Integrated Quantitative Investments LLC Invests $334,000 in OneMain Holdings, Inc. (NYSE:OMF)

Integrated Quantitative Investments LLC acquired a new position in shares of OneMain Holdings, Inc. (NYSE:OMF) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,400 shares of the financial services provider’s stock, valued at approximately $334,000.

Several other institutional investors have also added to or reduced their stakes in OMF. Wellington Management Group LLP increased its stake in OneMain by 395.9% during the 4th quarter. Wellington Management Group LLP now owns 2,249,762 shares of the financial services provider’s stock worth $117,280,000 after acquiring an additional 1,796,054 shares during the period. Norges Bank bought a new stake in OneMain during the 4th quarter worth $72,936,000. Clearbridge Investments LLC grew its holdings in shares of OneMain by 54.1% during the fourth quarter. Clearbridge Investments LLC now owns 2,885,961 shares of the financial services provider’s stock worth $150,445,000 after purchasing an additional 1,013,312 shares during the last quarter. William Blair Investment Management LLC acquired a new position in OneMain in the 4th quarter valued at approximately $46,195,000. Finally, Janus Henderson Group PLC lifted its holdings in OneMain by 69.0% during the 3rd quarter. Janus Henderson Group PLC now owns 772,864 shares of the financial services provider’s stock worth $36,377,000 after buying an additional 315,640 shares during the period. 85.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

OMF has been the topic of a number of research analyst reports. StockNews.com raised shares of OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Barclays set a $56.00 target price on OneMain in a research report on Friday, March 14th. JPMorgan Chase & Co. lowered 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. Royal Bank of Canada lifted their price objective on shares of OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Finally, Stephens reiterated an “overweight” rating and set a $62.00 price target on shares of OneMain in a report on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $59.17.

Insider Activity at OneMain

In other news, SVP Michael A. Hedlund sold 2,808 shares of the business’s stock in a transaction that occurred on 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 owns 15,831 shares of the company’s stock, valued at $887,960.79. The trade was a 15.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.45% of the stock is currently owned by company insiders.

OneMain Stock Performance

Shares of OMF stock opened at $40.99 on Friday. OneMain Holdings, Inc. has a 52 week low of $39.55 and a 52 week high of $58.90. The firm’s 50-day simple moving average is $52.22 and its two-hundred day simple moving average is $52.00. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of 9.67, a P/E/G ratio of 0.44 and a beta of 1.35.

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 10.15%. The ex-dividend date was Wednesday, February 12th. OneMain’s dividend payout ratio (DPR) is 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.