OneMain Holdings, Inc. (NYSE:OMF) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its position in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 70.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,976 shares of the financial services provider's stock after selling 13,930 shares during the period. Amalgamated Bank's holdings in OneMain were worth $281,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of OMF. Clearbridge Investments LLC grew its stake in OneMain by 64.8% during the 1st quarter. Clearbridge Investments LLC now owns 1,890,017 shares of the financial services provider's stock valued at $96,561,000 after acquiring an additional 743,034 shares in the last quarter. Frank Rimerman Advisors LLC acquired a new position in shares of OneMain in the 2nd quarter worth approximately $608,000. Swedbank AB acquired a new stake in OneMain during the 1st quarter worth approximately $817,000. Argent Capital Management LLC lifted its holdings in OneMain by 33.6% during the 2nd quarter. Argent Capital Management LLC now owns 672,952 shares of the financial services provider's stock worth $32,631,000 after buying an additional 169,339 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in OneMain by 13.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,276 shares of the financial services provider's stock worth $110,000 after buying an additional 271 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company's stock.

OneMain Stock Performance

OneMain stock traded down $0.44 during trading on Monday, reaching $55.05. The company had a trading volume of 993,246 shares, compared to its average volume of 1,018,894. OneMain Holdings, Inc. has a 12-month low of $37.78 and a 12-month high of $56.28. The stock's 50 day moving average price is $48.27 and its two-hundred day moving average price is $48.62. The firm has a market capitalization of $6.57 billion, a price-to-earnings ratio of 12.05, a PEG ratio of 0.68 and a beta of 1.54.

OneMain Dividend Announcement

The company also recently announced 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. The ex-dividend date is Tuesday, November 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.56%. OneMain's payout ratio is currently 91.03%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on OMF. Northland Securities raised their price objective on shares of OneMain from $53.00 to $55.00 and gave the company a "market perform" rating in a report on Thursday, August 1st. Wells Fargo & Company increased their target price on shares of OneMain from $49.00 to $52.00 and gave the company an "equal weight" rating in a research report on Thursday, October 31st. Compass Point raised their price objective on shares of OneMain from $60.00 to $63.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $58.00 target price on shares of OneMain in a report on Wednesday, October 16th. Finally, Barclays downgraded 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. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $55.46.

Insider Activity at OneMain

In other news, COO Micah R. Conrad sold 2,500 shares of OneMain stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $48.00, for a total value of $120,000.00. Following the transaction, the chief operating officer now owns 112,025 shares of the company's stock, valued at $5,377,200. The trade was a 2.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Michael A. Hedlund sold 2,400 shares of OneMain stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $46.00, for a total transaction of $110,400.00. Following the completion of the transaction, the senior vice president now directly owns 25,747 shares in the company, valued at $1,184,362. This represents a 8.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,292 shares of company stock valued at $2,307,784 over the last ninety days. Corporate insiders own 0.45% of the company's stock.

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.