William Blair Investment Management LLC Invests $46.20 Million in OneMain Holdings, Inc. (NYSE:OMF)

William Blair Investment Management LLC bought a new position in shares of OneMain Holdings, Inc. (NYSE:OMF) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 886,149 shares of the financial services provider’s stock, valued at approximately $46,195,000. William Blair Investment Management LLC owned about 0.74% of OneMain at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Legend Financial Advisors Inc. bought a new stake in shares of OneMain during the fourth quarter worth $26,000. FNY Investment Advisers LLC bought a new stake in shares of OneMain during the fourth quarter worth $26,000. Albion Financial Group UT bought a new stake in shares of OneMain in the fourth quarter valued at about $26,000. Continuum Advisory LLC bought a new stake in shares of OneMain in the third quarter valued at about $28,000. Finally, IFP Advisors Inc raised its holdings in shares of OneMain by 180.0% in the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 495 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

OMF has been the subject of several recent research reports. Wells Fargo & Company lifted their price objective on OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. JMP Securities restated a “market outperform” rating and issued a $65.00 price objective on shares of OneMain in a report on Monday, February 3rd. StockNews.com upgraded OneMain from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Royal Bank of Canada lifted their price objective on OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $58.36.

Insider Transactions at OneMain

In related news, SVP Michael A. Hedlund sold 2,808 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was 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 in the company, valued at $887,960.79. This represents a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.45% of the company’s stock.

OneMain Stock Performance

Shares of OMF stock opened at $48.48 on Tuesday. OneMain Holdings, Inc. has a fifty-two week low of $41.70 and a fifty-two week high of $58.90. The firm has a market capitalization of $5.79 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 0.44 and a beta of 1.62. The stock’s 50-day simple moving average is $53.73 and its 200-day simple moving average is $51.80.

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 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 dividend yield of 8.58%. OneMain’s payout ratio 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.