Capital International Investors Acquires 211,745 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Capital International Investors increased its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,238,425 shares of the financial services provider’s stock after purchasing an additional 211,745 shares during the period. Capital International Investors owned 0.09% of OneMain worth $533,729,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in OneMain by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 11,889,113 shares of the financial services provider’s stock valued at $619,779,000 after acquiring an additional 40,042 shares during the last quarter. FMR LLC boosted its stake in OneMain by 14.3% during the fourth quarter. FMR LLC now owns 10,835,668 shares of the financial services provider’s stock valued at $564,863,000 after buying an additional 1,352,604 shares during the last quarter. Clearbridge Investments LLC increased its stake in OneMain by 54.1% in the 4th quarter. Clearbridge Investments LLC now owns 2,885,961 shares of the financial services provider’s stock worth $150,445,000 after acquiring an additional 1,013,312 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of OneMain by 395.9% during the 4th quarter. Wellington Management Group LLP now owns 2,249,762 shares of the financial services provider’s stock worth $117,280,000 after acquiring an additional 1,796,054 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of OneMain in the fourth quarter valued at $72,936,000. 85.82% of the stock is owned by hedge funds and other 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. Company insiders own 0.45% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on OMF shares. Wells Fargo & Company lifted their price objective on shares of OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. Stephens reiterated an “overweight” rating and issued a $62.00 target price on shares of OneMain in a report on Monday, February 3rd. JMP Securities reaffirmed a “market outperform” rating and set a $65.00 price objective on shares of OneMain in a research note on Monday, February 3rd. Barclays set a $56.00 target price on shares of OneMain in a report on Friday, March 14th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of OneMain from $58.00 to $46.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, OneMain presently has an average rating of “Moderate Buy” and an average price target of $58.17.

OneMain Stock Up 0.6 %

Shares of NYSE OMF opened at $44.38 on Friday. OneMain Holdings, Inc. has a twelve month low of $38.00 and a twelve month high of $58.90. The business has a fifty day simple moving average of $49.33 and a two-hundred day simple moving average of $51.64. The firm has a market cap of $5.29 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 0.44 and a beta of 1.35.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th were given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 9.37%. The ex-dividend date of this dividend was Wednesday, February 12th. OneMain’s dividend payout ratio (DPR) is 98.11%.

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.