R Squared Ltd Invests $44,000 in OneMain Holdings, Inc. (NYSE:OMF)

R Squared Ltd purchased a new position in shares of OneMain Holdings, Inc. (NYSE:OMF) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 850 shares of the financial services provider’s stock, valued at approximately $44,000.

Other hedge funds also recently made changes to their positions in the company. Legend Financial Advisors Inc. bought a new position in shares of OneMain in the fourth quarter valued at $26,000. FNY Investment Advisers LLC bought a new position in OneMain during the fourth quarter worth $26,000. Albion Financial Group UT bought a new position in OneMain during the fourth quarter worth $26,000. Continuum Advisory LLC bought a new position in OneMain during the third quarter worth $28,000. Finally, Blue Trust Inc. boosted its position in OneMain by 64.1% during the third quarter. Blue Trust Inc. now owns 1,219 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 476 shares during the period. 85.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on OMF shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $62.00 price objective on shares of OneMain in a research report on Thursday, January 16th. Barclays cut shares of OneMain from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $52.00 to $46.00 in a research report on Tuesday, October 8th. Compass Point lifted their target price on OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. JMP Securities lifted their target price on OneMain from $60.00 to $62.00 and gave the stock a “market outperform” rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. dropped their target price on OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, OneMain presently has an average rating of “Moderate Buy” and an average target price of $56.69.

OneMain Stock Performance

Shares of NYSE:OMF opened at $55.53 on Monday. OneMain Holdings, Inc. has a 52-week low of $41.70 and a 52-week high of $58.90. The company has a market capitalization of $6.63 billion, a PE ratio of 12.15, a price-to-earnings-growth ratio of 0.50 and a beta of 1.58. The company has a fifty day moving average of $54.80 and a 200-day moving average of $50.85.

OneMain Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th will be issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 7.49%. The ex-dividend date of this dividend is Wednesday, February 12th. OneMain’s dividend payout ratio (DPR) is currently 98.11%.

Insider Activity

In other OneMain news, CEO Douglas H. Shulman sold 20,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $54.19, for a total transaction of $1,083,800.00. Following the completion of the sale, the chief executive officer now owns 392,474 shares of the company’s stock, valued at approximately $21,268,166.06. This represents a 4.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.45% of the stock is currently owned by insiders.

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.