Barclays PLC Grows Position in OneMain Holdings, Inc. (NYSE:OMF)

Barclays PLC raised its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 128.8% during the 4th quarter, Holdings Channel reports. The fund owned 230,717 shares of the financial services provider’s stock after purchasing an additional 129,886 shares during the period. Barclays PLC’s holdings in OneMain were worth $12,026,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OMF. Albion Financial Group UT purchased a new stake in OneMain during the fourth quarter valued at $26,000. FNY Investment Advisers LLC bought a new position in shares of OneMain in the 4th quarter valued at about $26,000. Legend Financial Advisors Inc. purchased a new position in OneMain in the fourth quarter worth about $26,000. IFP Advisors Inc increased its stake in OneMain by 180.0% during the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 495 shares during the last quarter. Finally, Richardson Financial Services Inc. purchased a new stake in OneMain during the fourth quarter valued at approximately $44,000. 85.82% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Michael A. Hedlund sold 2,808 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $56.09, for a total value of $157,500.72. Following the completion of the transaction, the senior vice president now owns 15,831 shares of the company’s stock, valued at $887,960.79. The trade was a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.45% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on OMF. Royal Bank of Canada boosted their target price on OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Northland Securities upgraded shares of OneMain from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 8th. 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 target on shares of OneMain in a research note on Monday, February 3rd. Finally, Stephens reissued an “overweight” rating and issued a $62.00 price objective on shares of OneMain in a research report on Monday, February 3rd. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, OneMain presently has an average rating of “Moderate Buy” and a consensus price target of $58.17.

OneMain Trading Down 1.6 %

Shares of OneMain stock opened at $43.69 on Tuesday. OneMain Holdings, Inc. has a 12 month low of $38.00 and a 12 month high of $58.90. The stock’s fifty day moving average price is $48.86 and its 200-day moving average price is $51.70. The firm has a market cap of $5.21 billion, a P/E ratio of 10.30, a P/E/G ratio of 0.44 and a beta of 1.35.

OneMain Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were given a $1.04 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $4.16 annualized dividend and a dividend yield of 9.52%. OneMain’s payout ratio is presently 98.11%.

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.