Larson Financial Group LLC Increases Stake in OneMain Holdings, Inc. (NYSE:OMF)

Larson Financial Group LLC grew its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 16.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 53,748 shares of the financial services provider’s stock after buying an additional 7,658 shares during the quarter. Larson Financial Group LLC’s holdings in OneMain were worth $2,802,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Quantinno Capital Management LP raised its position in OneMain by 0.7% during the 3rd quarter. Quantinno Capital Management LP now owns 27,732 shares of the financial services provider’s stock worth $1,305,000 after buying an additional 204 shares during the last quarter. Atria Wealth Solutions Inc. raised its position in OneMain by 5.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 4,724 shares of the financial services provider’s stock worth $246,000 after buying an additional 231 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in OneMain by 4.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,884 shares of the financial services provider’s stock worth $307,000 after buying an additional 234 shares during the last quarter. Avitas Wealth Management LLC raised its position in OneMain by 0.6% during the 4th quarter. Avitas Wealth Management LLC now owns 45,432 shares of the financial services provider’s stock worth $2,368,000 after buying an additional 256 shares during the last quarter. Finally, Arizona State Retirement System raised its position in OneMain by 0.8% during the 4th quarter. Arizona State Retirement System now owns 34,784 shares of the financial services provider’s stock worth $1,813,000 after buying an additional 286 shares during the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Insiders Place Their Bets

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $56.09, for a total transaction of $157,500.72. Following the sale, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 0.45% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Wells Fargo & Company upped their price target 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. Royal Bank of Canada upped their price target 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. StockNews.com raised shares of OneMain from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. lowered their price target on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $65.00 price target on shares of OneMain in a research note on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, OneMain currently has a consensus rating of “Moderate Buy” and an average target price of $58.36.

OneMain Price Performance

OneMain stock opened at $49.02 on Friday. OneMain Holdings, Inc. has a 12-month low of $41.70 and a 12-month high of $58.90. The stock has a market capitalization of $5.85 billion, a P/E ratio of 11.56, a P/E/G ratio of 0.44 and a beta of 1.62. The firm’s 50-day moving average is $54.39 and its two-hundred day moving average is $51.81.

OneMain Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th were paid a dividend of $1.04 per share. The ex-dividend date was Wednesday, February 12th. This represents a $4.16 annualized dividend and a dividend yield of 8.49%. OneMain’s dividend payout ratio is currently 98.11%.

OneMain Company 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.