Swiss National Bank Acquires 10,100 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Swiss National Bank lifted its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 4.5% in the third quarter, Holdings Channel reports. The fund owned 234,000 shares of the financial services provider’s stock after purchasing an additional 10,100 shares during the quarter. Swiss National Bank’s holdings in OneMain were worth $11,014,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. EdgeRock Capital LLC bought a new position in OneMain during the second quarter valued at $31,000. International Assets Investment Management LLC bought a new stake in OneMain in the second quarter worth about $34,000. Blue Trust Inc. boosted its position in shares of OneMain by 43.4% during the second quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock valued at $38,000 after buying an additional 225 shares during the period. Abich Financial Wealth Management LLC grew its stake in shares of OneMain by 46.1% during the first quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock valued at $49,000 after buying an additional 304 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of OneMain by 32.6% in the second quarter. UMB Bank n.a. now owns 1,779 shares of the financial services provider’s stock worth $86,000 after buying an additional 437 shares during the period. 85.82% of the stock is owned by institutional investors.

OneMain Trading Up 1.9 %

Shares of NYSE:OMF opened at $56.60 on Monday. The company has a market capitalization of $6.76 billion, a PE ratio of 12.39, a P/E/G ratio of 0.68 and a beta of 1.54. OneMain Holdings, Inc. has a 12-month low of $37.93 and a 12-month high of $56.85. The business’s fifty day simple moving average is $49.39 and its 200-day simple moving average is $48.76.

OneMain Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were issued a $1.04 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $4.16 dividend on an annualized basis and a yield of 7.35%. OneMain’s dividend payout ratio is presently 91.03%.

Insider Buying and Selling at OneMain

In related news, SVP Michael A. Hedlund sold 2,400 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $46.00, for a total transaction of $110,400.00. Following the completion of the transaction, the senior vice president now owns 25,747 shares in the company, valued at $1,184,362. The trade was a 8.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Micah R. Conrad sold 1,614 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $50.00, for a total transaction of $80,700.00. Following the completion of the sale, the chief operating officer now owns 110,411 shares of the company’s stock, valued at approximately $5,520,550. This trade represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,792 shares of company stock valued at $2,187,784. 0.45% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

OMF has been the topic of several research analyst reports. JMP Securities upped their price objective on OneMain from $60.00 to $62.00 and gave the company a “market outperform” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. reduced their price target on shares of OneMain from $56.00 to $51.00 and set an “overweight” rating on the stock in a research note on Monday, October 7th. Northland Securities boosted their price objective on shares of OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Compass Point raised their target price on shares of OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, StockNews.com lowered OneMain from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $55.46.

OneMain 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.