Cookson Peirce & Co. Inc. Has $492,000 Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Cookson Peirce & Co. Inc. lifted its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 13.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,444 shares of the financial services provider’s stock after purchasing an additional 1,092 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in OneMain were worth $492,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Ieq Capital LLC acquired a new stake in OneMain in the fourth quarter worth $896,000. TCW Group Inc. grew its holdings in OneMain by 23.7% in the third quarter. TCW Group Inc. now owns 55,999 shares of the financial services provider’s stock worth $2,636,000 after purchasing an additional 10,744 shares during the period. Quest Partners LLC grew its holdings in OneMain by 430.4% in the third quarter. Quest Partners LLC now owns 38,622 shares of the financial services provider’s stock worth $1,818,000 after purchasing an additional 31,341 shares during the period. Empowered Funds LLC grew its holdings in OneMain by 38.1% in the third quarter. Empowered Funds LLC now owns 33,888 shares of the financial services provider’s stock worth $1,595,000 after purchasing an additional 9,349 shares during the period. Finally, Sanctuary Advisors LLC grew its holdings in OneMain by 143.4% in the third quarter. Sanctuary Advisors LLC now owns 17,405 shares of the financial services provider’s stock worth $819,000 after purchasing an additional 10,253 shares during the period. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on OMF shares. Stephens restated an “overweight” rating and issued a $62.00 price target on shares of OneMain in a report on Monday, February 3rd. Royal Bank of Canada lifted their price objective on shares of OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. JMP Securities reiterated a “market outperform” rating and set a $65.00 price objective on shares of OneMain in a report on Monday, February 3rd. Finally, Wells Fargo & Company lifted their price objective on shares of OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $58.36.

OneMain Price Performance

OMF opened at $50.22 on Thursday. The company’s 50-day moving average is $54.59 and its 200 day moving average is $51.83. OneMain Holdings, Inc. has a fifty-two week low of $41.70 and a fifty-two week high of $58.90. The firm has a market capitalization of $5.99 billion, a P/E ratio of 11.84, a PEG ratio of 0.44 and a beta of 1.62.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th were given a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 8.28%. The ex-dividend date was Wednesday, February 12th. OneMain’s dividend payout ratio is 98.11%.

Insiders Place Their Bets

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of OneMain 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 owns 15,831 shares of the company’s stock, valued at approximately $887,960.79. The trade was a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.45% of the company’s stock.

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.