OneMain Holdings, Inc. (NYSE:OMF) Shares Acquired by Stephens Inc. AR

Stephens Inc. AR increased its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 30.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,020 shares of the financial services provider’s stock after purchasing an additional 4,959 shares during the quarter. Stephens Inc. AR’s holdings in OneMain were worth $989,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of OMF. Blue Trust Inc. raised its position in 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 during the last quarter. US Bancorp DE raised its holdings in shares of OneMain by 1.8% during the first quarter. US Bancorp DE now owns 14,040 shares of the financial services provider’s stock worth $717,000 after purchasing an additional 245 shares during the last quarter. UMB Bank n.a. boosted its holdings in OneMain by 13.9% in the third quarter. UMB Bank n.a. now owns 2,026 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 247 shares during the last quarter. Abich Financial Wealth Management LLC grew its position in OneMain by 27.4% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,227 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 264 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of OneMain by 13.5% during 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 buying an additional 271 shares during the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Insider Activity at OneMain

In other OneMain news, COO Micah R. Conrad sold 886 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $50.00, for a total value of $44,300.00. Following the transaction, the chief operating officer now directly owns 104,739 shares of the company’s stock, valued at $5,236,950. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, COO Micah R. Conrad sold 2,500 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $45.75, for a total value of $114,375.00. Following the completion of the sale, the chief operating officer now owns 117,025 shares of the company’s stock, valued at approximately $5,353,893.75. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Micah R. Conrad sold 886 shares of OneMain stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $50.00, for a total transaction of $44,300.00. Following the transaction, the chief operating officer now directly owns 104,739 shares in the company, valued at $5,236,950. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,792 shares of company stock valued at $2,032,859. Corporate insiders own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on OMF. Royal Bank of Canada reaffirmed an “outperform” rating and set a $58.00 target price on shares of OneMain in a report on Wednesday, October 16th. Barclays cut shares of OneMain from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $52.00 to $46.00 in a research note on Tuesday, October 8th. Northland Securities boosted their target price 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. JPMorgan Chase & Co. dropped their price target on shares of OneMain from $56.00 to $51.00 and set an “overweight” rating on the stock in a research report on Monday, October 7th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.08.

OneMain Stock Performance

NYSE OMF opened at $51.18 on Wednesday. OneMain Holdings, Inc. has a one year low of $36.52 and a one year high of $54.94. The business has a fifty day moving average price of $47.22 and a 200 day moving average price of $48.39. The company has a market cap of $6.11 billion, a P/E ratio of 11.20, a P/E/G ratio of 0.61 and a beta of 1.54.

OneMain Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Tuesday, November 12th will be given a dividend of $1.04 per share. The ex-dividend date is Tuesday, November 12th. This represents a $4.16 dividend on an annualized basis and a yield of 8.13%. OneMain’s payout ratio is presently 91.03%.

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.