PNC Financial Services Group Inc. Boosts Position in OneMain Holdings, Inc. (NYSE:OMF)

PNC Financial Services Group Inc. increased its stake in OneMain Holdings, Inc. (NYSE:OMF) by 15.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,263 shares of the financial services provider’s stock after buying an additional 569 shares during the period. PNC Financial Services Group Inc.’s holdings in OneMain were worth $222,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in OMF. Quantinno Capital Management LP increased its position in OneMain by 0.7% during the 3rd quarter. Quantinno Capital Management LP now owns 27,732 shares of the financial services provider’s stock valued at $1,305,000 after purchasing an additional 204 shares during the period. Atria Wealth Solutions Inc. increased its position in OneMain by 5.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 4,724 shares of the financial services provider’s stock valued at $246,000 after purchasing an additional 231 shares during the period. Steward Partners Investment Advisory LLC increased its position in OneMain by 4.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,884 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 234 shares during the period. Avitas Wealth Management LLC increased its position in OneMain by 0.6% during the 4th quarter. Avitas Wealth Management LLC now owns 45,432 shares of the financial services provider’s stock valued at $2,368,000 after purchasing an additional 256 shares during the period. Finally, Arizona State Retirement System increased its position in OneMain by 0.8% during the 4th quarter. Arizona State Retirement System now owns 34,784 shares of the financial services provider’s stock valued at $1,813,000 after purchasing an additional 286 shares during the period. Hedge funds and other institutional investors own 85.82% of the company’s stock.

OneMain Trading Up 0.9 %

OMF opened at $50.48 on Friday. OneMain Holdings, Inc. has a 12-month low of $41.70 and a 12-month high of $58.90. The firm has a market capitalization of $6.03 billion, a PE ratio of 11.91, a P/E/G ratio of 0.44 and a beta of 1.62. The firm has a 50 day moving average of $53.51 and a two-hundred day moving average of $51.80.

OneMain Dividend Announcement

The firm also recently declared 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. This represents a $4.16 dividend on an annualized basis and a yield of 8.24%. The ex-dividend date was Wednesday, February 12th. OneMain’s dividend payout ratio is presently 98.11%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Barclays set a $56.00 price target on shares of OneMain in a report on Friday, March 14th. JPMorgan Chase & Co. lowered their price target on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. JMP Securities restated a “market outperform” rating and issued a $65.00 price target on shares of OneMain in a report on Monday, February 3rd. Finally, Royal Bank of Canada raised their price target on shares of OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, OneMain has an average rating of “Moderate Buy” and an average price target of $59.27.

Insiders Place Their Bets

In other news, SVP Michael A. Hedlund sold 2,808 shares of OneMain 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 completion of the transaction, the senior vice president now directly owns 15,831 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through the SEC website. 0.45% of the stock is currently owned by insiders.

OneMain 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.