Empowered Funds LLC Boosts Position in OneMain Holdings, Inc. (NYSE:OMF)

Empowered Funds LLC grew its position in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 38.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,888 shares of the financial services provider's stock after purchasing an additional 9,349 shares during the quarter. Empowered Funds LLC's holdings in OneMain were worth $1,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. EdgeRock Capital LLC bought a new position in shares of OneMain during the second quarter worth $31,000. International Assets Investment Management LLC bought a new position in shares of OneMain during the second quarter worth $34,000. Blue Trust Inc. boosted its position in shares of OneMain by 43.4% during the second 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. Abich Financial Wealth Management LLC raised its stake in OneMain by 46.1% during the first 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. raised its stake in OneMain by 32.6% during the second 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. 85.82% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Michael A. Hedlund sold 2,400 shares of the firm's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $46.00, for a total value of $110,400.00. Following the sale, the senior vice president now directly owns 25,747 shares in the company, valued at approximately $1,184,362. This trade represents a 8.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Micah R. Conrad sold 1,614 shares of the firm's stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $50.00, for a total transaction of $80,700.00. Following the completion of the sale, the chief operating officer now owns 110,411 shares in the company, valued at $5,520,550. This represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,792 shares of company stock worth $2,187,784 in the last three months. Corporate insiders own 0.45% of the company's stock.

OneMain Stock Performance

OneMain stock traded up $0.93 during midday trading on Friday, hitting $56.50. 349,472 shares of the company's stock were exchanged, compared to its average volume of 1,011,789. OneMain Holdings, Inc. has a 12 month low of $37.93 and a 12 month high of $56.85. The firm has a 50-day moving average of $49.17 and a two-hundred day moving average of $48.77. The company has a market cap of $6.74 billion, a PE ratio of 12.41, a P/E/G ratio of 0.67 and a beta of 1.54.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 7.36%. The ex-dividend date was Tuesday, November 12th. OneMain's payout ratio is 91.03%.

Analyst Upgrades and Downgrades

OMF has been the topic of several recent analyst reports. Stephens initiated coverage on shares of OneMain in a research note on Wednesday, November 13th. They issued an "overweight" rating and a $62.00 target price on the stock. StockNews.com downgraded shares of OneMain from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. reduced their target price on shares of OneMain from $56.00 to $51.00 and set an "overweight" rating on the stock in a research note on Monday, October 7th. Compass Point increased their target price on shares of OneMain from $60.00 to $63.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Finally, JMP Securities increased their target price on shares of OneMain from $60.00 to $62.00 and gave the company a "market outperform" 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 company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $55.46.

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.