OneMain Holdings, Inc. (NYSE:OMF) Shares Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. grew its position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 1,600.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 16,831 shares of the financial services provider's stock after acquiring an additional 15,841 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in OneMain were worth $877,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. FNY Investment Advisers LLC bought a new position in OneMain during the fourth quarter valued at $26,000. Albion Financial Group UT bought a new position in shares of OneMain in the 4th quarter valued at about $26,000. Legend Financial Advisors Inc. purchased a new position in OneMain in the fourth quarter worth about $26,000. IFP Advisors Inc increased its stake in 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 acquiring an additional 495 shares during the last quarter. Finally, Richardson Financial Services Inc. purchased a new stake in OneMain during the fourth quarter valued at approximately $44,000. 85.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on OMF. Royal Bank of Canada boosted their target price on OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a research report on Monday, February 3rd. Barclays set a $56.00 target price on shares of OneMain in a research note on Friday, March 14th. Evercore ISI started coverage on shares of OneMain in a research note on Tuesday, March 25th. They set an "in-line" rating and a $58.00 price target for the company. JMP Securities reissued a "market outperform" rating and issued a $65.00 price objective on shares of OneMain in a research report on Wednesday. Finally, Northland Capmk upgraded OneMain from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. 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.com, OneMain has a consensus rating of "Moderate Buy" and an average price target of $58.17.

Insider Activity at OneMain

In other news, SVP Michael A. Hedlund sold 2,808 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $56.09, for a total value of $157,500.72. Following the sale, the senior vice president now directly owns 15,831 shares in the company, valued at approximately $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 accessible through this hyperlink. 0.45% of the stock is owned by corporate insiders.

OneMain Stock Down 5.5 %

Shares of OMF stock traded down $2.69 on Wednesday, hitting $45.94. The stock had a trading volume of 583,081 shares, compared to its average volume of 1,042,993. OneMain Holdings, Inc. has a one year low of $38.00 and a one year high of $58.90. The business has a 50 day moving average price of $47.82 and a 200 day moving average price of $51.74. The company has a market cap of $5.48 billion, a PE ratio of 10.86, a P/E/G ratio of 0.44 and a beta of 1.35.

OneMain (NYSE:OMF - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.17. The company had revenue of $188.00 million for the quarter, compared to analyst estimates of $1.16 billion. OneMain had a net margin of 10.19% and a return on equity of 18.39%. OneMain's revenue was up 7.1% compared to the same quarter last year. During the same period last year, the company posted $1.45 earnings per share. Equities research analysts expect that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 9th will be paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 9.06%. OneMain's dividend payout ratio (DPR) is currently 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.