Atria Investments Inc Buys 17,457 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Atria Investments Inc raised its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 44.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,920 shares of the financial services provider’s stock after acquiring an additional 17,457 shares during the quarter. Atria Investments Inc’s holdings in OneMain were worth $2,679,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OMF. Clearbridge Investments LLC increased its stake in shares of OneMain by 64.8% during the 1st quarter. Clearbridge Investments LLC now owns 1,890,017 shares of the financial services provider’s stock worth $96,561,000 after purchasing an additional 743,034 shares during the last quarter. Frank Rimerman Advisors LLC acquired a new stake in shares of OneMain during the 2nd quarter worth approximately $608,000. Swedbank AB acquired a new position in shares of OneMain during the 1st quarter worth $817,000. Argent Capital Management LLC grew its holdings in shares of OneMain by 33.6% during the 2nd quarter. Argent Capital Management LLC now owns 672,952 shares of the financial services provider’s stock valued at $32,631,000 after purchasing an additional 169,339 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of OneMain by 13.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,276 shares of the financial services provider’s stock valued at $110,000 after acquiring an additional 271 shares during the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on OMF shares. Barclays lowered OneMain from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $52.00 to $46.00 in a research report on Tuesday, October 8th. Northland Securities boosted their price target on shares of OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. StockNews.com downgraded shares of OneMain from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Stephens assumed coverage on OneMain in a report on Wednesday. They set an “overweight” rating and a $62.00 price target on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on OneMain from $56.00 to $51.00 and set an “overweight” rating for the company in a report on Monday, October 7th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, OneMain has a consensus rating of “Moderate Buy” and an average target price of $55.46.

OneMain Stock Performance

NYSE:OMF opened at $54.76 on Friday. The stock has a fifty day moving average of $48.05 and a 200 day moving average of $48.63. The firm has a market capitalization of $6.54 billion, a price-to-earnings ratio of 11.98, a P/E/G ratio of 0.67 and a beta of 1.54. OneMain Holdings, Inc. has a 52-week low of $37.78 and a 52-week high of $56.28.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.60%. The ex-dividend date is Tuesday, November 12th. OneMain’s dividend payout ratio is currently 91.03%.

Insiders Place Their Bets

In related news, SVP Michael A. Hedlund sold 2,400 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $46.00, for a total value of $110,400.00. Following the completion of the transaction, the senior vice president now directly owns 25,747 shares of the company’s stock, valued at $1,184,362. This represents a 8.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Micah R. Conrad sold 2,500 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $48.00, for a total value of $120,000.00. Following the completion of the sale, the chief operating officer now directly owns 112,025 shares in the company, valued at approximately $5,377,200. The trade was a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,292 shares of company stock valued at $2,307,784 over the last quarter. 0.45% of the stock is owned by corporate insiders.

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.