Foundations Investment Advisors LLC Raises Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Foundations Investment Advisors LLC boosted its stake in OneMain Holdings, Inc. (NYSE:OMF) by 7.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,761 shares of the financial services provider’s stock after buying an additional 320 shares during the quarter. Foundations Investment Advisors LLC’s holdings in OneMain were worth $248,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. KBC Group NV lifted its position in shares of OneMain by 44.2% in the fourth quarter. KBC Group NV now owns 5,114 shares of the financial services provider’s stock valued at $267,000 after acquiring an additional 1,568 shares in the last quarter. Blue Trust Inc. lifted its holdings in OneMain by 95.2% in the 4th quarter. Blue Trust Inc. now owns 2,380 shares of the financial services provider’s stock valued at $124,000 after purchasing an additional 1,161 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of OneMain by 6.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 275,013 shares of the financial services provider’s stock worth $14,336,000 after purchasing an additional 15,778 shares during the last quarter. Albion Financial Group UT acquired a new position in shares of OneMain in the fourth quarter valued at approximately $26,000. Finally, Nisa Investment Advisors LLC raised its position in shares of OneMain by 25.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,900 shares of the financial services provider’s stock valued at $308,000 after buying an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Douglas H. Shulman sold 20,000 shares of OneMain stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $54.19, for a total transaction of $1,083,800.00. Following the sale, the chief executive officer now directly owns 392,474 shares of the company’s stock, valued at approximately $21,268,166.06. The trade was a 4.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.45% of the stock is currently owned by company insiders.

OneMain Trading Down 3.2 %

NYSE OMF opened at $55.53 on Friday. The company’s fifty day simple moving average is $54.80 and its 200-day simple moving average is $50.88. The stock has a market cap of $6.63 billion, a P/E ratio of 12.15, a PEG ratio of 0.50 and a beta of 1.58. OneMain Holdings, Inc. has a 52 week low of $41.70 and a 52 week high of $58.90.

Analysts Set New Price Targets

Several analysts have commented on the stock. StockNews.com cut shares of OneMain from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Stephens started coverage on OneMain in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $62.00 target price for the company. JMP Securities raised their price target on OneMain from $60.00 to $62.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 31st. Barclays downgraded shares of OneMain from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $52.00 to $46.00 in a research note on Tuesday, October 8th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $62.00 target price on shares of OneMain in a research report on Thursday, January 16th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.69.

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.