Independent Advisor Alliance Raises Stock Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Independent Advisor Alliance raised its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 6.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,158 shares of the financial services provider’s stock after buying an additional 669 shares during the period. Independent Advisor Alliance’s holdings in OneMain were worth $525,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in OMF. EdgeRock Capital LLC bought a new stake in shares of OneMain in the second quarter worth about $31,000. International Assets Investment Management LLC purchased a new stake in OneMain in the 2nd quarter worth approximately $34,000. Blue Trust Inc. increased its stake 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 raised its holdings 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 acquiring an additional 304 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in 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 acquiring an additional 437 shares during the period. Institutional investors own 85.82% of the company’s stock.

OneMain Price Performance

Shares of OneMain stock opened at $56.97 on Thursday. OneMain Holdings, Inc. has a 1 year low of $39.25 and a 1 year high of $57.97. The firm’s 50-day moving average is $49.76 and its 200 day moving average is $48.85. The stock has a market cap of $6.80 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 0.71 and a beta of 1.54.

OneMain Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were paid a $1.04 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $4.16 annualized dividend and a dividend yield of 7.30%. OneMain’s dividend payout ratio is presently 91.03%.

Wall Street Analyst Weigh In

OMF has been the topic of a number of research analyst reports. Barclays downgraded shares of OneMain from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $52.00 to $46.00 in a research report on Tuesday, October 8th. 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 research note on Thursday, October 31st. Wells Fargo & Company lifted their price objective on OneMain from $49.00 to $52.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Stephens initiated coverage on OneMain in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $62.00 target price for the company. Finally, JPMorgan Chase & Co. dropped their price target on OneMain from $56.00 to $51.00 and set an “overweight” rating on the stock in a research report on Monday, October 7th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $55.46.

Insider Activity

In other news, CEO Douglas H. Shulman sold 20,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 392,474 shares in the company, valued at $21,268,166.06. The trade was a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Michael A. Hedlund sold 2,400 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $50.00, for a total value of $120,000.00. Following the transaction, the senior vice president now directly owns 20,947 shares in the company, valued at approximately $1,047,350. The trade was a 10.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,178 shares of company stock worth $2,107,084 over the last 90 days. 0.45% of the stock is currently 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.