Mirae Asset Global Investments Co. Ltd. Purchases 1,665 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 7.3% during the 4th quarter, HoldingsChannel reports. The firm owned 24,410 shares of the financial services provider’s stock after acquiring an additional 1,665 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in OneMain were worth $1,275,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of OneMain by 0.8% during the third quarter. State Street Corp now owns 2,140,861 shares of the financial services provider’s stock valued at $100,770,000 after purchasing an additional 16,615 shares during the last quarter. Geode Capital Management LLC raised its stake in OneMain by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,139,793 shares of the financial services provider’s stock valued at $100,935,000 after buying an additional 13,978 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in 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 acquiring an additional 30,558 shares in the last quarter. Basswood Capital Management L.L.C. grew its stake 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 acquiring an additional 113,018 shares during the last quarter. Finally, Argent Capital Management LLC increased its holdings in shares of 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 acquiring an additional 18,534 shares in the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

OneMain Stock Performance

Shares of NYSE:OMF opened at $56.76 on Wednesday. OneMain Holdings, Inc. has a 52-week low of $41.70 and a 52-week high of $58.90. The stock has a market capitalization of $6.77 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 0.45 and a beta of 1.59. The stock’s 50-day simple moving average is $54.64 and its two-hundred day simple moving average is $51.06.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th will be issued a dividend of $1.04 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a yield of 7.33%. OneMain’s dividend payout ratio is currently 98.11%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Royal Bank of Canada increased their price objective on shares of OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Compass Point increased their price target on shares of OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. decreased their price objective on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. JMP Securities reiterated a “market outperform” rating and set a $65.00 target price on shares of OneMain in a research note on Monday, February 3rd. Finally, Wells Fargo & Company boosted their price target on OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research note 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 company’s stock. According to MarketBeat.com, OneMain currently has a consensus rating of “Moderate Buy” and an average price target of $58.36.

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.