OneMain Holdings, Inc. (NYSE:OMF) Shares Sold by Barnett & Company Inc.

Barnett & Company Inc. lowered its position in OneMain Holdings, Inc. (NYSE:OMF) by 0.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 125,823 shares of the financial services provider’s stock after selling 1,000 shares during the period. OneMain makes up approximately 3.9% of Barnett & Company Inc.’s investment portfolio, making the stock its 8th largest holding. Barnett & Company Inc. owned 0.11% of OneMain worth $5,922,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Aigen Investment Management LP acquired a new stake in shares of OneMain in the third quarter worth $288,000. GSA Capital Partners LLP acquired a new stake in OneMain during the 3rd quarter worth about $238,000. State of New Jersey Common Pension Fund D grew its position in OneMain by 3.1% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 40,581 shares of the financial services provider’s stock worth $1,910,000 after purchasing an additional 1,215 shares during the period. Covestor Ltd lifted its holdings in shares of OneMain by 10.8% in the 3rd quarter. Covestor Ltd now owns 3,188 shares of the financial services provider’s stock valued at $150,000 after buying an additional 311 shares during the period. Finally, Atria Investments Inc boosted its stake in shares of OneMain by 44.2% in the third quarter. Atria Investments Inc now owns 56,920 shares of the financial services provider’s stock worth $2,679,000 after buying an additional 17,457 shares during the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

Insider Buying and Selling

In other OneMain news, CEO Douglas H. Shulman sold 15,000 shares of OneMain stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $46.30, for a total transaction of $694,500.00. Following the transaction, the chief executive officer now directly owns 422,474 shares of the company’s stock, valued at $19,560,546.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Douglas H. Shulman sold 15,000 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $46.30, for a total value of $694,500.00. Following the transaction, the chief executive officer now owns 422,474 shares of the company’s stock, valued at $19,560,546.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Douglas H. Shulman sold 5,000 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $53.00, for a total transaction of $265,000.00. Following the completion of the transaction, the chief executive officer now directly owns 412,474 shares in the company, valued at $21,861,122. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,792 shares of company stock worth $2,032,859. 0.45% of the stock is owned by corporate insiders.

OneMain Price Performance

NYSE OMF traded down $1.82 during mid-day trading on Tuesday, hitting $53.99. The stock had a trading volume of 433,026 shares, compared to its average volume of 1,012,836. The firm’s 50 day moving average is $47.66 and its 200 day moving average is $48.52. The stock has a market capitalization of $6.44 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 0.68 and a beta of 1.54. OneMain Holdings, Inc. has a twelve month low of $36.80 and a twelve month high of $56.28.

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 issued a $1.04 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $4.16 dividend on an annualized basis and a yield of 7.71%. OneMain’s payout ratio is 91.03%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on OMF. Compass Point boosted their price target on OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, October 31st. StockNews.com downgraded shares of OneMain from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Northland Securities lifted their price objective on shares of OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. Royal Bank of Canada reiterated an “outperform” rating and issued a $58.00 price objective on shares of OneMain in a research report on Wednesday, October 16th. Finally, JMP Securities raised their target price on OneMain from $60.00 to $62.00 and gave the company a “market outperform” rating in a research report on Thursday, October 31st. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $55.08.

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.