Orion Portfolio Solutions LLC Has $500,000 Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Orion Portfolio Solutions LLC boosted its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 65.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,621 shares of the financial services provider’s stock after purchasing an additional 4,188 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in OneMain were worth $500,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of OMF. SG Americas Securities LLC acquired a new position in OneMain during the 2nd quarter valued at $377,000. Wealth Enhancement Advisory Services LLC increased its holdings in 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 buying an additional 337 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in OneMain in the 2nd quarter valued at $203,000. Blue Trust Inc. increased its holdings in OneMain by 43.4% in the 2nd quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock valued at $38,000 after buying an additional 225 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in OneMain by 9.4% in the 2nd 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 during the period. 85.82% of the stock is currently owned by institutional investors and hedge funds.

OneMain Stock Down 3.5 %

OMF stock opened at $53.78 on Wednesday. The company has a market cap of $6.42 billion, a P/E ratio of 11.77, a PEG ratio of 0.69 and a beta of 1.56. OneMain Holdings, Inc. has a twelve month low of $41.70 and a twelve month high of $57.97. The business has a fifty day moving average of $52.43 and a 200-day moving average of $49.58.

OneMain Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were given a dividend of $1.04 per share. The ex-dividend date was Tuesday, November 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.74%. OneMain’s payout ratio is currently 91.03%.

Insider Transactions at OneMain

In related news, COO Micah R. Conrad sold 2,500 shares of OneMain stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total transaction of $130,000.00. Following the completion of the sale, the chief operating officer now directly owns 102,239 shares of the company’s stock, valued at $5,316,428. The trade was a 2.39 % 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, CEO Douglas H. Shulman sold 20,000 shares of OneMain 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 directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,778 shares of company stock worth $1,996,684 over the last 90 days. 0.45% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. StockNews.com lowered shares of OneMain from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Stephens initiated coverage on shares of OneMain in a report on Wednesday, November 13th. They issued an “overweight” rating and a $62.00 price target on the stock. JMP Securities increased their target price on shares of OneMain from $60.00 to $62.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 31st. Wells Fargo & Company boosted their price target on shares of OneMain from $49.00 to $52.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $58.00 target price on shares of OneMain in a research note on Wednesday, October 16th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, OneMain currently has an average rating of “Moderate Buy” and an average price target of $56.08.

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.