Mitsubishi UFJ Trust & Banking Corp Boosts Position in OneMain Holdings, Inc. (NYSE:OMF)

Mitsubishi UFJ Trust & Banking Corp boosted its position in OneMain Holdings, Inc. (NYSE:OMF) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,892 shares of the financial services provider’s stock after purchasing an additional 1,870 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in OneMain were worth $3,018,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on OMF. Wells Fargo & Company boosted their price target on OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. 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 research note on Tuesday, January 14th. StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. Stephens reiterated an “overweight” rating and issued a $62.00 price target on shares of OneMain in a research report on Monday, February 3rd. Finally, Barclays set a $56.00 price objective on shares of OneMain in a research report on Friday, March 14th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $59.17.

Insider Buying and Selling

In other OneMain 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 value of $157,500.72. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.45% of the stock is currently owned by company insiders.

OneMain Trading Up 0.9 %

NYSE:OMF opened at $48.84 on Tuesday. The business’s 50-day moving average is $53.08 and its 200 day moving average is $52.08. OneMain Holdings, Inc. has a 12 month low of $41.70 and a 12 month high of $58.90. The company has a market capitalization of $5.83 billion, a P/E ratio of 11.52, a P/E/G ratio of 0.44 and a beta of 1.62.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Wednesday, February 12th were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.52%. The ex-dividend date was Wednesday, February 12th. OneMain’s dividend payout ratio (DPR) is presently 98.11%.

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.