Swiss National Bank Purchases 1,500 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Swiss National Bank increased its position in OneMain Holdings, Inc. (NYSE:OMF) by 0.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 235,500 shares of the financial services provider’s stock after acquiring an additional 1,500 shares during the quarter. Swiss National Bank’s holdings in OneMain were worth $12,277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Quantinno Capital Management LP grew its stake in shares of 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 period. Atria Wealth Solutions Inc. grew its position in OneMain by 5.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 4,724 shares of the financial services provider’s stock valued at $246,000 after buying an additional 231 shares during the period. Steward Partners Investment Advisory LLC increased its holdings in OneMain by 4.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,884 shares of the financial services provider’s stock valued at $307,000 after buying an additional 234 shares during the last quarter. Avitas Wealth Management LLC raised its position in OneMain by 0.6% in the fourth quarter. Avitas Wealth Management LLC now owns 45,432 shares of the financial services provider’s stock worth $2,368,000 after acquiring an additional 256 shares during the period. Finally, Arizona State Retirement System boosted its stake in shares of OneMain by 0.8% during the 4th quarter. Arizona State Retirement System now owns 34,784 shares of the financial services provider’s stock worth $1,813,000 after acquiring an additional 286 shares during the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

OneMain Trading Up 3.0 %

Shares of OneMain stock opened at $49.80 on Thursday. The firm has a market cap of $5.94 billion, a PE ratio of 11.75, a PEG ratio of 0.44 and a beta of 1.62. The stock has a 50 day moving average of $53.58 and a 200 day moving average of $51.78. OneMain Holdings, Inc. has a 12 month low of $41.70 and a 12 month high of $58.90.

OneMain Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Wednesday, February 12th were given a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 8.35%. The ex-dividend date was Wednesday, February 12th. OneMain’s dividend payout ratio is presently 98.11%.

Insider Activity at OneMain

In other news, SVP Michael A. Hedlund sold 2,808 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $56.09, for a total value of $157,500.72. Following the sale, the senior vice president now directly owns 15,831 shares in the company, valued at $887,960.79. The trade was a 15.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.45% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on OMF shares. Barclays set a $56.00 target price on OneMain in a report on Friday, March 14th. JMP Securities reaffirmed a “market outperform” rating and set a $65.00 price objective on shares of OneMain in a research report on Monday, February 3rd. Stephens reiterated an “overweight” rating and set a $62.00 price objective on shares of OneMain in a research note on Monday, February 3rd. Wells Fargo & Company raised their target price on shares of OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. dropped their price target on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.27.

OneMain 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.