Fortress Financial Group LLC Purchases Shares of 4,607 OneMain Holdings, Inc. (NYSE:OMF)

Fortress Financial Group LLC acquired a new position in OneMain Holdings, Inc. (NYSE:OMF) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,607 shares of the financial services provider’s stock, valued at approximately $240,000.

A number of other large investors also recently modified their holdings of the business. Blue Trust Inc. boosted its holdings in shares of OneMain by 64.1% in the 3rd quarter. Blue Trust Inc. now owns 1,219 shares of the financial services provider’s stock valued at $59,000 after buying an additional 476 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of OneMain by 4,607.1% in the third quarter. International Assets Investment Management LLC now owns 32,714 shares of the financial services provider’s stock valued at $1,540,000 after purchasing an additional 32,019 shares during the last quarter. PFG Investments LLC bought a new position in OneMain during the 3rd quarter worth $256,000. Wealth Enhancement Advisory Services LLC increased its position in OneMain by 88.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 8,982 shares of the financial services provider’s stock worth $423,000 after acquiring an additional 4,206 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its position in shares of OneMain by 26.1% in the third quarter. DekaBank Deutsche Girozentrale now owns 6,287 shares of the financial services provider’s stock valued at $293,000 after buying an additional 1,302 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on OMF. JMP Securities reaffirmed a “market outperform” rating and issued a $65.00 price target on shares of OneMain in a research note on Monday, February 3rd. 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 report on Tuesday, January 21st. JPMorgan Chase & Co. cut their price target on OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Royal Bank of Canada boosted their target price on shares of OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Finally, Stephens reaffirmed an “overweight” rating and set a $62.00 price target on shares of OneMain in a research note on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, OneMain presently has an average rating of “Moderate Buy” and an average price target of $58.36.

Insiders Place Their Bets

In other news, SVP Michael A. Hedlund sold 2,808 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president now 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 through this link. 0.45% of the stock is currently owned by corporate insiders.

OneMain Stock Down 0.3 %

OMF opened at $52.89 on Friday. The stock has a market cap of $6.31 billion, a PE ratio of 12.47, a price-to-earnings-growth ratio of 0.44 and a beta of 1.59. OneMain Holdings, Inc. has a twelve month low of $41.70 and a twelve month high of $58.90. The company has a fifty day moving average of $54.59 and a 200-day moving average of $51.61.

OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors 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 annualized dividend and a yield of 7.87%. OneMain’s dividend 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.