OneMain Holdings, Inc. (NYSE:OMF) Position Increased by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. lifted its position in OneMain Holdings, Inc. (NYSE:OMF) by 177.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,389 shares of the financial services provider’s stock after buying an additional 889 shares during the quarter. SRS Capital Advisors Inc.’s holdings in OneMain were worth $72,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Legend Financial Advisors Inc. purchased a new position in OneMain during the 4th quarter worth approximately $26,000. FNY Investment Advisers LLC acquired a new stake in shares of OneMain in the fourth quarter worth $26,000. Albion Financial Group UT acquired a new stake in shares of OneMain in the fourth quarter worth $26,000. Continuum Advisory LLC acquired a new position in OneMain during the third quarter valued at $28,000. Finally, IFP Advisors Inc raised its position 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. Institutional investors and hedge funds own 85.82% of the company’s stock.

Insider Buying and Selling

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now owns 15,831 shares in the company, valued at $887,960.79. This trade represents a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.45% of the company’s stock.

OneMain Price Performance

OneMain stock opened at $49.38 on Friday. OneMain Holdings, Inc. has a one year low of $41.70 and a one year high of $58.90. The company’s fifty day moving average price is $54.54 and its two-hundred day moving average price is $51.82. The company has a market capitalization of $5.89 billion, a price-to-earnings ratio of 11.65, a PEG ratio of 0.44 and a beta of 1.62.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Wednesday, February 12th were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.42%. The ex-dividend date was Wednesday, February 12th. OneMain’s payout ratio is 98.11%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on OMF shares. Wells Fargo & Company lifted their target price on OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. lowered their price objective on shares of 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 upgraded shares of OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. JMP Securities restated a “market outperform” rating and set a $65.00 price target on shares of OneMain in a report on Monday, February 3rd. Finally, Royal Bank of Canada increased their price objective on OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $58.36.

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.