OneMain Holdings, Inc. (NYSE:OMF) Stock Holdings Boosted by Barnett & Company Inc.

Barnett & Company Inc. grew its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 1.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 127,523 shares of the financial services provider’s stock after buying an additional 1,700 shares during the period. OneMain accounts for approximately 4.4% of Barnett & Company Inc.’s holdings, making the stock its 5th biggest holding. Barnett & Company Inc. owned approximately 0.11% of OneMain worth $6,648,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Ieq Capital LLC purchased a new position in shares of OneMain in the 4th quarter valued at $896,000. PNC Financial Services Group Inc. lifted its stake in shares of OneMain by 15.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,263 shares of the financial services provider’s stock worth $222,000 after purchasing an additional 569 shares in the last quarter. IFP Advisors Inc grew its stake in shares of OneMain by 180.0% in 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 in the last quarter. TCW Group Inc. lifted its position in OneMain by 23.7% during the 3rd quarter. TCW Group Inc. now owns 55,999 shares of the financial services provider’s stock worth $2,636,000 after acquiring an additional 10,744 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its stake in shares of OneMain by 143.4% during the third quarter. Sanctuary Advisors LLC now owns 17,405 shares of the financial services provider’s stock valued at $819,000 after purchasing an additional 10,253 shares during the period. 85.82% of the stock is currently owned by institutional investors and hedge funds.

OneMain Stock Performance

OneMain stock opened at $50.48 on Monday. OneMain Holdings, Inc. has a 1 year low of $41.70 and a 1 year high of $58.90. The firm’s 50-day moving average is $53.51 and its 200-day moving average is $51.83. The company has a market cap of $6.03 billion, a P/E ratio of 11.91, a PEG ratio of 0.44 and a beta of 1.62.

OneMain Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th were paid a $1.04 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a yield of 8.24%. OneMain’s payout ratio is currently 98.11%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on OMF shares. Royal Bank of Canada lifted their price target on shares of OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. StockNews.com upgraded OneMain from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. Stephens restated an “overweight” rating and set a $62.00 price objective on shares of OneMain in a research note on Monday, February 3rd. Barclays set a $56.00 target price on OneMain in a research report on Friday, March 14th. Finally, JMP Securities restated a “market outperform” rating and issued a $65.00 price target on shares of OneMain in a research note on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, OneMain presently has a consensus rating of “Moderate Buy” and an average target price of $59.27.

Insider Activity

In related news, SVP Michael A. Hedlund sold 2,808 shares of the business’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 transaction of $157,500.72. Following the completion of the transaction, the senior vice president now owns 15,831 shares in the company, valued at $887,960.79. The trade was a 15.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.