal Bank of Canada lifted their price objective on OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Barclays set a $56.00 target price on shares of OneMain in a research report on Friday, March 14th. Finally, StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. Five equities research analysts have rated the stock with a hold rating and eight have assigned 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 $59.27.

OneMain Price Performance

OneMain stock opened at $49.80 on Thursday. OneMain Holdings, Inc. has a 12-month low of $41.70 and a 12-month high of $58.90. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of 11.75, a price-to-earnings-growth ratio of 0.44 and a beta of 1.62. The firm’s fifty day moving average price is $53.58 and its 200 day moving average price is $51.78.

OneMain Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 8.35%. The ex-dividend date of this dividend was Wednesday, February 12th. OneMain’s dividend payout ratio (DPR) is 98.11%.

Insider Activity at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $56.09, for a total value 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.45% of the stock is currently owned by company insiders.

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.