Townsquare Capital LLC Buys Shares of 8,635 OneMain Holdings, Inc. (NYSE:OMF)

Townsquare Capital LLC purchased a new position in shares of OneMain Holdings, Inc. (NYSE:OMF) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 8,635 shares of the financial services provider’s stock, valued at approximately $450,000.

A number of other hedge funds have also recently modified their holdings of the business. Sterling Capital Management LLC boosted its position in shares of OneMain by 56.7% in the fourth quarter. Sterling Capital Management LLC now owns 6,743 shares of the financial services provider’s stock worth $352,000 after purchasing an additional 2,439 shares during the period. Covestor Ltd boosted its holdings in OneMain by 23.5% in the 4th quarter. Covestor Ltd now owns 3,937 shares of the financial services provider’s stock worth $205,000 after buying an additional 749 shares during the period. Raymond James Financial Inc. purchased a new stake in OneMain in the 4th quarter worth $2,075,000. Abacus FCF Advisors LLC raised its holdings in OneMain by 45.1% during the fourth quarter. Abacus FCF Advisors LLC now owns 11,963 shares of the financial services provider’s stock valued at $624,000 after acquiring an additional 3,720 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of OneMain by 27.9% in the fourth quarter. Renaissance Technologies LLC now owns 167,100 shares of the financial services provider’s stock valued at $8,711,000 after acquiring an additional 36,400 shares in the last quarter. Institutional investors own 85.82% of the company’s stock.

Insider Transactions at OneMain

In other news, SVP Michael A. Hedlund sold 2,808 shares of the firm’s stock in a transaction on 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 owns 15,831 shares in the company, valued at approximately $887,960.79. This trade represents a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.45% of the company’s stock.

OneMain Trading Up 0.6 %

Shares of OMF opened at $44.38 on Monday. The firm has a fifty day moving average price of $49.08 and a 200-day moving average price of $51.72. The firm has a market capitalization of $5.29 billion, a P/E ratio of 10.47, a P/E/G ratio of 0.44 and a beta of 1.35. OneMain Holdings, Inc. has a 12-month low of $38.00 and a 12-month high of $58.90.

OneMain Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Wednesday, February 12th were paid a $1.04 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $4.16 dividend on an annualized basis and a yield of 9.37%. OneMain’s dividend payout ratio is currently 98.11%.

Analysts Set New Price Targets

Several analysts have recently issued reports on OMF shares. Barclays set a $56.00 price objective on OneMain in a report on Friday, March 14th. Evercore ISI initiated coverage on shares of OneMain in a report on Tuesday, March 25th. They issued an “in-line” rating and a $58.00 target price on the stock. Royal Bank of Canada increased their price target on shares of OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Stephens reissued an “overweight” rating and set a $62.00 price objective on shares of OneMain in a research note on Monday, February 3rd. Finally, Wells Fargo & Company raised their price objective on OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $58.17.

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.