Icon Advisers Inc. Co. Purchases New Position in OneMain Holdings, Inc. (NYSE:OMF)

Icon Advisers Inc. Co. bought a new position in OneMain Holdings, Inc. (NYSE:OMF) during the fourth quarter, Holdings Channel reports. The fund bought 32,800 shares of the financial services provider’s stock, valued at approximately $1,710,000.

Other large investors also recently bought and sold shares of the company. Stifel Financial Corp boosted its position in shares of OneMain by 16.1% in the 3rd quarter. Stifel Financial Corp now owns 79,396 shares of the financial services provider’s stock worth $3,737,000 after purchasing an additional 10,994 shares in the last quarter. State Street Corp boosted its holdings in OneMain by 0.8% in the third quarter. State Street Corp now owns 2,140,861 shares of the financial services provider’s stock worth $100,770,000 after acquiring an additional 16,615 shares in the last quarter. Orion Portfolio Solutions LLC grew its stake in shares of OneMain by 65.1% in the third quarter. Orion Portfolio Solutions LLC now owns 10,621 shares of the financial services provider’s stock worth $500,000 after acquiring an additional 4,188 shares during the last quarter. MML Investors Services LLC increased its holdings in shares of OneMain by 8.7% during the third quarter. MML Investors Services LLC now owns 18,323 shares of the financial services provider’s stock valued at $862,000 after acquiring an additional 1,474 shares in the last quarter. Finally, Barclays PLC raised its position in shares of OneMain by 22.0% in the 3rd quarter. Barclays PLC now owns 100,831 shares of the financial services provider’s stock worth $4,747,000 after purchasing an additional 18,190 shares during the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

OneMain Stock Performance

Shares of NYSE:OMF opened at $43.06 on Monday. The stock’s 50-day moving average is $50.30 and its 200-day moving average is $51.78. OneMain Holdings, Inc. has a 52-week low of $38.00 and a 52-week high of $58.90. The company has a market cap of $5.14 billion, a P/E ratio of 10.15, a P/E/G ratio of 0.44 and a beta of 1.35.

OneMain Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were given a dividend of $1.04 per share. The ex-dividend date was Wednesday, February 12th. This represents a $4.16 annualized dividend and a dividend yield of 9.66%. OneMain’s payout ratio is currently 98.11%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on OMF shares. Stephens reissued an “overweight” rating and issued a $62.00 target price on shares of OneMain in a research report on Monday, February 3rd. StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Wells Fargo & Company lifted their target price on shares of OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. Northland Securities upgraded OneMain from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. reduced their price objective on OneMain from $58.00 to $46.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $58.17.

Insiders Place Their Bets

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of the firm’s 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 completion of the sale, the senior vice president now owns 15,831 shares of the company’s stock, valued at $887,960.79. This trade represents a 15.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.