OneMain Holdings, Inc. (NYSE:OMF) Shares Acquired by Stephens Inc. AR

Stephens Inc. AR boosted its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 2.2% during the fourth quarter, HoldingsChannel reports. The fund owned 21,481 shares of the financial services provider’s stock after buying an additional 461 shares during the period. Stephens Inc. AR’s holdings in OneMain were worth $1,120,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in OMF. Legend Financial Advisors Inc. purchased a new stake in OneMain in the fourth quarter valued at $26,000. FNY Investment Advisers LLC acquired a new stake in shares of OneMain during the 4th quarter worth about $26,000. Albion Financial Group UT purchased a new stake in OneMain in the 4th quarter valued at about $26,000. Continuum Advisory LLC acquired a new position in OneMain in the third quarter valued at about $28,000. Finally, Richardson Financial Services Inc. purchased a new position in OneMain during the fourth quarter worth about $44,000. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

OneMain Price Performance

OMF stock opened at $54.78 on Thursday. The business’s 50-day moving average is $54.59 and its two-hundred day moving average is $51.08. OneMain Holdings, Inc. has a 1 year low of $41.70 and a 1 year high of $58.90. The firm has a market capitalization of $6.54 billion, a P/E ratio of 12.92, a P/E/G ratio of 0.45 and a beta of 1.59.

OneMain Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th will be issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 7.59%. The ex-dividend date is Wednesday, February 12th. OneMain’s dividend payout ratio (DPR) is presently 98.11%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on OMF shares. Compass Point boosted their price target on shares of OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Stephens restated an “overweight” rating and set a $62.00 price target on shares of OneMain in a research note on Monday, February 3rd. JPMorgan Chase & Co. lowered their price target on OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Wells Fargo & Company increased their target price on OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. Finally, StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.36.

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.