William Blair Investment Management LLC Purchases Shares of 886,149 OneMain Holdings, Inc. (NYSE:OMF)

William Blair Investment Management LLC purchased a new stake in OneMain Holdings, Inc. (NYSE:OMF) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 886,149 shares of the financial services provider’s stock, valued at approximately $46,195,000.

Other large investors also recently bought and sold shares of the company. Legend Financial Advisors Inc. acquired a new position in shares of OneMain during the 4th quarter worth approximately $26,000. FNY Investment Advisers LLC acquired a new position in shares of OneMain during the 4th quarter worth approximately $26,000. Albion Financial Group UT acquired a new position in shares of OneMain during the 4th quarter worth approximately $26,000. Continuum Advisory LLC acquired a new position in shares of OneMain during the 3rd quarter worth approximately $28,000. Finally, IFP Advisors Inc raised its stake in shares of OneMain by 180.0% during the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider’s stock worth $40,000 after buying an additional 495 shares during the period. 85.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the company. JMP Securities reissued a “market outperform” rating and issued a $65.00 price objective on shares of OneMain in a research note on Monday, February 3rd. Stephens reissued an “overweight” rating and issued a $62.00 price objective on shares of OneMain in a research note on Monday, February 3rd. JPMorgan Chase & Co. reduced their price objective on OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Wells Fargo & Company increased their price objective on OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. Finally, Royal Bank of Canada increased their price objective on OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.36.

Insider Buying and Selling

In other news, SVP Michael A. Hedlund sold 2,808 shares of the business’s stock in a transaction on Friday, February 21st. The stock was 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 directly 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.45% of the stock is currently owned by insiders.

OneMain Price Performance

OneMain stock opened at $48.48 on Tuesday. OneMain Holdings, Inc. has a 1-year low of $41.70 and a 1-year high of $58.90. The company has a market cap of $5.79 billion, a PE ratio of 11.43, a price-to-earnings-growth ratio of 0.44 and a beta of 1.62. The stock’s 50 day moving average price is $53.73 and its 200 day moving average price is $51.80.

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Wednesday, February 12th were issued a dividend of $1.04 per share. The ex-dividend date was Wednesday, February 12th. This represents a $4.16 annualized dividend and a yield of 8.58%. OneMain’s dividend payout ratio is presently 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.