Steward Partners Investment Advisory LLC Purchases 234 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Steward Partners Investment Advisory LLC increased its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 4.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,884 shares of the financial services provider’s stock after purchasing an additional 234 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in OneMain were worth $307,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Legend Financial Advisors Inc. acquired a new stake in OneMain during the fourth quarter worth about $26,000. FNY Investment Advisers LLC acquired a new stake in OneMain during the fourth quarter valued at approximately $26,000. Albion Financial Group UT acquired a new stake in OneMain during the fourth quarter valued at approximately $26,000. Continuum Advisory LLC acquired a new stake in OneMain during the third quarter valued at approximately $28,000. Finally, IFP Advisors Inc boosted its holdings in 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 purchasing an additional 495 shares in the last quarter. 85.82% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of OneMain stock in a transaction on Friday, February 21st. The shares were sold at an average price of $56.09, for a total transaction of $157,500.72. Following the completion of the sale, the senior vice president now owns 15,831 shares of the company’s stock, valued at approximately $887,960.79. The trade was a 15.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. 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 report on Monday, February 3rd. JMP Securities reaffirmed a “market outperform” rating and set a $65.00 price objective on shares of OneMain in a report on Monday, February 3rd. Stephens reaffirmed an “overweight” rating and set a $62.00 price objective on shares of OneMain in a report on Monday, February 3rd. StockNews.com raised OneMain from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Finally, Wells Fargo & Company lifted their price objective on OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $58.36.

OneMain Stock Performance

OMF opened at $45.33 on Friday. The company has a fifty day moving average price of $54.04 and a two-hundred day moving average price of $51.82. 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 $5.41 billion, a PE ratio of 10.69, a P/E/G ratio of 0.44 and a beta of 1.62.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th were issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 9.18%. The ex-dividend date was Wednesday, February 12th. OneMain’s dividend payout ratio is presently 98.11%.

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.