HighTower Advisors LLC Purchases 5,217 Shares of OneMain Holdings, Inc. (NYSE:OMF)

HighTower Advisors LLC raised its position in OneMain Holdings, Inc. (NYSE:OMF) by 41.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,775 shares of the financial services provider’s stock after buying an additional 5,217 shares during the quarter. HighTower Advisors LLC’s holdings in OneMain were worth $927,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in OMF. State Street Corp increased its holdings in OneMain by 0.8% during the 3rd quarter. State Street Corp now owns 2,140,861 shares of the financial services provider’s stock worth $100,770,000 after acquiring an additional 16,615 shares during the period. Geode Capital Management LLC grew its position in shares of OneMain by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,139,793 shares of the financial services provider’s stock valued at $100,935,000 after purchasing an additional 13,978 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of OneMain by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,412,436 shares of the financial services provider’s stock worth $66,483,000 after purchasing an additional 30,558 shares during the period. Basswood Capital Management L.L.C. raised its position in shares of OneMain by 12.3% in the third quarter. Basswood Capital Management L.L.C. now owns 1,030,423 shares of the financial services provider’s stock worth $48,502,000 after buying an additional 113,018 shares in the last quarter. Finally, Argent Capital Management LLC boosted its stake in OneMain by 2.3% during the fourth quarter. Argent Capital Management LLC now owns 827,710 shares of the financial services provider’s stock valued at $43,149,000 after buying an additional 18,534 shares during the period. Hedge funds and other institutional investors own 85.82% of the company’s stock.

OneMain Trading Down 1.3 %

OMF opened at $50.46 on Friday. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 0.44 and a beta of 1.62. OneMain Holdings, Inc. has a 12 month low of $41.70 and a 12 month high of $58.90. The stock has a fifty day moving average price of $53.33 and a 200-day moving average price of $51.90.

OneMain Announces Dividend

The company 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. 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 dividend payout ratio is currently 98.11%.

Insiders Place Their Bets

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of the firm’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 value of $157,500.72. Following the sale, the senior vice president now directly owns 15,831 shares of the company’s stock, valued at approximately $887,960.79. This trade represents a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.45% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Royal Bank of Canada increased their target price on OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Barclays set a $56.00 price target on OneMain in a research note on Friday, March 14th. Finally, JMP Securities reiterated a “market outperform” rating and set a $65.00 price objective on shares of OneMain in a research report on Monday, February 3rd. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $59.17.

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.