1,399,114 Shares in OneMain Holdings, Inc. (NYSE:OMF) Purchased by Norges Bank

Norges Bank acquired a new stake in OneMain Holdings, Inc. (NYSE:OMF) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,399,114 shares of the financial services provider’s stock, valued at approximately $72,936,000. Norges Bank owned about 1.17% of OneMain as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of OMF. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of OneMain by 3.3% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 57,892 shares of the financial services provider’s stock valued at $3,018,000 after acquiring an additional 1,870 shares in the last quarter. Barnett & Company Inc. increased its stake in OneMain by 1.4% during the fourth quarter. Barnett & Company Inc. now owns 127,523 shares of the financial services provider’s stock valued at $6,648,000 after purchasing an additional 1,700 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of OneMain by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 11,889,113 shares of the financial services provider’s stock worth $619,779,000 after buying an additional 40,042 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of OneMain by 6.1% in the 4th quarter. LPL Financial LLC now owns 161,836 shares of the financial services provider’s stock valued at $8,437,000 after buying an additional 9,245 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of OneMain during the 4th quarter valued at about $1,288,000. Institutional investors and hedge funds own 85.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. JMP Securities restated a “market outperform” rating and issued a $65.00 target price on shares of OneMain in a research note on Monday, February 3rd. Evercore ISI initiated coverage on OneMain in a report on Tuesday, March 25th. They issued an “in-line” rating and a $58.00 price target on the stock. Barclays set a $56.00 price objective on OneMain in a research note on Friday, March 14th. Stephens reiterated an “overweight” rating and issued a $62.00 target price on shares of OneMain in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. lowered their price target on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, OneMain has a consensus rating of “Moderate Buy” and a consensus price target of $59.17.

OneMain Price Performance

OneMain stock opened at $50.54 on Thursday. OneMain Holdings, Inc. has a 12-month low of $41.70 and a 12-month high of $58.90. The stock has a market capitalization of $6.03 billion, a PE ratio of 11.92, a price-to-earnings-growth ratio of 0.44 and a beta of 1.35. The firm has a 50 day simple moving average of $52.82 and a 200-day simple moving average of $52.09.

OneMain Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 8.23%. The ex-dividend date was Wednesday, February 12th. OneMain’s dividend payout ratio (DPR) is presently 98.11%.

Insider Transactions at OneMain

In related 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 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. The trade was a 15.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company 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.