3,912 Shares in OneMain Holdings, Inc. (NYSE:OMF) Purchased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB acquired a new stake in shares of OneMain Holdings, Inc. (NYSE:OMF) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,912 shares of the financial services provider’s stock, valued at approximately $184,000.

Other large investors also recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in OneMain in the 2nd quarter valued at $377,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of OneMain by 7.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,776 shares of the financial services provider’s stock valued at $232,000 after purchasing an additional 337 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in shares of OneMain in the 2nd quarter worth about $203,000. Blue Trust Inc. lifted its holdings in OneMain by 43.4% during the 2nd quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 225 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in OneMain by 9.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 39,969 shares of the financial services provider’s stock valued at $1,938,000 after buying an additional 3,433 shares in the last quarter. 85.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on OMF. Stephens assumed coverage on shares of OneMain in a report on Wednesday, November 13th. They set an “overweight” rating and a $62.00 price objective for the company. StockNews.com downgraded OneMain from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. 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. Compass Point raised their target price on OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. increased their price objective on shares of OneMain from $56.00 to $59.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $56.08.

OneMain Trading Down 4.4 %

Shares of NYSE OMF opened at $51.42 on Thursday. OneMain Holdings, Inc. has a 1 year low of $41.70 and a 1 year high of $57.97. The firm’s 50-day moving average is $52.59 and its 200-day moving average is $49.62. The firm has a market capitalization of $6.14 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 0.69 and a beta of 1.56.

OneMain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders 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 yield of 8.09%. OneMain’s payout ratio is presently 91.03%.

Insider Buying and Selling at OneMain

In related news, CEO Douglas H. Shulman sold 5,000 shares of OneMain stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $53.00, for a total transaction of $265,000.00. Following the completion of the sale, the chief executive officer now directly owns 412,474 shares of the company’s stock, valued at $21,861,122. The trade was a 1.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Micah R. Conrad sold 2,500 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $52.00, for a total value of $130,000.00. Following the completion of the transaction, the chief operating officer now directly owns 102,239 shares in the company, valued at $5,316,428. The trade was a 2.39 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,492 shares of company stock worth $1,582,384. Insiders own 0.45% of the company’s stock.

OneMain 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.