Bryce Point Capital LLC Makes New Investment in OneMain Holdings, Inc. (NYSE:OMF)

Bryce Point Capital LLC purchased a new stake in OneMain Holdings, Inc. (NYSE:OMF) during the fourth quarter, Holdings Channel reports. The fund purchased 27,582 shares of the financial services provider’s stock, valued at approximately $1,438,000.

Several other large investors have also recently made changes to their positions in the stock. Legend Financial Advisors Inc. purchased a new position in shares of OneMain during the fourth quarter worth $26,000. FNY Investment Advisers LLC purchased a new stake in OneMain during the 4th quarter worth approximately $26,000. Albion Financial Group UT purchased a new stake in OneMain during the 4th quarter worth approximately $26,000. Continuum Advisory LLC acquired a new stake in OneMain during the 3rd quarter worth approximately $28,000. Finally, IFP Advisors Inc boosted its position in OneMain by 180.0% in the 4th 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. 85.82% of the stock is currently owned by institutional investors and hedge funds.

OneMain Trading Up 0.4 %

Shares of OneMain stock opened at $49.07 on Wednesday. The company has a fifty day simple moving average of $52.95 and a 200-day simple moving average of $52.10. OneMain Holdings, Inc. has a 12-month low of $41.70 and a 12-month high of $58.90. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 0.44 and a beta of 1.62.

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 8.48%. The ex-dividend date was Wednesday, February 12th. OneMain’s payout ratio is 98.11%.

Insider Transactions at OneMain

In related news, SVP Michael A. Hedlund sold 2,808 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $56.09, for a total value of $157,500.72. Following the completion of the sale, the senior vice president now directly owns 15,831 shares of the company’s stock, valued at $887,960.79. This represents a 15.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Wells Fargo & Company upped their price objective on OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. reduced their price target 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. JMP Securities reaffirmed a “market outperform” rating and issued a $65.00 target price on shares of OneMain in a report on Monday, February 3rd. Finally, Royal Bank of Canada boosted their price target on shares of OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Six analysts have rated the stock with a hold rating and eight have given 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 $59.17.

OneMain Company 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.