MML Investors Services LLC Raises Stake in OneMain Holdings, Inc. (NYSE:OMF)

MML Investors Services LLC boosted its stake in OneMain Holdings, Inc. (NYSE:OMF) by 8.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,323 shares of the financial services provider’s stock after acquiring an additional 1,474 shares during the period. MML Investors Services LLC’s holdings in OneMain were worth $862,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in shares of OneMain by 9.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,288,643 shares of the financial services provider’s stock worth $159,465,000 after purchasing an additional 270,207 shares during the period. State Street Corp raised its stake in shares of OneMain by 0.8% in the third quarter. State Street Corp now owns 2,140,861 shares of the financial services provider’s stock valued at $100,770,000 after buying an additional 16,615 shares during the period. Clearbridge Investments LLC lifted its position in shares of OneMain by 1.3% during the 2nd quarter. Clearbridge Investments LLC now owns 1,914,355 shares of the financial services provider’s stock valued at $92,827,000 after buying an additional 24,338 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of OneMain by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,412,436 shares of the financial services provider’s stock worth $66,483,000 after acquiring an additional 30,558 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in OneMain by 1.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,169,590 shares of the financial services provider’s stock worth $56,713,000 after acquiring an additional 12,938 shares during the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on OMF. Wells Fargo & Company upped their price objective on shares of OneMain from $49.00 to $52.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. 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. JPMorgan Chase & Co. increased their price objective on OneMain from $56.00 to $59.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. StockNews.com lowered OneMain from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, JMP Securities increased their price target on shares of OneMain from $60.00 to $62.00 and gave the stock a “market outperform” rating in a report on Thursday, October 31st. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $56.08.

Insider Buying and Selling at OneMain

In other news, CEO Douglas H. Shulman sold 20,000 shares of OneMain stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $54.19, for a total value of $1,083,800.00. Following the transaction, the chief executive officer now owns 392,474 shares in the company, valued at approximately $21,268,166.06. The trade was a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Micah R. Conrad sold 2,500 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $52.00, for a total value of $130,000.00. Following the sale, the chief operating officer now owns 102,239 shares of the company’s stock, valued at $5,316,428. This represents a 2.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,492 shares of company stock worth $1,582,384 over the last ninety days. Insiders own 0.45% of the company’s stock.

OneMain Stock Performance

NYSE OMF opened at $51.91 on Friday. The company has a market capitalization of $6.20 billion, a P/E ratio of 11.36, a P/E/G ratio of 0.69 and a beta of 1.56. OneMain Holdings, Inc. has a 52-week low of $41.70 and a 52-week high of $57.97. The company has a fifty day moving average of $52.92 and a 200-day moving average of $49.66.

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were given a dividend of $1.04 per share. The ex-dividend date was Tuesday, November 12th. This represents a $4.16 annualized dividend and a dividend yield of 8.01%. OneMain’s dividend payout ratio (DPR) is presently 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.