OneMain Holdings, Inc. (NYSE:OMF) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 70.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,976 shares of the financial services provider’s stock after selling 13,930 shares during the period. Amalgamated Bank’s holdings in OneMain were worth $281,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. EdgeRock Capital LLC acquired a new position in shares of OneMain during the second quarter worth approximately $31,000. International Assets Investment Management LLC acquired a new stake in OneMain in the second quarter worth approximately $34,000. Blue Trust Inc. lifted its position in OneMain by 43.4% in the second quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 225 shares during the period. Abich Financial Wealth Management LLC lifted its position in OneMain by 46.1% in the first quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 304 shares during the period. Finally, UMB Bank n.a. lifted its position 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 purchasing an additional 437 shares during the period. 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 weighed in on OMF shares. 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. Northland Securities upped their target price on OneMain from $53.00 to $55.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. Stephens started 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. JMP Securities upped their target price on OneMain from $60.00 to $62.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 31st. Finally, Barclays cut OneMain from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $52.00 to $46.00 in a report on Tuesday, October 8th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $55.46.

Insider Transactions at OneMain

In related news, COO Micah R. Conrad sold 2,500 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were 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. This represents a 2.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Douglas H. Shulman sold 20,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $54.19, for a total transaction of $1,083,800.00. Following the completion of the sale, the chief executive officer now owns 392,474 shares of the company’s stock, valued at $21,268,166.06. This represents a 4.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,292 shares of company stock valued at $2,307,784. 0.45% of the stock is owned by insiders.

OneMain Trading Up 1.3 %

NYSE OMF opened at $55.49 on Monday. OneMain Holdings, Inc. has a 1-year low of $37.78 and a 1-year high of $56.28. The company has a market capitalization of $6.62 billion, a PE ratio of 12.14, a price-to-earnings-growth ratio of 0.68 and a beta of 1.54. The firm’s fifty day simple moving average is $48.27 and its 200-day simple moving average is $48.62.

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th will be paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.50%. The ex-dividend date of this dividend is Tuesday, November 12th. OneMain’s dividend payout ratio (DPR) 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.