International Assets Investment Management LLC Has $1.54 Million Stock Holdings in OneMain Holdings, Inc. (NYSE:OMF)

International Assets Investment Management LLC grew its stake in OneMain Holdings, Inc. (NYSE:OMF) by 4,607.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,714 shares of the financial services provider’s stock after purchasing an additional 32,019 shares during the quarter. International Assets Investment Management LLC’s holdings in OneMain were worth $1,540,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. EdgeRock Capital LLC bought a new stake in shares of OneMain in the 2nd quarter valued at about $31,000. Blue Trust Inc. boosted its holdings in shares of OneMain by 43.4% in the second quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock valued at $38,000 after buying an additional 225 shares during the period. Abich Financial Wealth Management LLC increased its position in shares of OneMain by 46.1% during the first quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 304 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of OneMain by 32.6% during the second quarter. UMB Bank n.a. now owns 1,779 shares of the financial services provider’s stock worth $86,000 after acquiring an additional 437 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in OneMain by 13.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,276 shares of the financial services provider’s stock valued at $110,000 after acquiring an additional 271 shares in the last quarter. 85.82% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at OneMain

In related news, COO Micah R. Conrad sold 2,500 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $45.75, for a total transaction of $114,375.00. Following the sale, the chief operating officer now owns 117,025 shares of the company’s stock, valued at $5,353,893.75. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Douglas H. Shulman sold 15,000 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $46.30, for a total transaction of $694,500.00. Following the sale, the chief executive officer now owns 422,474 shares in the company, valued at approximately $19,560,546.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Micah R. Conrad sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $45.75, for a total transaction of $114,375.00. Following the transaction, the chief operating officer now owns 117,025 shares of the company’s stock, valued at approximately $5,353,893.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,792 shares of company stock valued at $2,032,859. 0.45% of the stock is currently owned by company insiders.

OneMain Stock Performance

Shares of OMF stock opened at $49.78 on Monday. OneMain Holdings, Inc. has a 52 week low of $36.52 and a 52 week high of $54.94. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 0.61 and a beta of 1.54. The company has a 50-day simple moving average of $47.15 and a 200 day simple moving average of $48.35.

OneMain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th will be paid a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 8.36%. The ex-dividend date is Tuesday, November 12th. OneMain’s dividend payout ratio (DPR) is 91.03%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on OMF shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $58.00 price objective on shares of OneMain in a research report on Wednesday, October 16th. Northland Securities boosted their price objective on shares of OneMain from $53.00 to $55.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. JMP Securities raised their target price on shares of OneMain from $60.00 to $62.00 and gave the company a “market outperform” rating in a research report on Thursday. StockNews.com cut OneMain from a “buy” rating to a “hold” rating in a report on Saturday, October 26th. Finally, Barclays lowered OneMain from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $52.00 to $46.00 in a report on Tuesday, October 8th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, OneMain currently has an average rating of “Moderate Buy” and a consensus target price of $55.08.

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.