OneMain Holdings, Inc. (NYSE:OMF) Shares Bought by Peak Financial Advisors LLC

Peak Financial Advisors LLC lifted its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,588 shares of the financial services provider’s stock after buying an additional 310 shares during the quarter. Peak Financial Advisors LLC’s holdings in OneMain were worth $500,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. acquired a new position in OneMain during the 3rd quarter worth approximately $17,016,000. Janus Henderson Group PLC lifted its position in shares of OneMain by 69.0% during the 3rd quarter. Janus Henderson Group PLC now owns 772,864 shares of the financial services provider’s stock worth $36,377,000 after purchasing an additional 315,640 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of OneMain by 9.0% during the second 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 in the last quarter. Lodge Hill Capital LLC purchased a new position in OneMain in the second quarter valued at $6,789,000. Finally, Magnolia Capital Advisors LLC acquired a new stake in OneMain in the second quarter valued at $6,760,000. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. JMP Securities upped their price objective on OneMain from $60.00 to $62.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 31st. StockNews.com lowered shares of OneMain from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Stephens initiated coverage on shares of OneMain in a research report on Wednesday, November 13th. They set an “overweight” rating and a $62.00 price objective for the company. Barclays downgraded shares of OneMain from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $52.00 to $46.00 in a research report on Tuesday, October 8th. Finally, Compass Point upped their price objective on shares of OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $56.00.

OneMain Stock Up 1.9 %

Shares of NYSE:OMF opened at $53.57 on Wednesday. The company has a market cap of $6.39 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 0.69 and a beta of 1.58. OneMain Holdings, Inc. has a fifty-two week low of $41.70 and a fifty-two week high of $57.97. The firm’s 50-day simple moving average is $54.45 and its 200-day simple moving average is $50.20.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 7.77%. The ex-dividend date was Tuesday, November 12th. OneMain’s payout ratio is 91.03%.

Insider Transactions at OneMain

In other news, SVP Michael A. Hedlund sold 1,992 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $52.00, for a total value of $103,584.00. Following the completion of the transaction, the senior vice president now owns 18,955 shares in the company, valued at $985,660. This trade represents a 9.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Micah R. Conrad sold 2,500 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total transaction of $130,000.00. Following the sale, the chief operating officer now directly owns 102,239 shares in the company, valued at approximately $5,316,428. This represents a 2.39 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 29,492 shares of company stock valued at $1,582,384. Corporate insiders own 0.45% of the company’s stock.

OneMain Company 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.