M&T Bank Corp Has $551,000 Stock Position in OneMain Holdings, Inc. (NYSE:OMF)

M&T Bank Corp lessened its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 4.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,709 shares of the financial services provider’s stock after selling 542 shares during the period. M&T Bank Corp’s holdings in OneMain were worth $551,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Continuum Advisory LLC purchased a new stake in shares of OneMain in the third quarter worth approximately $28,000. EdgeRock Capital LLC purchased a new stake in OneMain in the 2nd quarter valued at $31,000. International Assets Investment Management LLC bought a new position in OneMain during the 2nd quarter valued at $34,000. Blue Trust Inc. boosted its holdings in OneMain by 43.4% during the 2nd quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 225 shares during the last quarter. Finally, Abich Financial Wealth Management LLC grew its stake in shares of OneMain by 27.4% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,227 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 264 shares in the last quarter. Institutional investors own 85.82% of the company’s stock.

OneMain Stock Down 3.5 %

Shares of NYSE:OMF opened at $53.78 on Wednesday. The firm has a market capitalization of $6.42 billion, a PE ratio of 11.77, a P/E/G ratio of 0.69 and a beta of 1.56. The company has a 50-day moving average price of $52.43 and a two-hundred day moving average price of $49.58. OneMain Holdings, Inc. has a twelve month low of $41.70 and a twelve month high of $57.97.

OneMain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 7.74%. The ex-dividend date of this dividend was Tuesday, November 12th. OneMain’s dividend payout ratio (DPR) is presently 91.03%.

Insider Activity at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 2,400 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $50.00, for a total value of $120,000.00. Following the completion of the transaction, the senior vice president now owns 20,947 shares in the company, valued at $1,047,350. This trade represents a 10.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Micah R. Conrad sold 886 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $50.00, for a total value of $44,300.00. Following the sale, the chief operating officer now owns 104,739 shares in the company, valued at approximately $5,236,950. This represents a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,778 shares of company stock worth $1,996,684. Corporate insiders own 0.45% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on OMF. Wells Fargo & Company raised their price target on shares of OneMain from $49.00 to $52.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. boosted their target price on OneMain from $56.00 to $59.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. JMP Securities increased their price target on OneMain from $60.00 to $62.00 and gave the company a “market outperform” rating in a research report on Thursday, October 31st. StockNews.com cut OneMain from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Finally, Barclays lowered 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. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, OneMain presently has an average rating of “Moderate Buy” and an average price target 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.