Charles Schwab Investment Management Inc. Purchases 30,558 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Charles Schwab Investment Management Inc. lifted its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 2.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,412,436 shares of the financial services provider’s stock after acquiring an additional 30,558 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.18% of OneMain worth $66,483,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Clearbridge Investments LLC increased its holdings in OneMain by 1.3% in the second quarter. Clearbridge Investments LLC now owns 1,914,355 shares of the financial services provider’s stock worth $92,827,000 after purchasing an additional 24,338 shares in the last quarter. Frank Rimerman Advisors LLC bought a new stake in shares of OneMain in the 2nd quarter valued at $608,000. Swedbank AB acquired a new position in shares of OneMain during the 1st quarter valued at $817,000. Argent Capital Management LLC boosted its stake in OneMain by 33.6% during the second quarter. Argent Capital Management LLC now owns 672,952 shares of the financial services provider’s stock worth $32,631,000 after acquiring an additional 169,339 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in OneMain by 13.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,276 shares of the financial services provider’s stock worth $110,000 after purchasing an additional 271 shares during the period. 85.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other OneMain news, 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 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. This represents a 4.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Micah R. Conrad sold 886 shares of the firm’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 $44,300.00. Following the sale, the chief operating officer now directly owns 104,739 shares of the company’s stock, valued at approximately $5,236,950. This represents a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,178 shares of company stock valued at $2,107,084 over the last three months. Corporate insiders own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

OMF has been the topic of a number of research analyst reports. Stephens began coverage on shares of OneMain in a research report on Wednesday, November 13th. They set an “overweight” rating and a $62.00 price objective on the stock. JPMorgan Chase & Co. cut their price target on OneMain from $56.00 to $51.00 and set an “overweight” rating on the stock in a report on Monday, October 7th. Barclays downgraded OneMain from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $52.00 to $46.00 in a report on Tuesday, October 8th. JMP Securities increased their target price on OneMain from $60.00 to $62.00 and gave the stock a “market outperform” rating in a report on Thursday, October 31st. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, OneMain currently has a consensus rating of “Moderate Buy” and an average price target of $55.46.

OneMain Stock Performance

OneMain stock opened at $56.97 on Friday. OneMain Holdings, Inc. has a fifty-two week low of $39.25 and a fifty-two week high of $57.97. The firm’s 50-day simple moving average is $49.94 and its 200 day simple moving average is $48.91. The stock has a market cap of $6.80 billion, a PE ratio of 12.47, a price-to-earnings-growth ratio of 0.71 and a beta of 1.54.

OneMain Dividend Announcement

The firm 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 of this dividend was Tuesday, November 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.30%. 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.