OneMain Holdings, Inc. (NYSE:OMF) Position Boosted by Sanctuary Advisors LLC

Sanctuary Advisors LLC lifted its stake in OneMain Holdings, Inc. (NYSE:OMF) by 143.4% in the third quarter, Holdings Channel.com reports. The firm 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 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in OMF. TCW Group Inc. lifted its position in OneMain by 23.7% in the 3rd quarter. TCW Group Inc. now owns 55,999 shares of the financial services provider’s stock worth $2,636,000 after buying an additional 10,744 shares in 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 worth $100,935,000 after acquiring an additional 13,978 shares in the last quarter. Barclays PLC grew its stake in OneMain by 22.0% in the third quarter. Barclays PLC now owns 100,831 shares of the financial services provider’s stock valued at $4,747,000 after purchasing an additional 18,190 shares in the last quarter. Continuum Advisory LLC acquired a new position in OneMain in the 3rd quarter worth about $28,000. Finally, Y Intercept Hong Kong Ltd lifted its holdings in shares of OneMain by 9.8% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 31,184 shares of the financial services provider’s stock valued at $1,468,000 after buying an additional 2,776 shares during the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

OneMain Trading Up 0.1 %

Shares of NYSE OMF opened at $51.95 on Tuesday. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 0.69 and a beta of 1.56. OneMain Holdings, Inc. has a one year low of $41.70 and a one year high of $57.97. The business has a fifty day simple moving average of $53.04 and a 200 day simple moving average of $49.72.

OneMain Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.01%. The ex-dividend date was Tuesday, November 12th. OneMain’s payout ratio is 91.03%.

Insider Activity

In related news, SVP Michael A. Hedlund sold 1,992 shares of the firm’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 completion of the transaction, the senior vice president now owns 18,955 shares in the company, valued at $985,660. This trade represents a 9.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas H. Shulman sold 5,000 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $53.00, for a total value of $265,000.00. Following the completion of the sale, the chief executive officer now owns 412,474 shares in the company, valued at $21,861,122. This trade represents a 1.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,492 shares of company stock worth $1,582,384. Corporate insiders own 0.45% of the company’s stock.

Wall Street Analyst Weigh In

OMF has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price objective on OneMain from $56.00 to $59.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. StockNews.com lowered shares of OneMain from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Barclays downgraded shares of OneMain from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $52.00 to $46.00 in a research report on Tuesday, October 8th. Stephens started coverage on OneMain in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $62.00 price target for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $58.00 price objective on shares of OneMain in a report on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, OneMain currently has an average rating of “Moderate Buy” and a consensus target price of $56.08.

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.