OneMain Holdings, Inc. (NYSE:OMF) Shares Purchased by Parallel Advisors LLC

Parallel Advisors LLC raised its stake in OneMain Holdings, Inc. (NYSE:OMF) by 11.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,779 shares of the financial services provider’s stock after acquiring an additional 822 shares during the period. Parallel Advisors LLC’s holdings in OneMain were worth $406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. State Street Corp boosted its position in shares of 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 purchasing an additional 16,615 shares during the period. Geode Capital Management LLC grew its position in shares of OneMain by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,139,793 shares of the financial services provider’s stock worth $100,935,000 after acquiring an additional 13,978 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of OneMain by 2.2% in the 3rd 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 acquiring an additional 30,558 shares during the period. Basswood Capital Management L.L.C. raised its position in OneMain by 12.3% in the 3rd quarter. Basswood Capital Management L.L.C. now owns 1,030,423 shares of the financial services provider’s stock valued at $48,502,000 after purchasing an additional 113,018 shares during the last quarter. Finally, Argent Capital Management LLC boosted its stake in OneMain by 2.3% during the 4th quarter. Argent Capital Management LLC now owns 827,710 shares of the financial services provider’s stock worth $43,149,000 after purchasing an additional 18,534 shares during the period. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on OMF. Royal Bank of Canada lifted their price objective on shares of 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 price objective on OneMain in a research report on Friday, March 14th. JMP Securities reissued a “market outperform” rating and issued a $65.00 target price on shares of OneMain in a report on Monday, February 3rd. Stephens reaffirmed an “overweight” rating and set a $62.00 price target on shares of OneMain in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $59.27.

OneMain Stock Performance

Shares of NYSE OMF opened at $50.48 on Friday. OneMain Holdings, Inc. has a one year low of $41.70 and a one year high of $58.90. The firm has a market capitalization of $6.03 billion, a P/E ratio of 11.91, a PEG ratio of 0.44 and a beta of 1.62. The company’s fifty day moving average is $53.51 and its two-hundred day moving average is $51.78.

OneMain Announces Dividend

The business 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. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $4.16 annualized dividend and a yield of 8.24%. OneMain’s payout ratio is currently 98.11%.

Insiders Place Their Bets

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $56.09, for a total transaction of $157,500.72. Following the sale, the senior vice president now directly owns 15,831 shares in the company, valued at approximately $887,960.79. The trade was a 15.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.