OneMain Holdings, Inc. (NYSE:OMF) Shares Sold by Sippican Capital Advisors

Sippican Capital Advisors lowered its stake in OneMain Holdings, Inc. (NYSE:OMF) by 1.1% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,579 shares of the financial services provider’s stock after selling 350 shares during the quarter. Sippican Capital Advisors’ holdings in OneMain were worth $1,533,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. EdgeRock Capital LLC acquired a new stake in shares of OneMain during the 2nd quarter worth $31,000. International Assets Investment Management LLC acquired a new stake in shares of OneMain during the 2nd quarter worth $34,000. Blue Trust Inc. increased its holdings in shares of 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 buying an additional 225 shares during the last quarter. Abich Financial Wealth Management LLC increased its holdings in OneMain by 46.1% in the 1st quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 304 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in OneMain by 32.6% in the 2nd quarter. UMB Bank n.a. now owns 1,779 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 437 shares in the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. JMP Securities reiterated a “market outperform” rating and issued a $60.00 price target on shares of OneMain in a report on Monday, October 14th. JPMorgan Chase & Co. lowered their target price on OneMain from $56.00 to $51.00 and set an “overweight” rating for the company in a research note on Monday, October 7th. Wells Fargo & Company lowered their target price on OneMain from $53.00 to $49.00 and set an “equal weight” rating for the company in a research note on Monday, October 14th. Royal Bank of Canada restated an “outperform” rating and set a $58.00 target price on shares of OneMain in a research note on Wednesday, October 16th. Finally, StockNews.com downgraded OneMain from a “buy” rating to a “hold” rating in a research note on Saturday, October 26th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.00.

OneMain Stock Performance

Shares of NYSE OMF traded up $0.33 during trading on Thursday, hitting $52.25. The company had a trading volume of 41,502 shares, compared to its average volume of 994,620. The company has a market cap of $6.26 billion, a P/E ratio of 10.12, a PEG ratio of 0.89 and a beta of 1.56. OneMain Holdings, Inc. has a 52 week low of $35.53 and a 52 week high of $54.94. The business’s 50-day moving average is $46.99 and its 200 day moving average is $48.29.

OneMain (NYSE:OMF) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.12. OneMain had a return on equity of 20.63% and a net margin of 12.33%. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $918.74 million. During the same quarter in the prior year, the company earned $1.01 earnings per share. On average, research analysts expect that OneMain Holdings, Inc. will post 4.91 EPS for the current year.

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 7.96%. The ex-dividend date of this dividend is Tuesday, November 12th. OneMain’s dividend payout ratio is currently 81.09%.

Insider Activity

In other news, SVP Michael A. Hedlund sold 2,400 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $50.00, for a total transaction of $120,000.00. Following the transaction, the senior vice president now directly owns 20,947 shares in the company, valued at $1,047,350. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, COO Micah R. Conrad sold 2,500 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $45.75, for a total value of $114,375.00. Following the completion of the sale, the chief operating officer now directly owns 117,025 shares in the company, valued at approximately $5,353,893.75. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Michael A. Hedlund sold 2,400 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $50.00, for a total transaction of $120,000.00. Following the completion of the sale, the senior vice president now owns 20,947 shares of the company’s stock, valued at $1,047,350. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,300 shares of company stock worth $1,534,275 in the last ninety days. Corporate insiders own 0.45% of the company’s stock.

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.