OneMain Holdings, Inc. (NYSE:OMF) Stock Holdings Trimmed by Franklin Resources Inc.

Franklin Resources Inc. lessened its stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 13.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 103,217 shares of the financial services provider's stock after selling 16,318 shares during the quarter. Franklin Resources Inc. owned approximately 0.09% of OneMain worth $4,784,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Continuum Advisory LLC purchased a new position in shares of OneMain in the 3rd quarter worth approximately $28,000. International Assets Investment Management LLC purchased a new position in OneMain during the second quarter worth $34,000. Blue Trust Inc. increased its position in OneMain by 64.1% during the third quarter. Blue Trust Inc. now owns 1,219 shares of the financial services provider's stock valued at $59,000 after acquiring an additional 476 shares during the last quarter. Abich Financial Wealth Management LLC raised its stake in shares of OneMain by 27.4% in the second quarter. Abich Financial Wealth Management LLC now owns 1,227 shares of the financial services provider's stock valued at $59,000 after acquiring an additional 264 shares during the period. Finally, UMB Bank n.a. lifted its holdings in shares of OneMain by 32.6% in the 2nd quarter. UMB Bank n.a. now owns 1,779 shares of the financial services provider's stock worth $86,000 after acquiring an additional 437 shares during the last quarter. Institutional investors own 85.82% of the company's stock.

Analyst Upgrades and Downgrades

OMF has been the topic of a number of research analyst reports. StockNews.com downgraded shares of OneMain from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th. Compass Point raised their price objective on OneMain from $60.00 to $63.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Barclays cut OneMain from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $52.00 to $46.00 in a report on Tuesday, October 8th. Wells Fargo & Company raised their price target on OneMain from $49.00 to $52.00 and gave the company an "equal weight" rating in a research note on Thursday, October 31st. Finally, Stephens started coverage on shares of OneMain in a research note on Wednesday, November 13th. They issued an "overweight" rating and a $62.00 price objective for the company. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $56.08.

Insider Transactions at OneMain

In related news, SVP Michael A. Hedlund sold 1,992 shares of OneMain stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $52.00, for a total transaction of $103,584.00. Following the sale, the senior vice president now owns 18,955 shares of the company's stock, valued at $985,660. The trade was a 9.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas H. Shulman sold 5,000 shares of OneMain stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $53.00, for a total value of $265,000.00. Following the sale, the chief executive officer now owns 412,474 shares in the company, valued at $21,861,122. This represents a 1.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,492 shares of company stock worth $1,582,384. 0.45% of the stock is currently owned by company insiders.

OneMain Stock Up 2.0 %

Shares of OMF stock traded up $1.04 during mid-day trading on Tuesday, hitting $52.99. 333,940 shares of the company's stock were exchanged, compared to its average volume of 996,450. The stock has a market cap of $6.32 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 0.69 and a beta of 1.56. The stock has a 50-day simple moving average of $53.16 and a two-hundred day simple moving average of $49.74. OneMain Holdings, Inc. has a fifty-two week low of $41.70 and a fifty-two week high of $57.97.

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 7.85%. The ex-dividend date of this dividend was Tuesday, November 12th. OneMain's dividend payout ratio is currently 91.03%.

OneMain Company 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.