Robertson Stephens Wealth Management LLC Acquires 3,630 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Robertson Stephens Wealth Management LLC boosted its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 12.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 32,081 shares of the financial services provider’s stock after buying an additional 3,630 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in OneMain were worth $1,672,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in OMF. Legend Financial Advisors Inc. bought a new position in shares of OneMain during the 4th quarter valued at $26,000. FNY Investment Advisers LLC purchased a new stake in shares of OneMain in the 4th quarter worth $26,000. Albion Financial Group UT purchased a new stake in shares of OneMain in the 4th quarter worth $26,000. Continuum Advisory LLC purchased a new stake in shares of OneMain in the 3rd quarter worth $28,000. Finally, Richardson Financial Services Inc. purchased a new stake in shares of OneMain in the 4th quarter worth $44,000. 85.82% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Douglas H. Shulman sold 20,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $54.19, for a total transaction of $1,083,800.00. Following the completion of the sale, the chief executive officer now owns 392,474 shares of the company’s stock, valued at $21,268,166.06. The trade was a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.45% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on OMF shares. JMP Securities restated a “market outperform” rating and issued a $65.00 price objective on shares of OneMain in a research note on Monday. Royal Bank of Canada increased their price target on OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a research note on Monday. Stephens reiterated an “overweight” rating and issued a $62.00 price target on shares of OneMain in a research note on Monday. StockNews.com upgraded OneMain from a “hold” rating to a “buy” rating in a research report on Monday. Finally, JPMorgan Chase & Co. cut their price objective on OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $57.15.

OneMain Price Performance

NYSE OMF opened at $56.85 on Friday. The company has a fifty day moving average of $54.69 and a 200 day moving average of $50.98. The company has a market capitalization of $6.79 billion, a PE ratio of 13.41, a P/E/G ratio of 0.48 and a beta of 1.59. OneMain Holdings, Inc. has a 1 year low of $41.70 and a 1 year high of $58.90.

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th will be given a $1.04 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.32%. OneMain’s dividend payout ratio (DPR) 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.