Aviance Capital Partners LLC Buys 614 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Aviance Capital Partners LLC raised its stake in OneMain Holdings, Inc. (NYSE:OMF) by 2.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,031 shares of the financial services provider’s stock after purchasing an additional 614 shares during the quarter. Aviance Capital Partners LLC’s holdings in OneMain were worth $1,366,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in OMF. Vanguard Group Inc. grew its stake in shares of OneMain by 3.1% in the first quarter. Vanguard Group Inc. now owns 12,317,755 shares of the financial services provider’s stock valued at $629,314,000 after buying an additional 373,900 shares in the last quarter. Capital International Investors grew its position in shares of OneMain by 10.2% in the 1st quarter. Capital International Investors now owns 9,570,103 shares of the financial services provider’s stock valued at $488,937,000 after acquiring an additional 889,387 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of OneMain by 9.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,288,643 shares of the financial services provider’s stock worth $159,465,000 after purchasing an additional 270,207 shares during the last quarter. Clearbridge Investments LLC raised its holdings in shares of OneMain by 1.3% in the 2nd quarter. Clearbridge Investments LLC now owns 1,914,355 shares of the financial services provider’s stock valued at $92,827,000 after purchasing an additional 24,338 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in OneMain by 1.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,169,590 shares of the financial services provider’s stock valued at $56,713,000 after purchasing an additional 12,938 shares during the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

Insider Buying and Selling

In other OneMain news, CEO Douglas H. Shulman sold 20,000 shares of the firm’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 sale, the chief executive officer now owns 392,474 shares of the company’s stock, valued at approximately $21,268,166.06. This trade represents a 4.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Micah R. Conrad sold 2,500 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $48.00, for a total value of $120,000.00. Following the sale, the chief operating officer now owns 112,025 shares of the company’s stock, valued at approximately $5,377,200. This represents a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,292 shares of company stock worth $2,307,784. Company insiders own 0.45% of the company’s stock.

OneMain Trading Down 0.8 %

NYSE OMF opened at $55.05 on Tuesday. The company has a market cap of $6.57 billion, a price-to-earnings ratio of 12.05, a PEG ratio of 0.68 and a beta of 1.54. OneMain Holdings, Inc. has a 1-year low of $37.78 and a 1-year high of $56.28. The company has a 50 day moving average of $48.27 and a 200-day moving average of $48.62.

OneMain Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 7.56%. The ex-dividend date was Tuesday, November 12th. OneMain’s dividend payout ratio (DPR) is currently 91.03%.

Wall Street Analysts Forecast Growth

OMF has been the topic of several research analyst reports. JMP Securities upped their price objective on OneMain from $60.00 to $62.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st. Royal Bank of Canada restated an “outperform” rating and issued a $58.00 price target on shares of OneMain in a research note on Wednesday, October 16th. Wells Fargo & Company raised their price target on OneMain from $49.00 to $52.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. decreased their price objective on shares of OneMain from $56.00 to $51.00 and set an “overweight” rating on the stock in a report on Monday, October 7th. Finally, Northland Securities raised their target price on shares of OneMain from $53.00 to $55.00 and gave the stock 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.46.

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.