Barclays PLC Boosts Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Barclays PLC boosted its stake in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 128.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 230,717 shares of the financial services provider's stock after acquiring an additional 129,886 shares during the period. Barclays PLC owned 0.19% of OneMain worth $12,026,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of OMF. Vanguard Group Inc. increased its position in OneMain by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 11,889,113 shares of the financial services provider's stock worth $619,779,000 after purchasing an additional 40,042 shares in the last quarter. FMR LLC boosted its holdings in shares of OneMain by 14.3% during the 4th quarter. FMR LLC now owns 10,835,668 shares of the financial services provider's stock valued at $564,863,000 after acquiring an additional 1,352,604 shares in the last quarter. Clearbridge Investments LLC raised its position in OneMain by 54.1% in the fourth quarter. Clearbridge Investments LLC now owns 2,885,961 shares of the financial services provider's stock valued at $150,445,000 after purchasing an additional 1,013,312 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of OneMain by 395.9% during the fourth quarter. Wellington Management Group LLP now owns 2,249,762 shares of the financial services provider's stock worth $117,280,000 after purchasing an additional 1,796,054 shares during the last quarter. Finally, Norges Bank bought a new position in OneMain in the 4th quarter valued at approximately $72,936,000. 85.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. cut their price target on shares of OneMain from $58.00 to $46.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Stephens reaffirmed an "overweight" rating and set a $62.00 price target on shares of OneMain in a research report on Monday, February 3rd. JMP Securities reissued a "market outperform" rating and issued a $65.00 price objective on shares of OneMain in a research report on Monday, February 3rd. Northland Securities raised OneMain from a "market perform" rating to an "outperform" rating in a research note on Tuesday, April 8th. Finally, Evercore ISI assumed coverage on OneMain in a research note on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $58.17.

Insider Activity

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of OneMain stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $56.09, for a total transaction of $157,500.72. Following the transaction, the senior vice president now owns 15,831 shares of the company's stock, valued at $887,960.79. This trade represents a 15.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.45% of the stock is currently owned by corporate insiders.

OneMain Stock Performance

OMF traded up $0.17 during midday trading on Friday, reaching $48.86. 812,238 shares of the company were exchanged, compared to its average volume of 1,038,667. The company has a market cap of $5.83 billion, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 0.44 and a beta of 1.35. OneMain Holdings, Inc. has a one year low of $38.00 and a one year high of $58.90. The company's fifty day moving average price is $48.12 and its 200 day moving average price is $51.66.

OneMain Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were paid a $1.04 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $4.16 annualized dividend and a dividend yield of 8.51%. OneMain's payout ratio is 98.11%.

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.