5,641 Shares in OneMain Holdings, Inc. (NYSE:OMF) Purchased by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. bought a new position in OneMain Holdings, Inc. (NYSE:OMF) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,641 shares of the financial services provider’s stock, valued at approximately $294,000.

Several other large investors also recently added to or reduced their stakes in the stock. Janus Henderson Group PLC lifted its position in shares of OneMain by 69.0% in the 3rd quarter. Janus Henderson Group PLC now owns 772,864 shares of the financial services provider’s stock worth $36,377,000 after purchasing an additional 315,640 shares during the period. Basswood Capital Management L.L.C. grew its stake in shares of OneMain by 12.3% during 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. Principal Financial Group Inc. grew its stake in OneMain by 12.1% during the 3rd quarter. Principal Financial Group Inc. now owns 805,256 shares of the financial services provider’s stock valued at $37,903,000 after purchasing an additional 87,084 shares during the last quarter. Channing Capital Management LLC purchased a new position in shares of OneMain during the fourth quarter worth $4,030,000. Finally, Prescott Group Capital Management L.L.C. raised its position in OneMain by 86.4% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 151,000 shares of the financial services provider’s stock valued at $7,872,000 after acquiring an additional 70,000 shares in the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Barclays set a $56.00 target price on shares of OneMain in a research report on Friday, March 14th. Royal Bank of Canada boosted their target price on shares of OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Stephens reaffirmed an “overweight” rating and set a $62.00 price objective on shares of OneMain in a research note on Monday, February 3rd. Finally, StockNews.com raised shares of OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, OneMain currently has an average rating of “Moderate Buy” and an average price target of $59.17.

OneMain Trading Down 2.5 %

NYSE:OMF opened at $51.57 on Wednesday. The stock has a fifty day moving average price of $53.48 and a 200 day moving average price of $51.91. The firm has a market cap of $6.16 billion, a PE ratio of 12.16, a price-to-earnings-growth 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.

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were issued a $1.04 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.07%. OneMain’s payout ratio is 98.11%.

Insider Transactions at OneMain

In related news, SVP Michael A. Hedlund sold 2,808 shares of the stock in a transaction 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 transaction, the senior vice president now directly owns 15,831 shares of the company’s stock, valued at $887,960.79. This trade represents a 15.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.45% of the company’s stock.

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.