Avitas Wealth Management LLC Boosts Stock Position in OneMain Holdings, Inc. (NYSE:OMF)

Avitas Wealth Management LLC raised its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 45,432 shares of the financial services provider’s stock after buying an additional 256 shares during the quarter. Avitas Wealth Management LLC’s holdings in OneMain were worth $2,368,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of OMF. State Street Corp raised its stake in shares of OneMain by 0.8% during the 3rd quarter. State Street Corp now owns 2,140,861 shares of the financial services provider’s stock worth $100,770,000 after acquiring an additional 16,615 shares in the last quarter. Geode Capital Management LLC increased its position in shares of OneMain by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,139,793 shares of the financial services provider’s stock worth $100,935,000 after purchasing an additional 13,978 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of 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 during the last quarter. Basswood Capital Management L.L.C. boosted its position in shares of OneMain by 12.3% in 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 purchasing an additional 113,018 shares in the last quarter. Finally, Argent Capital Management LLC grew its stake in OneMain by 2.3% during 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 during the last quarter. 85.82% of the stock is currently owned by institutional investors.

OneMain Price Performance

Shares of OneMain stock opened at $54.92 on Wednesday. The stock has a market cap of $6.55 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 0.48 and a beta of 1.59. The firm has a fifty day moving average price of $54.70 and a 200 day moving average price of $50.90. OneMain Holdings, Inc. has a 1 year low of $41.70 and a 1 year high of $58.90.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th will be paid a dividend of $1.04 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.58%. OneMain’s payout ratio is currently 98.11%.

Insider Activity

In related news, CEO Douglas H. Shulman sold 20,000 shares of OneMain stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $54.19, for a total transaction of $1,083,800.00. Following the completion of the transaction, the chief executive officer now directly owns 392,474 shares in the company, valued at approximately $21,268,166.06. This trade represents a 4.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.45% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Royal Bank of Canada increased their price target on OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Monday. Barclays lowered shares of OneMain from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $52.00 to $46.00 in a research report on Tuesday, October 8th. Compass Point boosted their target price on shares of OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. decreased their price target on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Finally, JMP Securities reiterated a “market outperform” rating and set a $65.00 price objective on shares of OneMain in a research note on Monday. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, OneMain presently has a consensus rating of “Moderate Buy” and an average target price of $57.15.

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.