OneMain Holdings, Inc. (NYSE:OMF) Position Boosted by State Street Corp

State Street Corp raised its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 0.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,140,861 shares of the financial services provider’s stock after acquiring an additional 16,615 shares during the period. State Street Corp’s holdings in OneMain were worth $100,770,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. EdgeRock Capital LLC acquired a new stake in OneMain in the second quarter worth about $31,000. International Assets Investment Management LLC bought a new stake in shares of OneMain during the 2nd quarter worth about $34,000. Blue Trust Inc. raised its position in shares of OneMain by 43.4% during the 2nd quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock worth $38,000 after buying an additional 225 shares in the last quarter. Abich Financial Wealth Management LLC lifted its stake in shares of OneMain by 27.4% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,227 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 264 shares during the period. Finally, UMB Bank n.a. boosted 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 valued at $86,000 after acquiring an additional 437 shares in the last quarter. Institutional investors own 85.82% of the company’s stock.

Insider Activity at OneMain

In other news, CEO Douglas H. Shulman sold 20,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $54.19, for a total transaction of $1,083,800.00. Following the transaction, the chief executive officer now directly owns 392,474 shares in the company, valued at $21,268,166.06. The trade was a 4.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Micah R. Conrad sold 886 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $50.00, for a total value of $44,300.00. Following the sale, the chief operating officer now owns 104,739 shares of the company’s stock, valued at approximately $5,236,950. This represents a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,778 shares of company stock valued at $1,996,684. Company insiders own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wells Fargo & Company upped their target price on OneMain from $49.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Compass Point upped their price objective on OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, October 31st. StockNews.com lowered OneMain from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Royal Bank of Canada reiterated an “outperform” rating and issued a $58.00 price target on shares of OneMain in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. raised their price objective on shares of OneMain from $56.00 to $59.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $56.08.

OneMain Stock Performance

OneMain stock opened at $55.68 on Monday. The company has a 50 day moving average price of $52.25 and a 200 day moving average price of $49.53. OneMain Holdings, Inc. has a 52 week low of $41.70 and a 52 week high of $57.97. The firm has a market capitalization of $6.65 billion, a price-to-earnings ratio of 12.18, a P/E/G ratio of 0.69 and a beta of 1.56.

OneMain Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were issued a dividend of $1.04 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.47%. OneMain’s dividend payout ratio is 91.03%.

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.