4,607 Shares in OneMain Holdings, Inc. (NYSE:OMF) Acquired by Fortress Financial Group LLC

Fortress Financial Group LLC acquired a new stake in OneMain Holdings, Inc. (NYSE:OMF) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,607 shares of the financial services provider’s stock, valued at approximately $240,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of OMF. State Street Corp lifted its position in OneMain by 0.8% in the 3rd quarter. State Street Corp now owns 2,140,861 shares of the financial services provider’s stock valued at $100,770,000 after acquiring an additional 16,615 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of OneMain by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,139,793 shares of the financial services provider’s stock valued at $100,935,000 after purchasing an additional 13,978 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position 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 valued at $66,483,000 after buying an additional 30,558 shares during the last quarter. Basswood Capital Management L.L.C. grew its holdings in 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 buying an additional 113,018 shares in the last quarter. Finally, Argent Capital Management LLC raised its position in OneMain by 2.3% in the 4th quarter. Argent Capital Management LLC now owns 827,710 shares of the financial services provider’s stock valued at $43,149,000 after buying an additional 18,534 shares during the last quarter. Institutional investors own 85.82% of the company’s stock.

Insider Activity

In related news, SVP Michael A. Hedlund sold 2,808 shares of OneMain stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $56.09, for a total value of $157,500.72. Following the completion of the transaction, the senior vice president now directly owns 15,831 shares in the company, valued at approximately $887,960.79. The trade was a 15.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.45% of the company’s stock.

OneMain Stock Performance

OMF stock opened at $52.89 on Friday. The stock has a fifty day moving average of $54.59 and a 200-day moving average of $51.61. OneMain Holdings, Inc. has a fifty-two week low of $41.70 and a fifty-two week high of $58.90. The company has a market capitalization of $6.31 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 0.44 and a beta of 1.59.

OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were paid a $1.04 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $4.16 annualized dividend and a dividend yield of 7.87%. OneMain’s payout ratio is 98.11%.

Wall Street Analyst Weigh In

OMF has been the topic of several analyst reports. 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. Royal Bank of Canada upped their target price on OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. StockNews.com upgraded OneMain from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. reduced their price objective on OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Finally, Compass Point lifted their target price on OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, OneMain has an average rating of “Moderate Buy” and an average target price of $58.36.

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.