Capital International Investors Has $533.73 Million Stake in OneMain Holdings, Inc. (NYSE:OMF)

Capital International Investors grew its position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,238,425 shares of the financial services provider's stock after buying an additional 211,745 shares during the quarter. Capital International Investors owned approximately 8.58% of OneMain worth $533,729,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. FNY Investment Advisers LLC acquired a new stake in OneMain during the 4th quarter valued at $26,000. Legend Financial Advisors Inc. bought a new stake in shares of OneMain during the fourth quarter worth $26,000. Albion Financial Group UT acquired a new stake in shares of OneMain in the fourth quarter valued at $26,000. IFP Advisors Inc raised its holdings in shares of OneMain by 180.0% in the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock valued at $40,000 after buying an additional 495 shares during the last quarter. Finally, Richardson Financial Services Inc. acquired a new position in OneMain during the 4th quarter worth about $44,000. Institutional investors and hedge funds own 85.82% of the company's stock.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, SVP Michael A. Hedlund sold 2,808 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $56.09, for a total transaction of $157,500.72. Following the completion of the sale, the senior vice president now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.45% of the company's stock.

OneMain Price Performance

Shares of NYSE OMF traded up $2.20 during midday trading on Thursday, reaching $48.80. 461,633 shares of the stock were exchanged, compared to its average volume of 1,036,325. OneMain Holdings, Inc. has a 12 month low of $38.00 and a 12 month high of $58.90. The business has a 50-day simple moving average of $48.47 and a two-hundred day simple moving average of $51.62. The company has a market capitalization of $5.82 billion, a price-to-earnings ratio of 11.52, a P/E/G ratio of 0.44 and a beta of 1.35.

OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th were paid a $1.04 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a yield of 8.53%. OneMain's payout ratio is 98.11%.

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.