Principal Financial Group Inc. Sells 83,756 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Principal Financial Group Inc. reduced its stake in OneMain Holdings, Inc. (NYSE:OMF) by 10.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 721,500 shares of the financial services provider’s stock after selling 83,756 shares during the quarter. Principal Financial Group Inc. owned about 0.60% of OneMain worth $37,612,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Allworth Financial LP boosted its position in shares of OneMain by 21.6% in the 4th quarter. Allworth Financial LP now owns 1,624 shares of the financial services provider’s stock worth $93,000 after purchasing an additional 288 shares in the last quarter. Principal Securities Inc. lifted its position in OneMain by 28.7% in the 4th quarter. Principal Securities Inc. now owns 1,675 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 374 shares in the last quarter. Vista Finance LLC bought a new position in OneMain in the 4th quarter valued at approximately $331,000. Blue Trust Inc. lifted its position in OneMain by 36.9% in the 4th quarter. Blue Trust Inc. now owns 1,669 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 450 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in OneMain in the 4th quarter valued at approximately $126,000. 85.82% of the stock is owned by institutional investors.

OneMain Price Performance

NYSE:OMF opened at $54.21 on Friday. The firm has a market capitalization of $6.47 billion, a price-to-earnings ratio of 12.79, a price-to-earnings-growth ratio of 0.45 and a beta of 1.59. OneMain Holdings, Inc. has a one year low of $41.70 and a one year high of $58.90. The business has a fifty day moving average price of $54.63 and a 200-day moving average price of $51.41.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders 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 7.67%. OneMain’s dividend payout ratio (DPR) is 98.11%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. 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 report on Tuesday, January 21st. JPMorgan Chase & Co. lowered their price objective on OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock 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. Compass Point upped their price objective on OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, JMP Securities reiterated a “market outperform” rating and set a $65.00 target price on shares of OneMain in a research note on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $58.36.

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.