Jones Financial Companies Lllp Boosts Stock Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Jones Financial Companies Lllp raised its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 73.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,924 shares of the financial services provider’s stock after acquiring an additional 816 shares during the period. Jones Financial Companies Lllp’s holdings in OneMain were worth $100,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Quantinno Capital Management LP boosted its position in OneMain by 0.7% during the third quarter. Quantinno Capital Management LP now owns 27,732 shares of the financial services provider’s stock valued at $1,305,000 after buying an additional 204 shares during the period. Atria Wealth Solutions Inc. raised its stake in shares of OneMain by 5.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 4,724 shares of the financial services provider’s stock valued at $246,000 after acquiring an additional 231 shares during the last quarter. Avitas Wealth Management LLC raised its stake in shares of OneMain by 0.6% during the fourth quarter. Avitas Wealth Management LLC now owns 45,432 shares of the financial services provider’s stock valued at $2,368,000 after acquiring an additional 256 shares during the last quarter. Allworth Financial LP raised its stake in shares of OneMain by 21.6% during the fourth quarter. Allworth Financial LP now owns 1,624 shares of the financial services provider’s stock valued at $93,000 after acquiring an additional 288 shares during the last quarter. Finally, OneDigital Investment Advisors LLC raised its stake in shares of OneMain by 4.8% during the third quarter. OneDigital Investment Advisors LLC now owns 6,666 shares of the financial services provider’s stock valued at $314,000 after acquiring an additional 304 shares during the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at OneMain

In other news, SVP Michael A. Hedlund sold 2,808 shares of the stock in a transaction that occurred 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 sale, the senior vice president now owns 15,831 shares in the company, valued at $887,960.79. This represents a 15.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.45% of the company’s stock.

OneMain Stock Performance

Shares of NYSE OMF opened at $48.68 on Monday. OneMain Holdings, Inc. has a fifty-two week low of $41.70 and a fifty-two week high of $58.90. The company has a 50 day simple moving average of $53.82 and a two-hundred day simple moving average of $51.81. The company has a market capitalization of $5.81 billion, a price-to-earnings ratio of 11.48, 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 paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.55%. The ex-dividend date was Wednesday, February 12th. OneMain’s dividend payout ratio is 98.11%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on OMF shares. Royal Bank of Canada upped 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. Wells Fargo & Company upped their price objective on shares of OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. StockNews.com raised shares of OneMain from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. JMP Securities reaffirmed a “market outperform” rating and set a $65.00 price objective on shares of OneMain in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. decreased their price target on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, OneMain presently has an average rating of “Moderate Buy” and an average target price of $58.36.

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.