Cookson Peirce & Co. Inc. Has $492,000 Stock Position in OneMain Holdings, Inc. (NYSE:OMF)

Cookson Peirce & Co. Inc. boosted its stake in OneMain Holdings, Inc. (NYSE:OMF) by 13.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 9,444 shares of the financial services provider’s stock after buying an additional 1,092 shares during the period. Cookson Peirce & Co. Inc.’s holdings in OneMain were worth $492,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of OMF. Janus Henderson Group PLC grew its position in shares of OneMain by 69.0% during the 3rd quarter. Janus Henderson Group PLC now owns 772,864 shares of the financial services provider’s stock worth $36,377,000 after purchasing an additional 315,640 shares in the last quarter. Basswood Capital Management L.L.C. grew its position in shares of OneMain by 12.3% during the 3rd quarter. Basswood Capital Management L.L.C. now owns 1,030,423 shares of the financial services provider’s stock worth $48,502,000 after purchasing an additional 113,018 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of OneMain by 12.1% during the 3rd quarter. Principal Financial Group Inc. now owns 805,256 shares of the financial services provider’s stock worth $37,903,000 after purchasing an additional 87,084 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of OneMain during the 3rd quarter worth approximately $2,565,000. Finally, Wellington Management Group LLP boosted its position in shares of OneMain by 12.0% during the 3rd quarter. Wellington Management Group LLP now owns 453,708 shares of the financial services provider’s stock worth $21,356,000 after acquiring an additional 48,790 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Royal Bank of Canada increased their price target on shares of OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Stephens reiterated an “overweight” rating and set a $62.00 price target on shares of OneMain in a research report on Monday, February 3rd. Finally, JMP Securities reiterated a “market outperform” rating and set a $65.00 price target on shares of OneMain in a research report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, OneMain currently has an average rating of “Moderate Buy” and a consensus price target of $58.36.

Insider Activity

In other news, SVP Michael A. Hedlund sold 2,808 shares of the firm’s 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 completion of the transaction, the senior vice president now owns 15,831 shares of the company’s stock, valued at approximately $887,960.79. This trade represents 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 accessible through the SEC website. Insiders own 0.45% of the company’s stock.

OneMain Price Performance

Shares of NYSE:OMF opened at $50.22 on Thursday. The company has a market cap of $5.99 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 0.44 and a beta of 1.62. The firm has a 50 day simple moving average of $54.59 and a 200 day simple moving average of $51.83. OneMain Holdings, Inc. has a one year low of $41.70 and a one year high of $58.90.

OneMain Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 8.28%. The ex-dividend date of this dividend was Wednesday, February 12th. OneMain’s payout ratio is currently 98.11%.

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.