Burney Co. Boosts Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Burney Co. grew its position in OneMain Holdings, Inc. (NYSE:OMF) by 11.0% during the 4th quarter, HoldingsChannel reports. The fund owned 29,456 shares of the financial services provider’s stock after purchasing an additional 2,927 shares during the period. Burney Co.’s holdings in OneMain were worth $1,536,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in OMF. Quantinno Capital Management LP grew its holdings in OneMain by 0.7% during the 3rd quarter. Quantinno Capital Management LP now owns 27,732 shares of the financial services provider’s stock valued at $1,305,000 after purchasing an additional 204 shares during the last quarter. UMB Bank n.a. grew its stake in shares of OneMain by 13.9% during the third quarter. UMB Bank n.a. now owns 2,026 shares of the financial services provider’s stock valued at $95,000 after buying an additional 247 shares during the last quarter. Abich Financial Wealth Management LLC raised its holdings in shares of OneMain by 27.4% in the second quarter. Abich Financial Wealth Management LLC now owns 1,227 shares of the financial services provider’s stock worth $59,000 after buying an additional 264 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of OneMain by 13.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,276 shares of the financial services provider’s stock worth $110,000 after buying an additional 271 shares during the period. Finally, OneDigital Investment Advisors LLC lifted its stake in shares of OneMain by 4.8% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 6,666 shares of the financial services provider’s stock worth $314,000 after acquiring an additional 304 shares during the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

OneMain Stock Up 0.6 %

OneMain stock opened at $54.74 on Friday. The business has a fifty day moving average of $54.46 and a two-hundred day moving average of $50.26. The firm has a market cap of $6.53 billion, a P/E ratio of 11.98, a P/E/G ratio of 0.44 and a beta of 1.58. OneMain Holdings, Inc. has a twelve month low of $41.70 and a twelve month high of $57.97.

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were given a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 7.60%. The ex-dividend date was Tuesday, November 12th. OneMain’s payout ratio is 91.03%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on OMF. JPMorgan Chase & Co. reduced their target price on OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a research note on Tuesday. Stephens initiated coverage on shares of OneMain in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $62.00 price target on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $62.00 price objective on shares of OneMain in a research report on Thursday. JMP Securities raised their target price on shares of OneMain from $60.00 to $62.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 31st. Finally, Wells Fargo & Company boosted their price target on OneMain from $49.00 to $52.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $56.31.

Insider Buying and Selling

In related news, CEO Douglas H. Shulman sold 20,000 shares of the business’s 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 transaction, the chief executive officer now owns 392,474 shares in the company, valued at $21,268,166.06. The trade was a 4.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Michael A. Hedlund sold 1,992 shares of OneMain stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total transaction of $103,584.00. Following the completion of the transaction, the senior vice president now directly owns 18,955 shares in the company, valued at $985,660. This represents a 9.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,492 shares of company stock worth $1,582,384 in the last three months. 0.45% of the stock is owned by insiders.

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.