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

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

A number of other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake 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 acquiring an additional 270,207 shares during the last quarter. Clearbridge Investments LLC lifted its stake 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 valued at $92,827,000 after acquiring an additional 24,338 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of 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 valued at $56,713,000 after purchasing an additional 12,938 shares during the period. Argent Capital Management LLC raised its position in shares of OneMain by 20.2% in the third quarter. Argent Capital Management LLC now owns 809,176 shares of the financial services provider’s stock valued at $38,088,000 after purchasing an additional 136,224 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of OneMain by 12.1% in the third quarter. Principal Financial Group Inc. now owns 805,256 shares of the financial services provider’s stock valued at $37,903,000 after purchasing an additional 87,084 shares during the period. Institutional investors and hedge funds own 85.82% of the company’s stock.

OneMain Price Performance

OMF opened at $56.97 on Thursday. The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of 12.50, a P/E/G ratio of 0.71 and a beta of 1.54. The firm’s fifty day moving average price is $49.76 and its two-hundred day moving average price is $48.85. OneMain Holdings, Inc. has a 1 year low of $39.25 and a 1 year high of $57.97.

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $4.16 annualized dividend and a yield of 7.30%. OneMain’s payout ratio is currently 91.03%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on OMF shares. StockNews.com lowered shares of OneMain from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Compass Point increased their price objective on shares of OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Barclays lowered shares of OneMain from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $52.00 to $46.00 in a research report on Tuesday, October 8th. JMP Securities increased their price objective 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, Royal Bank of Canada reissued an “outperform” rating and issued a $58.00 price objective on shares of OneMain in a research report on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $55.46.

Insider Activity at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 20,000 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $54.19, for a total transaction of $1,083,800.00. Following the completion of the transaction, the chief executive officer now owns 392,474 shares in the company, valued at $21,268,166.06. This trade represents a 4.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Micah R. Conrad sold 886 shares of the stock in a transaction dated 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. This represents a 0.84 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,178 shares of company stock worth $2,107,084. 0.45% of the stock is owned by company insiders.

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.