Townsquare Capital LLC Buys New Position in OneMain Holdings, Inc. (NYSE:OMF)

Townsquare Capital LLC purchased a new position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,635 shares of the financial services provider's stock, valued at approximately $450,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Sterling Capital Management LLC raised its holdings in OneMain by 56.7% in the fourth quarter. Sterling Capital Management LLC now owns 6,743 shares of the financial services provider's stock worth $352,000 after purchasing an additional 2,439 shares in the last quarter. Covestor Ltd raised its stake in shares of OneMain by 23.5% during the 4th quarter. Covestor Ltd now owns 3,937 shares of the financial services provider's stock worth $205,000 after acquiring an additional 749 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in OneMain during the fourth quarter valued at approximately $2,075,000. Abacus FCF Advisors LLC boosted its stake in OneMain by 45.1% in the fourth quarter. Abacus FCF Advisors LLC now owns 11,963 shares of the financial services provider's stock valued at $624,000 after acquiring an additional 3,720 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in OneMain by 27.9% in the fourth quarter. Renaissance Technologies LLC now owns 167,100 shares of the financial services provider's stock worth $8,711,000 after purchasing an additional 36,400 shares during the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

OneMain Stock Up 0.4 %

OMF traded up $0.18 during trading on Friday, reaching $48.87. The company's stock had a trading volume of 244,633 shares, compared to its average volume of 1,182,340. OneMain Holdings, Inc. has a 1 year low of $38.00 and a 1 year high of $58.90. The firm has a fifty day simple moving average of $48.30 and a two-hundred day simple moving average of $51.64. The company has a market cap of $5.83 billion, a price-to-earnings ratio of 11.53, a PEG ratio of 0.44 and a beta of 1.35.

OneMain Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on OMF. JPMorgan Chase & Co. lowered their price objective on OneMain from $58.00 to $46.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. JMP Securities restated a "market outperform" rating and set a $65.00 price objective on shares of OneMain in a report on Monday, February 3rd. Northland Securities upgraded shares of OneMain from a "market perform" rating to an "outperform" rating in a research note on Tuesday, April 8th. Northland Capmk raised shares of OneMain from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Finally, Stephens reissued an "overweight" rating and issued a $62.00 price objective on shares of OneMain in a report on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, OneMain currently has a consensus rating of "Moderate Buy" and an average price target of $58.17.

Insider Transactions at OneMain

In other OneMain 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 completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.45% of the company's stock.

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.