Empowered Funds LLC Has $2.64 Million Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Empowered Funds LLC raised its stake in OneMain Holdings, Inc. (NYSE:OMF) by 49.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,597 shares of the financial services provider’s stock after acquiring an additional 16,709 shares during the quarter. Empowered Funds LLC’s holdings in OneMain were worth $2,638,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OMF. Legend Financial Advisors Inc. acquired a new stake in OneMain in the 4th quarter valued at about $26,000. FNY Investment Advisers LLC acquired a new stake in OneMain in the 4th quarter valued at about $26,000. Albion Financial Group UT bought a new position in shares of OneMain in the 4th quarter valued at about $26,000. Continuum Advisory LLC bought a new position in shares of OneMain in the 3rd quarter valued at about $28,000. Finally, Richardson Financial Services Inc. bought a new position in shares of OneMain in the 4th quarter valued at about $44,000. Institutional investors and hedge funds own 85.82% of the company’s stock.

OneMain Stock Performance

Shares of OMF stock opened at $55.25 on Friday. The company has a market capitalization of $6.59 billion, a P/E ratio of 13.03, a price-to-earnings-growth ratio of 0.45 and a beta of 1.59. The company’s 50 day moving average price is $54.59 and its two-hundred day moving average price is $51.08. OneMain Holdings, Inc. has a 52 week low of $41.70 and a 52 week high of $58.90.

OneMain Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th will be issued a dividend of $1.04 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.16 annualized dividend and a yield of 7.53%. OneMain’s dividend payout ratio (DPR) is currently 98.11%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Royal Bank of Canada raised their target price 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 raised shares of OneMain from a “hold” rating to a “buy” rating in a research note on Wednesday. JMP Securities reaffirmed a “market outperform” rating and issued a $65.00 target price on shares of OneMain in a research note on Monday, February 3rd. Stephens reissued an “overweight” rating and set a $62.00 price objective on shares of OneMain in a research note on Monday, February 3rd. Finally, Compass Point lifted their price objective on shares of OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.36.

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.