OneMain Holdings, Inc. (NYSE:OMF) Shares Acquired by Parallel Advisors LLC

Parallel Advisors LLC increased its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 11.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,779 shares of the financial services provider’s stock after acquiring an additional 822 shares during the quarter. Parallel Advisors LLC’s holdings in OneMain were worth $406,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Ieq Capital LLC purchased a new stake in shares of OneMain in the 4th quarter valued at approximately $896,000. IFP Advisors Inc lifted its holdings in OneMain by 180.0% in the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 495 shares during the last quarter. TCW Group Inc. grew its position in OneMain by 23.7% in the third quarter. TCW Group Inc. now owns 55,999 shares of the financial services provider’s stock worth $2,636,000 after acquiring an additional 10,744 shares during the period. Empowered Funds LLC increased its stake in OneMain by 38.1% during the third quarter. Empowered Funds LLC now owns 33,888 shares of the financial services provider’s stock worth $1,595,000 after acquiring an additional 9,349 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its position in OneMain by 143.4% in the third quarter. Sanctuary Advisors LLC now owns 17,405 shares of the financial services provider’s stock valued at $819,000 after purchasing an additional 10,253 shares during the period. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. JMP Securities reissued a “market outperform” rating and set a $65.00 price objective on shares of OneMain in a research report on Monday, February 3rd. Wells Fargo & Company lifted their price target on shares of OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. Barclays set a $56.00 price objective on shares of OneMain in a report on Friday, March 14th. 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 report on Tuesday, January 14th. Finally, Royal Bank of Canada upped their price target on OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, OneMain presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.27.

Insiders Place Their Bets

In other news, SVP Michael A. Hedlund sold 2,808 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $56.09, for a total transaction of $157,500.72. Following the completion of the transaction, the senior vice president now directly owns 15,831 shares of the company’s stock, valued at approximately $887,960.79. This represents a 15.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.45% of the stock is currently owned by company insiders.

OneMain Price Performance

Shares of NYSE OMF opened at $50.48 on Friday. The stock’s 50-day moving average is $53.51 and its two-hundred day moving average is $51.78. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 11.91, a price-to-earnings-growth ratio of 0.44 and a beta of 1.62. OneMain Holdings, Inc. has a 1-year low of $41.70 and a 1-year high of $58.90.

OneMain Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Wednesday, February 12th were paid a $1.04 dividend. 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%.

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.