Avitas Wealth Management LLC Purchases 256 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Avitas Wealth Management LLC grew its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 0.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 45,432 shares of the financial services provider’s stock after acquiring an additional 256 shares during the quarter. Avitas Wealth Management LLC’s holdings in OneMain were worth $2,368,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Legend Financial Advisors Inc. bought a new position in OneMain during the fourth quarter valued at $26,000. FNY Investment Advisers LLC purchased a new stake in shares of OneMain during the 4th quarter valued at about $26,000. Albion Financial Group UT bought a new position in shares of OneMain in the 4th quarter valued at about $26,000. Continuum Advisory LLC purchased a new position in OneMain in the third quarter worth about $28,000. Finally, Richardson Financial Services Inc. bought a new stake in OneMain during the fourth quarter worth approximately $44,000. 85.82% of the stock is owned by hedge funds and other institutional investors.

OneMain Stock Performance

Shares of NYSE OMF opened at $54.92 on Wednesday. OneMain Holdings, Inc. has a 52-week low of $41.70 and a 52-week high of $58.90. The firm has a market capitalization of $6.55 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 0.48 and a beta of 1.59. The stock has a 50 day moving average price of $54.70 and a 200 day moving average price of $50.90.

OneMain Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th will be issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 7.58%. The ex-dividend date is Wednesday, February 12th. OneMain’s dividend payout ratio is 98.11%.

Analysts Set New Price Targets

A number of brokerages have recently commented on OMF. JMP Securities reiterated a “market outperform” rating and issued a $65.00 target price on shares of OneMain in a report on Monday. Compass Point lifted their price objective on shares of OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. reduced their target price on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Wells Fargo & Company lifted their price target on shares of OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. Finally, StockNews.com raised shares of OneMain from a “hold” rating to a “buy” rating in a research report on Monday. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $57.15.

Insider Transactions at OneMain

In other news, CEO Douglas H. Shulman sold 20,000 shares of the company’s 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 sale, the chief executive officer now owns 392,474 shares of the company’s stock, valued at approximately $21,268,166.06. This represents a 4.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.45% of the company’s stock.

OneMain Company 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.