Thoroughbred Financial Services LLC Has $309,000 Position in OneMain Holdings, Inc. (NYSE:OMF)

Thoroughbred Financial Services LLC grew its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 16.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,943 shares of the financial services provider’s stock after acquiring an additional 843 shares during the period. Thoroughbred Financial Services LLC’s holdings in OneMain were worth $309,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Legend Financial Advisors Inc. acquired a new position in OneMain in the fourth quarter worth about $26,000. FNY Investment Advisers LLC acquired a new position in shares of OneMain in the 4th quarter worth approximately $26,000. Albion Financial Group UT bought a new position in shares of OneMain during the 4th quarter worth approximately $26,000. Continuum Advisory LLC bought a new position in shares of OneMain during the 3rd quarter worth approximately $28,000. Finally, IFP Advisors Inc boosted its stake in OneMain by 180.0% in the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider’s stock valued at $40,000 after buying an additional 495 shares in the last quarter. 85.82% of the stock is owned by institutional investors.

Insider Activity at OneMain

In other news, SVP Michael A. Hedlund sold 2,808 shares of OneMain stock in a transaction on Friday, February 21st. The shares were sold at an average price of $56.09, for a total transaction of $157,500.72. Following the transaction, the senior vice president now directly 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 document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.45% of the company’s stock.

OneMain Trading Down 8.4 %

NYSE:OMF opened at $40.99 on Monday. The firm has a market capitalization of $4.89 billion, a price-to-earnings ratio of 9.67, a PEG ratio of 0.44 and a beta of 1.35. OneMain Holdings, Inc. has a 1-year low of $39.40 and a 1-year high of $58.90. The business’s 50-day moving average price is $52.22 and its two-hundred day moving average price is $52.05.

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Wednesday, February 12th were paid 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 payout ratio is 98.11%.

Wall Street Analyst Weigh In

OMF has been the subject of a number of analyst reports. Stephens reissued an “overweight” rating and set a $62.00 price objective on shares of OneMain in a report on Monday, February 3rd. Royal Bank of Canada boosted their price target on shares of OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. JMP Securities reaffirmed a “market outperform” rating and set a $65.00 price objective on shares of OneMain in a report on Monday, February 3rd. Barclays set a $56.00 target price on OneMain in a report on Friday, March 14th. Finally, Wells Fargo & Company increased their target price on OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, OneMain has a consensus rating of “Moderate Buy” and an average target price of $59.17.

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.