Callan Family Office LLC Invests $558,000 in OneMain Holdings, Inc. (NYSE:OMF)

Callan Family Office LLC bought a new stake in OneMain Holdings, Inc. (NYSE:OMF) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 10,713 shares of the financial services provider’s stock, valued at approximately $558,000.

Several other hedge funds have also modified their holdings of the stock. State Street Corp grew its position in OneMain by 0.8% in the third 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 boosted its stake 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 during the period. Charles Schwab Investment Management Inc. grew its holdings in OneMain by 2.2% during the 3rd 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 purchasing an additional 30,558 shares in the last quarter. Basswood Capital Management L.L.C. increased its stake in OneMain by 12.3% during the 3rd 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 during the period. Finally, Argent Capital Management LLC lifted its holdings 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 worth $43,149,000 after buying an additional 18,534 shares in the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at OneMain

In related news, SVP Michael A. Hedlund sold 2,808 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $56.09, for a total value of $157,500.72. Following the sale, the senior vice president now owns 15,831 shares of the company’s stock, valued at approximately $887,960.79. This trade represents a 15.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.45% of the stock is currently owned by insiders.

OneMain Stock Performance

OneMain stock opened at $49.02 on Monday. OneMain Holdings, Inc. has a 1 year low of $41.70 and a 1 year high of $58.90. The firm’s 50-day moving average is $54.39 and its 200-day moving average is $51.88. The company has a market cap of $5.85 billion, a P/E ratio of 11.56, a PEG ratio of 0.44 and a beta of 1.62.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th were issued a $1.04 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a yield of 8.49%. OneMain’s dividend payout ratio is currently 98.11%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on OMF shares. JPMorgan Chase & Co. lowered their target price on OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. StockNews.com upgraded OneMain from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Royal Bank of Canada increased their target price on OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Wells Fargo & Company raised their price target on shares of OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. Finally, Stephens reaffirmed an “overweight” rating and issued a $62.00 price target on shares of OneMain in a report on Monday, February 3rd. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, OneMain presently has an average rating of “Moderate Buy” and a consensus 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.