OneMain Holdings, Inc. (NYSE:OMF) Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lifted its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 16.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 19,118 shares of the financial services provider’s stock after acquiring an additional 2,693 shares during the period. Pictet Asset Management Holding SA’s holdings in OneMain were worth $997,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Norges Bank purchased a new position in OneMain in the fourth quarter valued at about $72,936,000. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of OneMain by 3.3% in 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 purchasing an additional 1,870 shares in the last quarter. Barnett & Company Inc. boosted its stake in shares of OneMain by 1.4% during the 4th quarter. Barnett & Company Inc. now owns 127,523 shares of the financial services provider’s stock valued at $6,648,000 after buying an additional 1,700 shares during the last quarter. Vanguard Group Inc. grew its position in shares of OneMain by 0.3% during the fourth 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 in the last quarter. Finally, LPL Financial LLC increased its stake in shares of OneMain by 6.1% in the fourth quarter. LPL Financial LLC now owns 161,836 shares of the financial services provider’s stock worth $8,437,000 after buying an additional 9,245 shares during the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

OneMain Trading Down 8.4 %

Shares of OMF stock opened at $40.99 on Monday. The company has a market capitalization of $4.89 billion, a P/E ratio of 9.67, a P/E/G ratio of 0.44 and a beta of 1.35. OneMain Holdings, Inc. has a 12 month low of $39.55 and a 12 month high of $58.90. The stock has a 50 day moving average of $52.22 and a two-hundred day moving average of $52.05.

OneMain Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders 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 yield of 10.15%. OneMain’s dividend payout ratio is currently 98.11%.

Wall Street Analysts Forecast Growth

OMF has been the topic of a number of recent analyst reports. Evercore ISI assumed coverage on shares of OneMain in a research note on Tuesday, March 25th. They issued an “in-line” rating and a $58.00 target price on the stock. Stephens reaffirmed an “overweight” rating and set a $62.00 target price on shares of OneMain in a report on Monday, February 3rd. Royal Bank of Canada boosted their price target on OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price objective on OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Finally, StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $59.17.

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 shares were sold at an average price of $56.09, for a total transaction of $157,500.72. Following the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.45% of the company’s stock.

OneMain 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.