TCW Group Inc. Buys 4,560 Shares of OneMain Holdings, Inc. (NYSE:OMF)

TCW Group Inc. raised its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 8.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,559 shares of the financial services provider’s stock after acquiring an additional 4,560 shares during the quarter. TCW Group Inc. owned approximately 0.05% of OneMain worth $3,157,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC boosted its holdings in shares of OneMain by 10.9% in the 4th quarter. Concurrent Investment Advisors LLC now owns 9,296 shares of the financial services provider’s stock worth $485,000 after purchasing an additional 910 shares during the period. Ieq Capital LLC bought a new stake in OneMain during the 4th quarter valued at $896,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of OneMain in the 4th quarter valued at about $126,000. Kestra Investment Management LLC bought a new stake in OneMain during the 4th quarter valued at $167,000. Finally, Atria Wealth Solutions Inc. grew its stake in OneMain by 5.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 4,724 shares of the financial services provider’s stock valued at $246,000 after purchasing an additional 231 shares during the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Stephens reaffirmed an “overweight” rating and set a $62.00 target price on shares of OneMain in a report on Monday, February 3rd. Compass Point upped their price objective on shares of OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. StockNews.com upgraded OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $65.00 price objective on shares of OneMain in a report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $58.36.

OneMain Trading Down 3.2 %

Shares of OneMain stock opened at $54.21 on Monday. OneMain Holdings, Inc. has a 12-month low of $41.70 and a 12-month high of $58.90. The company has a 50-day moving average of $54.63 and a two-hundred day moving average of $51.50. The stock has a market cap of $6.47 billion, a PE ratio of 12.79, a price-to-earnings-growth ratio of 0.44 and a beta of 1.59.

OneMain Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Wednesday, February 12th were given a dividend of $1.04 per share. The ex-dividend date was Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a yield of 7.67%. OneMain’s dividend payout ratio (DPR) is currently 98.11%.

About OneMain

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.