Sage Investment Counsel LLC Takes $668,000 Position in OneMain Holdings, Inc. (NYSE:OMF)

Sage Investment Counsel LLC purchased a new stake in shares of OneMain Holdings, Inc. (NYSE:OMF) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,822 shares of the financial services provider’s stock, valued at approximately $668,000.

A number of other large investors have also made changes to their positions in OMF. Blue Trust Inc. raised its holdings in shares of OneMain by 64.1% during the third quarter. Blue Trust Inc. now owns 1,219 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 476 shares during the period. International Assets Investment Management LLC increased its stake in OneMain by 4,607.1% in the 3rd quarter. International Assets Investment Management LLC now owns 32,714 shares of the financial services provider’s stock valued at $1,540,000 after buying an additional 32,019 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in OneMain by 88.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 8,982 shares of the financial services provider’s stock valued at $423,000 after buying an additional 4,206 shares during the period. DekaBank Deutsche Girozentrale increased its stake in OneMain by 26.1% in the 3rd 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 during the period. Finally, Stephens Inc. AR increased its stake in OneMain by 30.9% in the 3rd quarter. Stephens Inc. AR now owns 21,020 shares of the financial services provider’s stock valued at $989,000 after buying an additional 4,959 shares during the period. Institutional investors and hedge funds own 85.82% of the company’s stock.

OneMain Trading Up 1.5 %

NYSE OMF opened at $53.69 on Friday. The company has a fifty day simple moving average of $54.62 and a 200 day simple moving average of $51.62. The company has a market cap of $6.41 billion, a P/E ratio of 12.66, a P/E/G ratio of 0.44 and a beta of 1.59. OneMain Holdings, Inc. has a 1 year low of $41.70 and a 1 year high of $58.90.

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Wednesday, February 12th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 7.75%. The ex-dividend date was Wednesday, February 12th. OneMain’s dividend payout ratio is currently 98.11%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on OMF shares. JMP Securities reiterated a “market outperform” rating and issued a $65.00 price objective on shares of OneMain in a research note on Monday, February 3rd. Wells Fargo & Company upped their price objective on shares of OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. Stephens reiterated an “overweight” rating and issued a $62.00 price objective on shares of OneMain in a research note on Monday, February 3rd. StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. Finally, JPMorgan Chase & Co. dropped their price target on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $58.36.

Insider Buying and Selling

In related news, SVP Michael A. Hedlund sold 2,808 shares of the company’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 sale, the senior vice president now directly owns 15,831 shares of the company’s stock, valued at approximately $887,960.79. This represents a 15.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.45% of the stock is owned by insiders.

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.