Empowered Funds LLC Has $2.64 Million Stock Position in OneMain Holdings, Inc. (NYSE:OMF)

Empowered Funds LLC lifted its position in OneMain Holdings, Inc. (NYSE:OMF) by 49.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,597 shares of the financial services provider’s stock after buying an additional 16,709 shares during the quarter. Empowered Funds LLC’s holdings in OneMain were worth $2,638,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Robertson Stephens Wealth Management LLC lifted its stake in shares of OneMain by 12.8% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 32,081 shares of the financial services provider’s stock worth $1,672,000 after buying an additional 3,630 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in OneMain by 7.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,410 shares of the financial services provider’s stock worth $1,275,000 after acquiring an additional 1,665 shares during the period. Yousif Capital Management LLC increased its position in OneMain by 11.7% during the fourth quarter. Yousif Capital Management LLC now owns 5,499 shares of the financial services provider’s stock worth $287,000 after acquiring an additional 577 shares during the period. Avitas Wealth Management LLC increased its position in OneMain by 0.6% during the fourth quarter. Avitas Wealth Management LLC now owns 45,432 shares of the financial services provider’s stock worth $2,368,000 after acquiring an additional 256 shares during the period. Finally, Richardson Financial Services Inc. bought a new position in OneMain during the fourth quarter worth $44,000. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on OMF shares. Stephens reaffirmed an “overweight” rating and set a $62.00 target price on shares of OneMain in a research report on Monday, February 3rd. Compass Point boosted their target price on shares of OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. StockNews.com raised shares of OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday. JMP Securities reaffirmed a “market outperform” rating and set a $65.00 target price on shares of OneMain in a research report on Monday, February 3rd. Finally, Royal Bank of Canada boosted their target price on shares of OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $58.36.

OneMain Stock Performance

Shares of OMF stock opened at $55.25 on Friday. The stock has a market cap of $6.59 billion, a price-to-earnings ratio of 13.03, a P/E/G ratio of 0.45 and a beta of 1.59. The firm has a fifty day moving average of $54.59 and a 200-day moving average of $51.08. OneMain Holdings, Inc. has a 52-week low of $41.70 and a 52-week high of $58.90.

OneMain Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Wednesday, February 12th will be given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.53%. The ex-dividend date is Wednesday, February 12th. OneMain’s dividend payout ratio (DPR) is currently 98.11%.

About OneMain

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.