Integrated Quantitative Investments LLC Takes Position in OneMain Holdings, Inc. (NYSE:OMF)

Integrated Quantitative Investments LLC purchased a new position in OneMain Holdings, Inc. (NYSE:OMF) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,400 shares of the financial services provider’s stock, valued at approximately $334,000.

Other large investors also recently modified their holdings of the company. Ieq Capital LLC purchased a new stake in OneMain in the 4th quarter worth approximately $896,000. PNC Financial Services Group Inc. raised its position in shares of OneMain by 15.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,263 shares of the financial services provider’s stock worth $222,000 after buying an additional 569 shares in the last quarter. IFP Advisors Inc boosted its stake in OneMain by 180.0% during the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider’s stock valued at $40,000 after buying an additional 495 shares during the period. TCW Group Inc. grew its position in OneMain by 23.7% during the third quarter. TCW Group Inc. now owns 55,999 shares of the financial services provider’s stock worth $2,636,000 after buying an additional 10,744 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its stake in OneMain by 143.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 17,405 shares of the financial services provider’s stock worth $819,000 after acquiring an additional 10,253 shares during the last quarter. 85.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

OMF has been the subject of several recent analyst reports. StockNews.com raised OneMain from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Stephens reissued an “overweight” rating and issued a $62.00 price target on shares of OneMain in a research note on Monday, February 3rd. JMP Securities restated a “market outperform” rating and set a $65.00 price objective on shares of OneMain in a research report on Monday, February 3rd. JPMorgan Chase & Co. cut their target price on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Finally, Royal Bank of Canada raised their price target on OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $59.17.

Insider Activity

In related news, SVP Michael A. Hedlund sold 2,808 shares of OneMain stock in a transaction on Friday, February 21st. The shares were 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.45% of the company’s stock.

OneMain Trading Down 8.4 %

OMF opened at $40.99 on Friday. The company has a market cap of $4.89 billion, a P/E ratio of 9.67, a P/E/G ratio of 0.44 and a beta of 1.35. OneMain Holdings, Inc. has a 12 month low of $39.55 and a 12 month high of $58.90. The business’s 50-day moving average price is $52.22 and its 200-day moving average price is $52.00.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th were given a $1.04 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $4.16 annualized dividend and a yield of 10.15%. OneMain’s payout ratio is currently 98.11%.

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.