Channing Capital Management LLC Takes $4.03 Million Position in OneMain Holdings, Inc. (NYSE:OMF)

Channing Capital Management LLC acquired a new position in shares of OneMain Holdings, Inc. (NYSE:OMF) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 77,312 shares of the financial services provider’s stock, valued at approximately $4,030,000.

A number of other large investors have also recently bought and sold shares of the business. Janus Henderson Group PLC raised its position in shares of OneMain by 69.0% during the 3rd quarter. Janus Henderson Group PLC now owns 772,864 shares of the financial services provider’s stock worth $36,377,000 after purchasing an additional 315,640 shares during the period. Basswood Capital Management L.L.C. grew its stake in OneMain by 12.3% during the 3rd quarter. Basswood Capital Management L.L.C. now owns 1,030,423 shares of the financial services provider’s stock worth $48,502,000 after buying an additional 113,018 shares during the last quarter. Principal Financial Group Inc. increased its position in OneMain by 12.1% in the third quarter. Principal Financial Group Inc. now owns 805,256 shares of the financial services provider’s stock worth $37,903,000 after buying an additional 87,084 shares during the period. Prescott Group Capital Management L.L.C. lifted its stake in OneMain by 86.4% in the fourth quarter. Prescott Group Capital Management L.L.C. now owns 151,000 shares of the financial services provider’s stock valued at $7,872,000 after buying an additional 70,000 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of OneMain during the third quarter valued at $2,565,000. Institutional investors own 85.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on OMF. JPMorgan Chase & Co. dropped their price objective on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Royal Bank of Canada raised their price target on shares of OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. StockNews.com upgraded OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. JMP Securities restated a “market outperform” rating and issued a $65.00 target price on shares of OneMain in a research report on Monday, February 3rd. Finally, Stephens reiterated an “overweight” rating and set a $62.00 price target on shares of OneMain in a research report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $58.36.

Insider Activity

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 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. The trade was a 15.07 % decrease in their ownership of the stock. The sale 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.

OneMain Stock Down 1.4 %

Shares of OneMain stock opened at $45.94 on Wednesday. The business has a fifty day simple moving average of $54.28 and a 200-day simple moving average of $51.88. The firm has a market cap of $5.48 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 0.44 and a beta of 1.62. OneMain Holdings, Inc. has a fifty-two week low of $41.70 and a fifty-two week high of $58.90.

OneMain Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th were issued a $1.04 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $4.16 annualized dividend and a dividend yield of 9.06%. OneMain’s dividend payout ratio is currently 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.