Northwest & Ethical Investments L.P. Has $167,000 Stock Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Northwest & Ethical Investments L.P. lifted its stake in OneMain Holdings, Inc. (NYSE:OMF) by 39.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,200 shares of the financial services provider’s stock after acquiring an additional 900 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in OneMain were worth $167,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Ieq Capital LLC acquired a new stake in OneMain in the fourth quarter valued at $896,000. IFP Advisors Inc lifted its stake in OneMain by 180.0% in the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 495 shares during the last quarter. TCW Group Inc. grew its holdings in OneMain by 23.7% during the third quarter. TCW Group Inc. now owns 55,999 shares of the financial services provider’s stock worth $2,636,000 after purchasing an additional 10,744 shares during the period. Sanctuary Advisors LLC grew its holdings in OneMain by 143.4% during the third quarter. Sanctuary Advisors LLC now owns 17,405 shares of the financial services provider’s stock worth $819,000 after purchasing an additional 10,253 shares during the period. Finally, Principal Financial Group Inc. increased its position in OneMain by 12.1% during 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 last quarter. Institutional investors own 85.82% of the company’s stock.

Insider Buying and Selling at OneMain

In other news, SVP Michael A. Hedlund sold 2,808 shares of the 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 approximately $887,960.79. This represents a 15.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.45% of the company’s stock.

OneMain Stock Up 0.9 %

Shares of NYSE:OMF opened at $50.48 on Friday. OneMain Holdings, Inc. has a 12-month low of $41.70 and a 12-month high of $58.90. The company’s 50 day moving average price is $53.51 and its two-hundred day moving average price is $51.80. The firm has a market cap of $6.03 billion, a PE ratio of 11.91, a PEG ratio of 0.44 and a beta of 1.62.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th were paid a dividend of $1.04 per share. The ex-dividend date was Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a yield of 8.24%. OneMain’s dividend payout ratio (DPR) is presently 98.11%.

Analyst Ratings Changes

A number of research firms have recently issued reports on OMF. Stephens reaffirmed an “overweight” rating and issued a $62.00 price objective on shares of OneMain in a research report on Monday, February 3rd. 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 report on Tuesday, January 14th. StockNews.com raised shares of OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Royal Bank of Canada lifted their target price on shares of OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Finally, JMP Securities reissued a “market outperform” rating and issued a $65.00 price target on shares of OneMain in a report on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $59.27.

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.