OneMain Holdings, Inc. (NYSE:OMF) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 70.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,976 shares of the financial services provider’s stock after selling 13,930 shares during the quarter. Amalgamated Bank’s holdings in OneMain were worth $281,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in OMF. Blue Trust Inc. boosted its holdings in 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 acquiring an additional 225 shares during the last quarter. US Bancorp DE boosted its holdings in OneMain by 1.8% in the first quarter. US Bancorp DE now owns 14,040 shares of the financial services provider’s stock valued at $717,000 after acquiring an additional 245 shares during the last quarter. UMB Bank n.a. boosted its holdings in OneMain by 13.9% in the third quarter. UMB Bank n.a. now owns 2,026 shares of the financial services provider’s stock valued at $95,000 after acquiring an additional 247 shares during the last quarter. Abich Financial Wealth Management LLC boosted its holdings in OneMain by 27.4% in the second quarter. Abich Financial Wealth Management LLC now owns 1,227 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 264 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in OneMain by 13.5% in the second 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 during the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

OneMain Stock Up 1.3 %

Shares of OneMain stock opened at $55.49 on Monday. The firm has a market cap of $6.62 billion, a P/E ratio of 12.14, a P/E/G ratio of 0.68 and a beta of 1.54. OneMain Holdings, Inc. has a fifty-two week low of $37.78 and a fifty-two week high of $56.28. The business has a 50-day moving average price of $48.27 and a 200 day moving average price of $48.62.

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Tuesday, November 12th will be issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 7.50%. The ex-dividend date is Tuesday, November 12th. OneMain’s dividend payout ratio is currently 91.03%.

Insider Activity at OneMain

In other OneMain news, COO Micah R. Conrad sold 886 shares of OneMain stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $50.00, for a total value of $44,300.00. Following the completion of the transaction, the chief operating officer now directly owns 104,739 shares in the company, valued at $5,236,950. The trade was a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas H. Shulman sold 5,000 shares of OneMain stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $50.00, for a total value of $250,000.00. Following the completion of the transaction, the chief executive officer now owns 417,474 shares of the company’s stock, valued at approximately $20,873,700. The trade was a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,292 shares of company stock valued at $2,307,784 over the last three months. 0.45% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have commented on OMF. Stephens began coverage on OneMain in a research note on Wednesday, November 13th. They set an “overweight” rating and a $62.00 price objective on the stock. JMP Securities boosted their price objective on OneMain from $60.00 to $62.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. reduced their price objective on OneMain from $56.00 to $51.00 and set an “overweight” rating on the stock in a research note on Monday, October 7th. Northland Securities lifted their target price on OneMain from $53.00 to $55.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $58.00 target price on shares of OneMain in a research report on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $55.46.

OneMain 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.