SBI Securities Co. Ltd. Takes Position in OneMain Holdings, Inc. (NYSE:OMF)

SBI Securities Co. Ltd. purchased a new stake in shares of OneMain Holdings, Inc. (NYSE:OMF) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,520 shares of the financial services provider’s stock, valued at approximately $236,000.

A number of other hedge funds and other institutional investors have also modified their holdings of OMF. Janus Henderson Group PLC raised its holdings in shares of OneMain by 69.0% during the 3rd quarter. Janus Henderson Group PLC now owns 772,864 shares of the financial services provider’s stock valued at $36,377,000 after purchasing an additional 315,640 shares in the last quarter. Basswood Capital Management L.L.C. raised its holdings in shares of OneMain by 12.3% during 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 purchasing an additional 113,018 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of OneMain by 12.1% during the 3rd quarter. Principal Financial Group Inc. now owns 805,256 shares of the financial services provider’s stock valued at $37,903,000 after purchasing an additional 87,084 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of OneMain during the 3rd quarter valued at $2,565,000. Finally, Wellington Management Group LLP grew its stake in OneMain by 12.0% in the 3rd quarter. Wellington Management Group LLP now owns 453,708 shares of the financial services provider’s stock valued at $21,356,000 after buying an additional 48,790 shares during the last quarter. Institutional investors own 85.82% of the company’s stock.

Insider Activity at OneMain

In related news, SVP Michael A. Hedlund sold 2,808 shares of OneMain stock in a transaction dated Friday, February 21st. The shares were 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 trade represents a 15.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.45% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. JMP Securities reiterated a “market outperform” rating and issued a $65.00 target price on shares of OneMain in a research note on Monday, February 3rd. Stephens reiterated an “overweight” rating and issued a $62.00 target price on shares of OneMain in a research note on Monday, February 3rd. Royal Bank of Canada raised their target price on shares of OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Wells Fargo & Company raised their target price on shares of OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. lowered their target price on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, OneMain currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.36.

OneMain Price Performance

NYSE OMF opened at $50.22 on Thursday. OneMain Holdings, Inc. has a 52-week low of $41.70 and a 52-week high of $58.90. The firm has a market capitalization of $5.99 billion, a price-to-earnings ratio of 11.84, a P/E/G ratio of 0.44 and a beta of 1.62. The company’s fifty day moving average is $54.59 and its two-hundred day moving average is $51.83.

OneMain Announces Dividend

The company also recently declared 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 8.28%. The ex-dividend date of this dividend was Wednesday, February 12th. OneMain’s dividend 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.