My Legacy Advisors LLC Makes New $226,000 Investment in OneMain Holdings, Inc. (NYSE:OMF)

My Legacy Advisors LLC bought a new position in OneMain Holdings, Inc. (NYSE:OMF) during the fourth quarter, Holdings Channel reports. The institutional investor bought 4,149 shares of the financial services provider’s stock, valued at approximately $226,000.

Other large investors have also recently bought and sold shares of the company. State Street Corp raised its holdings in shares of OneMain by 0.8% during the third quarter. State Street Corp now owns 2,140,861 shares of the financial services provider’s stock valued at $100,770,000 after buying an additional 16,615 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of OneMain by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,139,793 shares of the financial services provider’s stock valued at $100,935,000 after buying an additional 13,978 shares during the last quarter. Clearbridge Investments LLC raised its holdings in shares of OneMain by 1.3% during the second quarter. Clearbridge Investments LLC now owns 1,914,355 shares of the financial services provider’s stock valued at $92,827,000 after buying an additional 24,338 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of OneMain by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,412,436 shares of the financial services provider’s stock valued at $66,483,000 after buying an additional 30,558 shares during the last quarter. Finally, Basswood Capital Management L.L.C. raised its holdings in shares of OneMain by 12.3% during the third quarter. Basswood Capital Management L.L.C. now owns 1,030,423 shares of the financial services provider’s stock valued at $48,502,000 after buying an additional 113,018 shares during the last quarter. Institutional investors own 85.82% of the company’s stock.

Insider Buying and Selling at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 5,000 shares of OneMain stock in a transaction on Wednesday, October 30th. The shares were 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 owns 412,474 shares of the company’s stock, valued at $21,861,122. This trade represents a 1.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Michael A. Hedlund sold 1,992 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total transaction of $103,584.00. Following the completion of the sale, the senior vice president now owns 18,955 shares of the company’s stock, valued at $985,660. This represents a 9.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,492 shares of company stock valued at $1,582,384 in the last quarter. Company insiders own 0.45% of the company’s stock.

OneMain Stock Down 0.0 %

Shares of NYSE:OMF opened at $54.73 on Monday. The firm has a fifty day moving average of $54.46 and a two-hundred day moving average of $50.32. The firm has a market capitalization of $6.53 billion, a P/E ratio of 11.98, a price-to-earnings-growth ratio of 0.44 and a beta of 1.58. OneMain Holdings, Inc. has a 12-month low of $41.70 and a 12-month high of $57.97.

OneMain Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.60%. The ex-dividend date of this dividend was Tuesday, November 12th. OneMain’s dividend payout ratio (DPR) is currently 91.03%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on OMF shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $62.00 price target on shares of OneMain in a report on Thursday. Barclays lowered shares of OneMain from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $52.00 to $46.00 in a research note on Tuesday, October 8th. JMP Securities raised their price objective on shares of OneMain from $60.00 to $62.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st. Wells Fargo & Company raised their price objective on shares of OneMain from $49.00 to $52.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Finally, StockNews.com lowered shares of OneMain from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $56.31.

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.