Wealthfront Advisers LLC Buys New Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Wealthfront Advisers LLC bought a new stake in shares of OneMain Holdings, Inc. (NYSE:OMF) in the 4th quarter, Holdings Channel.com reports. The firm bought 24,548 shares of the financial services provider’s stock, valued at approximately $1,280,000.

Other institutional investors also recently bought and sold shares of the company. Legend Financial Advisors Inc. purchased a new stake in OneMain during the 4th quarter valued at about $26,000. FNY Investment Advisers LLC purchased a new stake in OneMain during the 4th quarter valued at about $26,000. Albion Financial Group UT purchased a new stake in OneMain during the 4th quarter valued at about $26,000. Continuum Advisory LLC purchased a new stake in OneMain during the 3rd quarter valued at about $28,000. Finally, IFP Advisors Inc boosted its holdings in OneMain by 180.0% during the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 495 shares during the period. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

OneMain Stock Up 7.3 %

OneMain stock opened at $48.68 on Friday. The company has a market capitalization of $5.81 billion, a P/E ratio of 11.48, a PEG ratio of 0.44 and a beta of 1.62. The stock’s 50 day moving average is $53.82 and its 200 day moving average is $51.79. OneMain Holdings, Inc. has a twelve month low of $41.70 and a twelve month high of $58.90.

OneMain Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Wednesday, February 12th were paid a $1.04 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $4.16 annualized dividend and a dividend yield of 8.55%. OneMain’s payout ratio is currently 98.11%.

Insider Buying and Selling at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $56.09, for a total transaction 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. This trade represents a 15.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.45% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. JPMorgan Chase & Co. lowered their price target on OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. StockNews.com raised OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. JMP Securities reaffirmed a “market outperform” rating and set a $65.00 price target on shares of OneMain in a research report on Monday, February 3rd. Stephens reaffirmed an “overweight” rating and set a $62.00 price target on shares of OneMain in a research report on Monday, February 3rd. Finally, Wells Fargo & Company increased their target price on OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, OneMain presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.36.

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.