Northwest & Ethical Investments L.P. Has $167,000 Position in OneMain Holdings, Inc. (NYSE:OMF)

Northwest & Ethical Investments L.P. lifted its stake in OneMain Holdings, Inc. (NYSE:OMF) by 39.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,200 shares of the financial services provider’s stock after buying an additional 900 shares during the period. Northwest & Ethical Investments L.P.’s holdings in OneMain were worth $167,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of OneMain by 0.8% during the 3rd quarter. State Street Corp now owns 2,140,861 shares of the financial services provider’s stock worth $100,770,000 after purchasing an additional 16,615 shares in the last quarter. Geode Capital Management LLC lifted its position in OneMain by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,139,793 shares of the financial services provider’s stock worth $100,935,000 after purchasing an additional 13,978 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in OneMain by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,412,436 shares of the financial services provider’s stock worth $66,483,000 after buying an additional 30,558 shares in the last quarter. Basswood Capital Management L.L.C. raised its stake in shares of OneMain by 12.3% in the 3rd quarter. Basswood Capital Management L.L.C. now owns 1,030,423 shares of the financial services provider’s stock valued at $48,502,000 after buying an additional 113,018 shares in the last quarter. Finally, William Blair Investment Management LLC bought a new position in shares of OneMain during the 4th quarter worth about $46,195,000. 85.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at OneMain

In other news, SVP Michael A. Hedlund sold 2,808 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 15,831 shares of the company’s stock, valued at $887,960.79. This represents a 15.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.45% of the company’s stock.

OneMain Stock Up 0.9 %

OneMain stock opened at $50.48 on Friday. OneMain Holdings, Inc. has a twelve month low of $41.70 and a twelve month high of $58.90. The company has a 50 day moving average of $53.51 and a 200-day moving average of $51.80. The stock has a market capitalization of $6.03 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 0.44 and a beta of 1.62.

OneMain Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th were issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 8.24%. The ex-dividend date of this dividend was Wednesday, February 12th. OneMain’s dividend payout ratio (DPR) is presently 98.11%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Barclays set a $56.00 price target on shares of OneMain in a research report on Friday, March 14th. Wells Fargo & Company upped their price objective on OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. Royal Bank of Canada raised their target price on OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. JMP Securities reiterated a “market outperform” rating and issued a $65.00 price target on shares of OneMain in a research report on Monday, February 3rd. Finally, StockNews.com upgraded OneMain from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, OneMain presently has a consensus rating of “Moderate Buy” and an average price target of $59.27.

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.