Victory Capital Management Inc. Has $957,000 Position in OneMain Holdings, Inc. (NYSE:OMF)

Victory Capital Management Inc. cut its position in OneMain Holdings, Inc. (NYSE:OMF) by 46.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,338 shares of the financial services provider’s stock after selling 17,661 shares during the period. Victory Capital Management Inc.’s holdings in OneMain were worth $957,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OMF. Principal Financial Group Inc. boosted its position in OneMain by 7,566.2% in the second quarter. Principal Financial Group Inc. now owns 718,172 shares of the financial services provider’s stock valued at $34,824,000 after buying an additional 708,804 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in OneMain in the third quarter valued at about $17,016,000. Dimensional Fund Advisors LP boosted its position in OneMain by 9.0% in the second quarter. Dimensional Fund Advisors LP now owns 3,288,643 shares of the financial services provider’s stock valued at $159,465,000 after buying an additional 270,207 shares in the last quarter. Argent Capital Management LLC boosted its position in OneMain by 33.6% in the second quarter. Argent Capital Management LLC now owns 672,952 shares of the financial services provider’s stock valued at $32,631,000 after buying an additional 169,339 shares in the last quarter. Finally, Lodge Hill Capital LLC acquired a new position in OneMain in the second quarter valued at about $6,789,000. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at OneMain

In other news, CEO Douglas H. Shulman sold 5,000 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $50.00, for a total transaction of $250,000.00. Following the completion of the sale, the chief executive officer now owns 417,474 shares of the company’s stock, valued at $20,873,700. This represents a 1.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Micah R. Conrad sold 886 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $50.00, for a total transaction of $44,300.00. Following the transaction, the chief operating officer now owns 104,739 shares of the company’s stock, valued at $5,236,950. The trade was a 0.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,178 shares of company stock valued at $2,107,084 over the last quarter. Corporate insiders own 0.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on OMF. JPMorgan Chase & Co. reduced their target price on shares of OneMain from $56.00 to $51.00 and set an “overweight” rating on the stock in a research report on Monday, October 7th. StockNews.com lowered shares of OneMain from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $58.00 target price on shares of OneMain in a research report on Wednesday, October 16th. Barclays lowered shares of OneMain from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $52.00 to $46.00 in a research report on Tuesday, October 8th. Finally, Stephens began coverage on shares of OneMain in a research report on Wednesday, November 13th. They set an “overweight” rating and a $62.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $55.46.

OneMain Stock Performance

Shares of NYSE:OMF opened at $56.97 on Thursday. OneMain Holdings, Inc. has a 52 week low of $39.25 and a 52 week high of $57.97. The company has a market capitalization of $6.80 billion, a PE ratio of 12.50, a PEG ratio of 0.71 and a beta of 1.54. The company has a 50 day moving average price of $49.76 and a two-hundred day moving average price of $48.85.

OneMain Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were paid a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 7.30%. The ex-dividend date of this dividend was Tuesday, November 12th. OneMain’s payout ratio is presently 91.03%.

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.