Concurrent Investment Advisors LLC Has $485,000 Stock Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Concurrent Investment Advisors LLC lifted its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 10.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,296 shares of the financial services provider’s stock after buying an additional 910 shares during the period. Concurrent Investment Advisors LLC’s holdings in OneMain were worth $485,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Legend Financial Advisors Inc. acquired a new stake in shares of OneMain in the fourth quarter worth $26,000. FNY Investment Advisers LLC acquired a new stake in shares of OneMain in the fourth quarter worth $26,000. Albion Financial Group UT acquired a new stake in shares of OneMain in the fourth quarter worth $26,000. Continuum Advisory LLC acquired a new stake in shares of OneMain in the third quarter worth $28,000. Finally, Richardson Financial Services Inc. acquired a new stake in shares of OneMain in the fourth quarter worth $44,000. Institutional investors and hedge funds own 85.82% of the company’s stock.

OneMain Price Performance

NYSE OMF opened at $53.05 on Tuesday. OneMain Holdings, Inc. has a fifty-two week low of $41.70 and a fifty-two week high of $58.90. The stock’s 50-day moving average is $54.58 and its two-hundred day moving average is $51.55. The firm has a market cap of $6.33 billion, a P/E ratio of 12.51, a price-to-earnings-growth ratio of 0.44 and a beta of 1.59.

OneMain Dividend Announcement

The business also recently announced 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. The ex-dividend date was Wednesday, February 12th. This represents a $4.16 annualized dividend and a yield of 7.84%. OneMain’s dividend payout ratio (DPR) is currently 98.11%.

Analysts Set New Price Targets

Several brokerages have recently commented on OMF. Royal Bank of Canada raised their target price on OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Compass Point increased their price objective on OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. JMP Securities reiterated a “market outperform” rating and set a $65.00 price objective on shares of OneMain in a report on Monday, February 3rd. Wells Fargo & Company increased their price objective on OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. cut their price objective on OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $58.36.

Insider Buying and Selling at OneMain

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

OneMain Company 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.