Bridgewater Associates LP Buys 25,297 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Bridgewater Associates LP lifted its stake in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 95.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,713 shares of the financial services provider's stock after purchasing an additional 25,297 shares during the period. Bridgewater Associates LP's holdings in OneMain were worth $2,696,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of OMF. FNY Investment Advisers LLC bought a new position in shares of OneMain during the fourth quarter worth about $26,000. Legend Financial Advisors Inc. bought a new position in shares of OneMain during the fourth quarter worth about $26,000. Albion Financial Group UT bought a new position in OneMain in the fourth quarter worth about $26,000. IFP Advisors Inc lifted its holdings in OneMain by 180.0% in the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock worth $40,000 after acquiring an additional 495 shares during the last quarter. Finally, Richardson Financial Services Inc. bought a new position in OneMain in the fourth quarter worth about $44,000. Institutional investors own 85.82% of the company's stock.

OneMain Trading Up 4.0 %

OMF stock traded up $1.87 during mid-day trading on Thursday, hitting $48.47. The stock had a trading volume of 338,632 shares, compared to its average volume of 1,183,975. OneMain Holdings, Inc. has a 1-year low of $38.00 and a 1-year high of $58.90. The company has a fifty day moving average of $48.47 and a 200 day moving average of $51.62. The stock has a market capitalization of $5.78 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 0.44 and a beta of 1.35.

OneMain Announces Dividend

The company also recently announced 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 8.58%. The ex-dividend date of this dividend was Wednesday, February 12th. OneMain's payout ratio is currently 98.11%.

Insiders Place Their Bets

In other news, SVP Michael A. Hedlund sold 2,808 shares of the stock in a transaction dated Friday, February 21st. The stock was 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 approximately $887,960.79. This represents a 15.07 % decrease in their position. 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.

Analysts Set New Price Targets

Several equities research analysts have commented on OMF shares. StockNews.com upgraded shares of OneMain from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th. Northland Capmk upgraded shares of OneMain from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Wells Fargo & Company raised their price target on shares of OneMain from $52.00 to $57.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 21st. JMP Securities reiterated a "market outperform" rating and set a $65.00 price objective on shares of OneMain in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of OneMain from $58.00 to $46.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, OneMain presently has a consensus rating of "Moderate Buy" and an average target price of $58.17.

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.