Quarry LP Increases Position in OneMain Holdings, Inc. (NYSE:OMF)

Quarry LP boosted its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 1,094.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,581 shares of the financial services provider’s stock after purchasing an additional 2,365 shares during the period. Quarry LP’s holdings in OneMain were worth $135,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. FNY Investment Advisers LLC purchased a new position in shares of OneMain during the 4th quarter valued at approximately $26,000. Albion Financial Group UT bought a new position in OneMain during the 4th quarter valued at $26,000. Legend Financial Advisors Inc. acquired a new position in OneMain during the 4th quarter worth $26,000. IFP Advisors Inc increased its position in shares of OneMain by 180.0% in the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 495 shares during the last quarter. Finally, Richardson Financial Services Inc. bought a new stake in shares of OneMain in the 4th quarter worth about $44,000. Institutional investors and hedge funds own 85.82% of the company’s stock.

OneMain Stock Up 1.0 %

Shares of OMF opened at $49.29 on Tuesday. The firm has a market capitalization of $5.88 billion, a PE ratio of 11.63, a P/E/G ratio of 0.44 and a beta of 1.35. The firm has a 50-day moving average price of $47.97 and a 200 day moving average price of $51.76. OneMain Holdings, Inc. has a 52-week low of $38.00 and a 52-week high of $58.90.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 8.44%. The ex-dividend date was Wednesday, February 12th. OneMain’s dividend payout ratio (DPR) is presently 98.11%.

Insider Activity at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $56.09, for a total value of $157,500.72. Following the sale, the senior vice president now directly owns 15,831 shares in the company, valued at approximately $887,960.79. The trade was a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.45% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on OMF shares. JPMorgan Chase & Co. lowered their price objective on OneMain from $58.00 to $46.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. StockNews.com upgraded OneMain from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Stephens reaffirmed an “overweight” rating and issued a $62.00 price objective on shares of OneMain in a report on Monday, February 3rd. Northland Capmk raised shares of OneMain from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 8th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $65.00 price objective on shares of OneMain in a research report on Monday, February 3rd. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $58.17.

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.