Burney Co. Purchases 2,927 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Burney Co. boosted its position in OneMain Holdings, Inc. (NYSE:OMF) by 11.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,456 shares of the financial services provider’s stock after purchasing an additional 2,927 shares during the period. Burney Co.’s holdings in OneMain were worth $1,536,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Commonwealth Equity Services LLC boosted its holdings in shares of OneMain by 13.4% in the second quarter. Commonwealth Equity Services LLC now owns 11,608 shares of the financial services provider’s stock worth $563,000 after buying an additional 1,374 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of OneMain by 6.9% during the 2nd quarter. Victory Capital Management Inc. now owns 37,999 shares of the financial services provider’s stock worth $1,843,000 after acquiring an additional 2,446 shares during the last quarter. Choreo LLC bought a new stake in shares of OneMain during the 2nd quarter valued at $246,000. Envestnet Asset Management Inc. increased its stake in shares of OneMain by 1.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 93,670 shares of the financial services provider’s stock worth $4,542,000 after purchasing an additional 1,299 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in OneMain by 9.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,288,643 shares of the financial services provider’s stock worth $159,465,000 after purchasing an additional 270,207 shares during the period. 85.82% of the stock is currently owned by institutional investors.

Insider Transactions at OneMain

In related news, SVP Michael A. Hedlund sold 1,992 shares of the company’s stock in a transaction 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 sale, the senior vice president now owns 18,955 shares of the company’s stock, valued at $985,660. This represents a 9.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas H. Shulman sold 5,000 shares of OneMain stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $53.00, for a total transaction of $265,000.00. Following the completion of the transaction, the chief executive officer now directly owns 412,474 shares of the company’s stock, valued at $21,861,122. The trade was a 1.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,492 shares of company stock valued at $1,582,384 in the last ninety days. Corporate insiders own 0.45% of the company’s stock.

OneMain Stock Up 0.6 %

OMF opened at $54.74 on Friday. OneMain Holdings, Inc. has a 52 week low of $41.70 and a 52 week high of $57.97. The firm has a 50-day simple moving average of $54.46 and a two-hundred day simple moving average of $50.26. The company has a market capitalization of $6.53 billion, a PE ratio of 11.98, a price-to-earnings-growth ratio of 0.44 and a beta of 1.58.

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 7.60%. The ex-dividend date was Tuesday, November 12th. OneMain’s payout ratio is 91.03%.

Analysts Set New Price Targets

Several analysts have issued reports on OMF shares. StockNews.com lowered OneMain from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Compass Point increased their target price on shares of OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. JMP Securities lifted their price target 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. reduced their price objective on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Royal Bank of Canada restated an “outperform” rating and set a $62.00 target price on shares of OneMain in a research note on Thursday. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $56.31.

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.