Verdence Capital Advisors LLC Boosts Stock Position in OneMain Holdings, Inc. (NYSE:OMF)

Verdence Capital Advisors LLC boosted its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 14.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,153 shares of the financial services provider’s stock after purchasing an additional 5,120 shares during the period. Verdence Capital Advisors LLC’s holdings in OneMain were worth $1,890,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of OMF. Principal Financial Group Inc. increased its stake in shares of OneMain by 12.1% during the third quarter. Principal Financial Group Inc. now owns 805,256 shares of the financial services provider’s stock valued at $37,903,000 after buying an additional 87,084 shares during the period. QRG Capital Management Inc. boosted its holdings in OneMain by 5.9% in the third quarter. QRG Capital Management Inc. now owns 63,616 shares of the financial services provider’s stock valued at $2,994,000 after acquiring an additional 3,559 shares in the last quarter. Stephens Inc. AR increased its position in OneMain by 30.9% during the 3rd quarter. Stephens Inc. AR now owns 21,020 shares of the financial services provider’s stock valued at $989,000 after purchasing an additional 4,959 shares during the period. Avitas Wealth Management LLC raised its holdings in OneMain by 1.5% in the 3rd quarter. Avitas Wealth Management LLC now owns 45,176 shares of the financial services provider’s stock worth $2,126,000 after purchasing an additional 652 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of OneMain by 26.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 6,287 shares of the financial services provider’s stock worth $293,000 after purchasing an additional 1,302 shares during the period. Institutional investors own 85.82% of the company’s stock.

Insider Transactions at OneMain

In related news, CEO Douglas H. Shulman sold 15,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 422,474 shares of the company’s stock, valued at approximately $19,560,546.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other OneMain news, CEO Douglas H. Shulman sold 15,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was 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 in the company, valued at $19,560,546.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Micah R. Conrad sold 886 shares of the business’s 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 $44,300.00. Following the transaction, the chief operating officer now owns 104,739 shares of the company’s stock, valued at approximately $5,236,950. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,792 shares of company stock worth $2,032,859 in the last quarter. Company insiders own 0.45% of the company’s stock.

OneMain Price Performance

OMF stock opened at $55.01 on Friday. The company has a market cap of $6.57 billion, a P/E ratio of 12.04, a price-to-earnings-growth 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 stock’s fifty day moving average price is $47.54 and its 200-day moving average price is $48.50.

OneMain Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 7.56%. The ex-dividend date of this dividend is Tuesday, November 12th. OneMain’s payout ratio is currently 91.03%.

Analyst Upgrades and Downgrades

OMF has been the topic of a number of research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $58.00 target price on shares of OneMain in a report on Wednesday, October 16th. StockNews.com cut shares of OneMain from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Barclays lowered shares of OneMain from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $52.00 to $46.00 in a report on Tuesday, October 8th. Wells Fargo & Company upped their price target on OneMain from $49.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Finally, Compass Point lifted their price objective on OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, OneMain presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.08.

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.