OneMain Holdings, Inc. (NYSE:OMF) Holdings Raised by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 88.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 8,982 shares of the financial services provider’s stock after acquiring an additional 4,206 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in OneMain were worth $423,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of OMF. Vanguard Group Inc. raised its position in OneMain by 3.1% during 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 acquiring an additional 373,900 shares in the last quarter. Capital International Investors raised its holdings in shares of OneMain by 10.2% during 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 purchasing an additional 889,387 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of OneMain by 9.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,288,643 shares of the financial services provider’s stock valued at $159,465,000 after purchasing an additional 270,207 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in OneMain by 1.3% in the second quarter. Clearbridge Investments LLC now owns 1,914,355 shares of the financial services provider’s stock worth $92,827,000 after purchasing an additional 24,338 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in OneMain by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 1,169,590 shares of the financial services provider’s stock worth $56,713,000 after purchasing an additional 12,938 shares in the last quarter. 85.82% of the stock is owned by institutional investors and hedge funds.

OneMain Price Performance

NYSE:OMF opened at $55.01 on Friday. The stock has a market cap of $6.57 billion, a P/E ratio of 12.04, a PEG ratio of 0.67 and a beta of 1.54. The company has a fifty day moving average price of $47.54 and a 200 day moving average price of $48.50. OneMain Holdings, Inc. has a one year low of $36.52 and a one year high of $55.40.

OneMain Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Tuesday, November 12th will be paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 7.56%. The ex-dividend date of this dividend is Tuesday, November 12th. OneMain’s payout ratio is presently 91.03%.

Insider Buying and Selling

In other news, SVP Michael A. Hedlund sold 1,992 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 18,955 shares in the company, valued at approximately $985,660. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, SVP Michael A. Hedlund sold 2,400 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $46.00, for a total value of $110,400.00. Following the transaction, the senior vice president now directly owns 25,747 shares of the company’s stock, valued at $1,184,362. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michael A. Hedlund sold 1,992 shares of the business’s stock in a transaction on 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 approximately $985,660. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,792 shares of company stock valued at $2,032,859 over the last three months. 0.45% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

OMF has been the subject of a number of analyst reports. StockNews.com cut OneMain from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Northland Securities boosted their target price on OneMain from $53.00 to $55.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. decreased their target price on OneMain from $56.00 to $51.00 and set an “overweight” rating for the company in a research report on Monday, October 7th. JMP Securities lifted their price target on shares of OneMain from $60.00 to $62.00 and gave the company a “market outperform” rating in a research report on Thursday, October 31st. Finally, Barclays downgraded shares of OneMain from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $52.00 to $46.00 in a report on Tuesday, October 8th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.08.

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.