OneMain Holdings, Inc. (NYSE:OMF) Shares Bought by Peak Financial Advisors LLC

Peak Financial Advisors LLC grew its position in OneMain Holdings, Inc. (NYSE:OMF) by 3.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,588 shares of the financial services provider’s stock after buying an additional 310 shares during the quarter. Peak Financial Advisors LLC’s holdings in OneMain were worth $500,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Legend Financial Advisors Inc. purchased a new position in OneMain during the 4th quarter valued at about $26,000. FNY Investment Advisers LLC acquired a new stake in shares of OneMain in the fourth quarter valued at approximately $26,000. Continuum Advisory LLC purchased a new position in shares of OneMain during the 3rd quarter worth approximately $28,000. Blue Trust Inc. raised its position in shares of OneMain by 64.1% during the 3rd quarter. Blue Trust Inc. now owns 1,219 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 476 shares during the last quarter. Finally, Abich Financial Wealth Management LLC raised its position in shares of OneMain by 27.4% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,227 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 264 shares during the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

OneMain Stock Up 1.9 %

NYSE:OMF opened at $53.57 on Wednesday. OneMain Holdings, Inc. has a fifty-two week low of $41.70 and a fifty-two week high of $57.97. The firm’s 50 day moving average is $54.45 and its two-hundred day moving average is $50.20. The company has a market cap of $6.39 billion, a P/E ratio of 11.72, a P/E/G ratio of 0.69 and a beta of 1.58.

OneMain Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 7.77%. The ex-dividend date of this dividend was Tuesday, November 12th. OneMain’s payout ratio is currently 91.03%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. StockNews.com cut OneMain from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Stephens initiated coverage on OneMain in a research report on Wednesday, November 13th. They set an “overweight” rating and a $62.00 price objective for the company. JMP Securities upped their target price on shares of OneMain from $60.00 to $62.00 and gave the company a “market outperform” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. lowered their price target on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Compass Point boosted their price objective on shares of OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Seven investment 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, OneMain has a consensus rating of “Moderate Buy” and a consensus price target of $56.00.

Insider Buying and Selling at OneMain

In related news, CEO Douglas H. Shulman sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $54.19, for a total value of $1,083,800.00. Following the transaction, the chief executive officer now owns 392,474 shares in the company, valued at approximately $21,268,166.06. This trade represents a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Michael A. Hedlund sold 1,992 shares of OneMain stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $52.00, for a total transaction of $103,584.00. Following the transaction, the senior vice president now directly owns 18,955 shares in the company, valued at approximately $985,660. This trade represents a 9.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,492 shares of company stock valued at $1,582,384. Company insiders own 0.45% of the company’s stock.

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.