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

Wealth Enhancement Advisory Services LLC raised its stake in OneMain Holdings, Inc. (NYSE:OMF) by 88.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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.

Several other institutional investors also recently made changes to their positions in OMF. PFG Investments LLC acquired a new position in shares of OneMain during the third quarter valued at $256,000. Assenagon Asset Management S.A. bought a new stake in OneMain in the 3rd quarter valued at about $17,016,000. Argent Capital Management LLC boosted its stake in OneMain by 20.2% during the 3rd 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. International Assets Investment Management LLC grew its position in OneMain by 4,607.1% in the 3rd quarter. International Assets Investment Management LLC now owns 32,714 shares of the financial services provider’s stock worth $1,540,000 after purchasing an additional 32,019 shares during the last quarter. Finally, Lecap Asset Management Ltd. acquired a new stake in shares of OneMain in the third quarter valued at approximately $876,000. 85.82% of the stock is owned by institutional investors.

Insider Activity

In related news, COO Micah R. Conrad sold 2,500 shares of OneMain stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $45.75, for a total value 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 trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other OneMain news, COO Micah R. Conrad sold 2,500 shares of OneMain 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 directly owns 117,025 shares in the company, valued at approximately $5,353,893.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas H. Shulman sold 15,000 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $46.30, for a total value of $694,500.00. Following the completion of the sale, the chief executive officer now owns 422,474 shares of the company’s stock, valued at $19,560,546.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,792 shares of company stock valued at $2,032,859 over the last three months. Insiders own 0.45% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on OMF. Wells Fargo & Company boosted their price objective on OneMain from $49.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Royal Bank of Canada reissued an “outperform” rating and issued a $58.00 price target on shares of OneMain in a research note on Wednesday, October 16th. JPMorgan Chase & Co. cut their price objective on shares of OneMain from $56.00 to $51.00 and set an “overweight” rating on the stock in a research note on Monday, October 7th. Barclays lowered shares of OneMain from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $52.00 to $46.00 in a research report on Tuesday, October 8th. Finally, Compass Point raised their target price on shares of OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $55.08.

OneMain Stock Performance

Shares of NYSE:OMF opened at $55.01 on Friday. The stock has a market capitalization of $6.57 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 0.67 and a beta of 1.54. OneMain Holdings, Inc. has a 1-year low of $36.52 and a 1-year high of $55.40. The company has a 50 day moving average price of $47.54 and a 200 day moving average price of $48.50.

OneMain Announces Dividend

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

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.