32,800 Shares in OneMain Holdings, Inc. (NYSE:OMF) Acquired by Icon Advisers Inc. Co.

Icon Advisers Inc. Co. purchased a new stake in OneMain Holdings, Inc. (NYSE:OMF) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 32,800 shares of the financial services provider’s stock, valued at approximately $1,710,000.

A number of other institutional investors also recently bought and sold shares of the business. Stifel Financial Corp lifted its holdings in shares of OneMain by 16.1% in the third quarter. Stifel Financial Corp now owns 79,396 shares of the financial services provider’s stock valued at $3,737,000 after purchasing an additional 10,994 shares in the last quarter. State Street Corp raised 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 valued at $100,770,000 after buying an additional 16,615 shares during the period. Orion Portfolio Solutions LLC lifted its position in OneMain by 65.1% during the 3rd 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 in the last quarter. MML Investors Services LLC raised its stake 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 purchasing an additional 1,474 shares during the period. Finally, Barclays PLC boosted its stake in shares of OneMain by 22.0% in the third quarter. Barclays PLC now owns 100,831 shares of the financial services provider’s stock valued at $4,747,000 after purchasing an additional 18,190 shares during the period. 85.82% of the stock is currently owned by institutional investors and hedge funds.

OneMain Trading Up 0.1 %

Shares of OMF stock opened at $43.06 on Monday. The company has a market cap of $5.14 billion, a PE ratio of 10.15, a PEG ratio of 0.44 and a beta of 1.35. OneMain Holdings, Inc. has a 12-month low of $38.00 and a 12-month high of $58.90. The business’s fifty day simple moving average is $50.30 and its 200-day simple moving average is $51.78.

OneMain Dividend Announcement

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

Wall Street Analyst Weigh In

OMF has been the subject of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. Evercore ISI began coverage on OneMain in a report on Tuesday, March 25th. They issued an “in-line” rating and a $58.00 price target for the company. JMP Securities reaffirmed a “market outperform” rating and issued a $65.00 price objective on shares of OneMain in a report on Monday, February 3rd. Northland Securities upgraded shares of OneMain from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 8th. Finally, Barclays set a $56.00 target price on OneMain in a research note on Friday, March 14th. Five 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. Based on data from MarketBeat.com, OneMain has an average rating of “Moderate Buy” and an average target price of $58.17.

Insider Transactions at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of OneMain stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $56.09, for a total value of $157,500.72. Following the transaction, the senior vice president now directly owns 15,831 shares of the company’s stock, valued at $887,960.79. The trade was a 15.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.45% of the company’s stock.

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.