OneMain Holdings, Inc. (NYSE:OMF) Stake Increased by Sanctuary Advisors LLC

Sanctuary Advisors LLC raised its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 143.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,405 shares of the financial services provider’s stock after acquiring an additional 10,253 shares during the quarter. Sanctuary Advisors LLC’s holdings in OneMain were worth $819,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Continuum Advisory LLC bought a new stake in shares of OneMain in the 3rd quarter valued at approximately $28,000. International Assets Investment Management LLC bought a new stake in OneMain during the second quarter valued at $34,000. Abich Financial Wealth Management LLC raised its holdings in shares of OneMain by 27.4% during the second quarter. Abich Financial Wealth Management LLC now owns 1,227 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 264 shares during the period. Blue Trust Inc. lifted its position in shares of OneMain by 64.1% in the 3rd quarter. Blue Trust Inc. now owns 1,219 shares of the financial services provider’s stock worth $59,000 after buying an additional 476 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of OneMain by 32.6% in the 2nd quarter. UMB Bank n.a. now owns 1,779 shares of the financial services provider’s stock valued at $86,000 after buying an additional 437 shares during the period. 85.82% of the stock is owned by institutional investors and hedge funds.

OneMain Trading Up 0.1 %

NYSE:OMF opened at $51.95 on Tuesday. The company has a 50-day moving average of $53.04 and a 200-day moving average of $49.72. OneMain Holdings, Inc. has a twelve month low of $41.70 and a twelve month high of $57.97. The firm has a market cap of $6.20 billion, a price-to-earnings ratio of 11.37, a price-to-earnings-growth ratio of 0.69 and a beta of 1.56.

OneMain Announces Dividend

The business also recently disclosed 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 8.01%. OneMain’s dividend payout ratio (DPR) is presently 91.03%.

Insider Transactions at OneMain

In other news, CEO Douglas H. Shulman sold 20,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $54.19, for a total transaction of $1,083,800.00. Following the completion of the sale, the chief executive officer now directly owns 392,474 shares of the company’s stock, valued at $21,268,166.06. This represents a 4.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Michael A. Hedlund sold 1,992 shares of OneMain stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total value of $103,584.00. Following the completion of the transaction, the senior vice president now directly owns 18,955 shares in the company, valued at $985,660. This represents a 9.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,492 shares of company stock valued at $1,582,384 in the last three months. 0.45% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on OMF shares. Barclays cut shares of OneMain from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $52.00 to $46.00 in a report on Tuesday, October 8th. Royal Bank of Canada restated an “outperform” rating and set a $58.00 price objective on shares of OneMain in a research report on Wednesday, October 16th. Stephens started coverage on OneMain in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $62.00 target price on the stock. 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 report on Thursday, October 31st. Finally, StockNews.com cut shares of OneMain from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, OneMain currently has a consensus rating of “Moderate Buy” and an average target price of $56.08.

About OneMain

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.