First Trust Advisors LP Has $53.17 Million Stock Position in OneMain Holdings, Inc. (NYSE:OMF)

First Trust Advisors LP increased its position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 21.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,019,946 shares of the financial services provider's stock after purchasing an additional 179,254 shares during the period. First Trust Advisors LP owned approximately 0.85% of OneMain worth $53,170,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Albion Financial Group UT bought a new stake in shares of OneMain in the fourth quarter valued at about $26,000. FNY Investment Advisers LLC bought a new stake in OneMain in the 4th quarter valued at about $26,000. Legend Financial Advisors Inc. acquired a new position in shares of OneMain during the 4th quarter worth approximately $26,000. IFP Advisors Inc increased its holdings in shares of OneMain by 180.0% during the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock worth $40,000 after purchasing an additional 495 shares during the period. Finally, Richardson Financial Services Inc. acquired a new stake in shares of OneMain in the fourth quarter valued at approximately $44,000. 85.82% of the stock is currently owned by institutional investors.

OneMain Stock Performance

Shares of OMF stock traded down $0.10 during mid-day trading on Monday, hitting $48.69. The company's stock had a trading volume of 331,232 shares, compared to its average volume of 1,037,708. The company has a market cap of $5.81 billion, a PE ratio of 11.47, a P/E/G ratio of 0.44 and a beta of 1.35. The company's fifty day simple moving average is $48.12 and its 200-day simple moving average is $51.74. OneMain Holdings, Inc. has a 52 week low of $38.00 and a 52 week high of $58.90.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 8.54%. The ex-dividend date of this dividend was Wednesday, February 12th. OneMain's dividend payout ratio (DPR) is 98.11%.

Insider Activity

In other news, SVP Michael A. Hedlund sold 2,808 shares of the stock in a transaction dated 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 represents a 15.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.45% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on OMF shares. Royal Bank of Canada raised their price objective on OneMain from $62.00 to $65.00 and gave the stock an "outperform" rating in a research note on Monday, February 3rd. Evercore ISI started coverage on OneMain in a research note on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 price target for the company. Stephens reiterated an "overweight" rating and set a $62.00 price objective on shares of OneMain in a research note on Monday, February 3rd. Northland Securities upgraded shares of OneMain from a "market perform" rating to an "outperform" rating in a research report on Tuesday, April 8th. Finally, StockNews.com upgraded shares of OneMain from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $58.17.

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.