AGF Management Ltd. Acquires Shares of 5,086 OneMain Holdings, Inc. (NYSE:OMF)

AGF Management Ltd. acquired a new stake in OneMain Holdings, Inc. (NYSE:OMF) during the fourth quarter, HoldingsChannel reports. The firm acquired 5,086 shares of the financial services provider’s stock, valued at approximately $265,000.

Other institutional investors also recently bought and sold shares of the company. State Street Corp increased its stake in shares of OneMain by 0.8% during the third quarter. State Street Corp now owns 2,140,861 shares of the financial services provider’s stock worth $100,770,000 after acquiring an additional 16,615 shares during the period. Geode Capital Management LLC increased its stake in shares of OneMain by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,139,793 shares of the financial services provider’s stock worth $100,935,000 after acquiring an additional 13,978 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of OneMain by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,412,436 shares of the financial services provider’s stock worth $66,483,000 after acquiring an additional 30,558 shares during the period. Basswood Capital Management L.L.C. increased its stake in shares of OneMain by 12.3% during the third quarter. Basswood Capital Management L.L.C. now owns 1,030,423 shares of the financial services provider’s stock worth $48,502,000 after acquiring an additional 113,018 shares during the period. Finally, Argent Capital Management LLC increased its stake in shares of OneMain by 2.3% during the fourth quarter. Argent Capital Management LLC now owns 827,710 shares of the financial services provider’s stock worth $43,149,000 after acquiring an additional 18,534 shares during the period. 85.82% of the stock is currently owned by institutional investors and hedge funds.

OneMain Price Performance

Shares of NYSE OMF opened at $48.68 on Friday. OneMain Holdings, Inc. has a 12-month low of $41.70 and a 12-month high of $58.90. The company has a market capitalization of $5.81 billion, a PE ratio of 11.48, a price-to-earnings-growth ratio of 0.44 and a beta of 1.62. The firm’s 50-day moving average is $53.82 and its two-hundred day moving average is $51.79.

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Wednesday, February 12th were paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 8.55%. The ex-dividend date was Wednesday, February 12th. OneMain’s payout ratio is 98.11%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Wells Fargo & Company boosted their price objective on shares of OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. StockNews.com raised shares of OneMain from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Royal Bank of Canada boosted their price objective on shares of OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Finally, JMP Securities reissued a “market outperform” rating and set a $65.00 price objective on shares of OneMain 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’s stock. Based on data from MarketBeat, OneMain has an average rating of “Moderate Buy” and an average price target of $58.36.

Insider Activity at OneMain

In related news, SVP Michael A. Hedlund sold 2,808 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were 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 of the company’s stock, valued at approximately $887,960.79. This represents a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.45% of the company’s stock.

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.