Atria Investments Inc Acquires 17,457 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Atria Investments Inc grew its position in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 44.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 56,920 shares of the financial services provider's stock after purchasing an additional 17,457 shares during the period. Atria Investments Inc's holdings in OneMain were worth $2,679,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Assetmark Inc. grew its stake in OneMain by 13.3% in the third quarter. Assetmark Inc. now owns 8,650 shares of the financial services provider's stock valued at $407,000 after acquiring an additional 1,016 shares during the period. Verdence Capital Advisors LLC raised its holdings in OneMain by 14.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 40,153 shares of the financial services provider's stock worth $1,890,000 after buying an additional 5,120 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of OneMain by 12.1% in 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. increased its position in shares of OneMain by 5.9% during the third quarter. QRG Capital Management Inc. now owns 63,616 shares of the financial services provider's stock worth $2,994,000 after acquiring an additional 3,559 shares in the last quarter. Finally, Stephens Inc. AR lifted its position in OneMain by 30.9% in the 3rd quarter. Stephens Inc. AR now owns 21,020 shares of the financial services provider's stock valued at $989,000 after acquiring an additional 4,959 shares in the last quarter. 85.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on OMF shares. Barclays lowered OneMain from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $52.00 to $46.00 in a report on Tuesday, October 8th. Northland Securities increased their price objective on shares of OneMain from $53.00 to $55.00 and gave the stock a "market perform" rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. decreased their price target on OneMain from $56.00 to $51.00 and set an "overweight" rating for the company in a research note on Monday, October 7th. StockNews.com downgraded OneMain from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $58.00 price objective on shares of OneMain in a report on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, OneMain presently has an average rating of "Moderate Buy" and a consensus price target of $55.46.

OneMain Price Performance

Shares of OMF stock traded up $0.38 on Friday, reaching $55.15. 335,272 shares of the company were exchanged, compared to its average volume of 1,016,056. OneMain Holdings, Inc. has a one year low of $37.78 and a one year high of $56.28. The company has a market cap of $6.58 billion, a price-to-earnings ratio of 11.98, a PEG ratio of 0.67 and a beta of 1.54. The company has a 50-day moving average of $48.05 and a 200-day moving average of $48.63.

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 paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.54%. The ex-dividend date is Tuesday, November 12th. OneMain's dividend payout ratio (DPR) is 91.03%.

Insider Buying and Selling at OneMain

In other news, CEO Douglas H. Shulman sold 20,000 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 392,474 shares of the company's stock, valued at $21,268,166.06. This represents a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Micah R. Conrad sold 2,500 shares of the company's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $52.00, for a total value of $130,000.00. Following the completion of the transaction, the chief operating officer now owns 102,239 shares in the company, valued at approximately $5,316,428. The trade was a 2.39 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,292 shares of company stock worth $2,307,784. Insiders own 0.45% of the company's stock.

About OneMain

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.