Principal Financial Group Inc. Trims Stake in OneMain Holdings, Inc. (NYSE:OMF)

Principal Financial Group Inc. lessened its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 10.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 721,500 shares of the financial services provider’s stock after selling 83,756 shares during the period. Principal Financial Group Inc.’s holdings in OneMain were worth $37,612,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of OMF. Legend Financial Advisors Inc. purchased a new stake in OneMain in the 4th quarter worth $26,000. FNY Investment Advisers LLC purchased a new stake in OneMain in the 4th quarter worth $26,000. Albion Financial Group UT purchased a new stake in OneMain in the 4th quarter worth $26,000. Continuum Advisory LLC purchased a new stake in OneMain in the 3rd quarter worth $28,000. Finally, Richardson Financial Services Inc. purchased a new stake in OneMain in the 4th quarter worth $44,000. Hedge funds and other institutional investors own 85.82% of the company’s stock.

OneMain Stock Down 3.2 %

Shares of OMF opened at $54.21 on Friday. The company has a market cap of $6.47 billion, a price-to-earnings ratio of 12.79, a price-to-earnings-growth ratio of 0.45 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 50 day moving average of $54.63 and a two-hundred day moving average of $51.41.

OneMain Announces Dividend

The company 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 annualized dividend and a yield of 7.67%. OneMain’s dividend payout ratio (DPR) is 98.11%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Compass Point increased their price target on OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Wells Fargo & Company increased their price target on OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. dropped their price objective on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. JMP Securities reissued a “market outperform” rating and set a $65.00 price objective on shares of OneMain in a report on Monday, February 3rd. Finally, StockNews.com raised shares of OneMain from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $58.36.

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.