Logan Capital Management Inc. Lowers Stock Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Logan Capital Management Inc. reduced its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 0.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 113,181 shares of the financial services provider’s stock after selling 991 shares during the period. Logan Capital Management Inc. owned about 0.09% of OneMain worth $5,327,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in OMF. Wilmington Savings Fund Society FSB acquired a new stake in OneMain in the 3rd quarter valued at $184,000. Sanctuary Advisors LLC grew its position in shares of OneMain by 143.4% in the third quarter. Sanctuary Advisors LLC now owns 17,405 shares of the financial services provider’s stock valued at $819,000 after purchasing an additional 10,253 shares during the period. TCW Group Inc. increased its stake in shares of OneMain by 23.7% during the third quarter. TCW Group Inc. now owns 55,999 shares of the financial services provider’s stock worth $2,636,000 after purchasing an additional 10,744 shares in the last quarter. Geode Capital Management LLC raised its position in shares of OneMain by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,139,793 shares of the financial services provider’s stock worth $100,935,000 after purchasing an additional 13,978 shares during the last quarter. Finally, Barclays PLC lifted its stake in OneMain by 22.0% in the 3rd quarter. Barclays PLC now owns 100,831 shares of the financial services provider’s stock valued at $4,747,000 after buying an additional 18,190 shares in the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on OMF shares. Stephens initiated coverage on OneMain in a research note on Wednesday, November 13th. They set an “overweight” rating and a $62.00 price objective for the company. Royal Bank of Canada reiterated an “outperform” rating and set a $58.00 price target on shares of OneMain in a research report on Wednesday, October 16th. StockNews.com cut shares of OneMain from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. increased their target price on shares of OneMain from $56.00 to $59.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Wells Fargo & Company boosted their price target on shares of OneMain from $49.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $56.08.

Insider Activity at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 20,000 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $54.19, for a total value of $1,083,800.00. Following the sale, the chief executive officer now owns 392,474 shares of the company’s stock, valued at $21,268,166.06. This trade represents a 4.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Micah R. Conrad sold 886 shares of OneMain 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 completion of the transaction, the chief operating officer now owns 104,739 shares of the company’s stock, valued at $5,236,950. The trade was a 0.84 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,178 shares of company stock worth $2,107,084. Insiders own 0.45% of the company’s stock.

OneMain Price Performance

Shares of OMF stock traded up $0.07 during trading on Friday, hitting $55.69. 32,298 shares of the stock traded hands, compared to its average volume of 998,405. The firm has a market capitalization of $6.65 billion, a P/E ratio of 12.18, a price-to-earnings-growth ratio of 0.69 and a beta of 1.56. OneMain Holdings, Inc. has a 52-week low of $41.70 and a 52-week high of $57.97. The firm’s fifty day moving average price is $52.08 and its 200-day moving average price is $49.46.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.47%. OneMain’s payout ratio is currently 91.03%.

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.