Capital International Investors Increases Stock Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Capital International Investors boosted its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,238,425 shares of the financial services provider’s stock after acquiring an additional 211,745 shares during the period. Capital International Investors owned 8.58% of OneMain worth $533,729,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP grew its position in OneMain by 395.9% during the 4th quarter. Wellington Management Group LLP now owns 2,249,762 shares of the financial services provider’s stock worth $117,280,000 after acquiring an additional 1,796,054 shares during the last quarter. Norges Bank purchased a new position in shares of OneMain in the fourth quarter worth $72,936,000. FMR LLC boosted its position in OneMain by 14.3% during the 4th quarter. FMR LLC now owns 10,835,668 shares of the financial services provider’s stock valued at $564,863,000 after buying an additional 1,352,604 shares during the period. Clearbridge Investments LLC grew its holdings in OneMain by 54.1% in the 4th quarter. Clearbridge Investments LLC now owns 2,885,961 shares of the financial services provider’s stock worth $150,445,000 after acquiring an additional 1,013,312 shares during the last quarter. Finally, William Blair Investment Management LLC bought a new position in shares of OneMain during the fourth quarter valued at about $46,195,000. Institutional investors own 85.82% of the company’s stock.

Insider Activity

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $56.09, for a total value of $157,500.72. Following the transaction, the senior vice president now directly owns 15,831 shares of the company’s stock, valued at approximately $887,960.79. This trade represents a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on OMF shares. JMP Securities reiterated a “market outperform” rating and issued a $65.00 price objective on shares of OneMain in a report on Monday, February 3rd. Northland Capmk upgraded shares of OneMain from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 8th. Stephens reiterated an “overweight” rating and set a $62.00 price target on shares of OneMain in a research report on Monday, February 3rd. Northland Securities raised OneMain from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company raised their target price on OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $58.17.

OneMain Stock Performance

OMF opened at $44.38 on Friday. The company’s 50-day simple moving average is $49.33 and its two-hundred day simple moving average is $51.64. OneMain Holdings, Inc. has a 52-week low of $38.00 and a 52-week high of $58.90. The stock has a market capitalization of $5.29 billion, a P/E ratio of 10.47, a P/E/G ratio of 0.44 and a beta of 1.35.

OneMain Announces Dividend

The business also recently announced 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 9.37%. OneMain’s dividend payout ratio is presently 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.